Monthly Governance Call – September 2025 Recap
Welcome & House-Keeping
- Moderator: Alex (Boardroom)
- Speakers: Luke & Darren (Lunar Labs), Chris (Anthias)
- Alex announced Boardroom’s upcoming delegation of 200k WELL to Chidi for Third-Party Opportunities & Research role (bringing total remaining delegation capacity to 2.0M/3.4M WELL)
Moonwell Core Contributor Updates (Luke @ Lunar Labs)
- Office expansion & team growth
- New office in Walnut Creek (Bay Area) with capacity for 20 employees
- Planning San Mateo office (90 desks) next to Roblox HQ
- Hired Sherzod (Lead Designer, ex-Coinbase/Lyft) to unify Moonwell & Mamo
- Currently interviewing world-class smart contract engineers
- Credit facility innovation
- Created a DeFi credit facility using Morpho Vaults & Markets
- Lunar Labs borrowing USD against WELL to enable growth without selling tokens; signals long-term commitment
- Proposal coming: Moonwell Ecosystem Vault (meUSDC) - public credit facility with 0% performance fee
- Product roadmap
- Mamo: 100k active users, $50M TVL (among the highest of any DeFi agent)
- Coming: Ethereum accounts, Mamo web experience, Base app Mamo integration
- Future: Staked WELL borrowing market (retain governance rights + staking rewards while borrowing)
- Vision: Capture 2-3% of all Base trading fees through Mamo
Governance & Community Proposals (Darren @ Lunar Labs)
- MAMO listing temperature check
- Passed Halborn audit with no outstanding issues
- Meets risk assessment parameters (liquidity, swap size testing)
- Chainlink price feed expected by end of month/early October
- Seeking delegate collaboration for proposal
Risk & Parameter Updates (Chris @ Anthias)
- Base: Anthias recommended an increase in Supply Caps for weETH, cbXRP, and WELL, as well as an increase in the Borrow Cap for WELL. They also included changes to the IR parameters of USDC.
- Optimism Mainnet: The main notable changes on OP Mainnet included an increase in VELO’s supply cap and adjustments to USDT’s and USDC’s IR parameters.
- Moonbeam: There were no parameter recommendations for Moonbeam.
- Moonriver: There were no parameter recommendations for Moonriver.
Community Q&A Highlights
- Long-term focus on product quality and bullish regulatory tailwinds
- Luke supportive of partnership ideas; the community can connect with Dani (LatAm Growth Lead)
- Token economics: Legal constraints prevent direct buy-back-and-burn. Alternative approaches: locking treasury WELL in credit facilities, reducing emissions after June 2026. Future grants potentially from bought-back tokens vs. new issuance.
Action Items & Dates
- Moonwell Ecosystem Vault (meUSDC) proposal going live
- MAMO/USD Chainlink price feed (end of September/early October)
- Next Governance Call: Thursday, October 30th 2025