Weekly Governance Update: Week of March 2nd, 2026
Three onchain proposals went up for a vote this week.
Proposals
MIP-R39
Summary: Submitted onchain on Monday, this proposal sought to restore user withdrawals and redemptions on Moonwell’s Moonriver markets by setting placeholder prices in the oracle. Borrowing remained disabl and collateral factors remain set to 0% across all Moonriver markets; the proposal simply restores the ability to withdraw or exit markets.
MIP-X45
Summary: The first of two submitted onchain on Wednesday, this proposal sought to upgrade the stkWELL contracts across Moonbeam, Base, and OP Mainnet to remove faulty logic and improve snapshot correctness on Moonbeam.
MIP-B58
Summary: Wednesday’s second proposal sought to provide restitution to wallets impacted by the cbETH incident. It also sought to onboard MFAM and stkMFAM holders into the ecosystem through a WELL staking allocation and a targeted stkWELL airdrop.
Contributor Updates
Forum post: [Anthias Labs] Weekly Market Updates
Author: Anthias
Summary: Anthias posted a weekly update on Thursday for the Moonwell markets covering the previous week.
- Base: cbETH and AERO supply are up 40% and 10%, respectively, while wstETH supply is down 15%. wstETH and cbBTC borrows are up 78% and 11%, respectively. There was ~$34.8K in liquidations across 171 events.
- OP Mainnet: USDC supply and borrows are down 8% and 20%, respectively. OP borrows are up 191%. There was ~$100 in liquidations across 8 events.
- Moonbeam: There was ~$197 in liquidations across 67 events.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of the month, March 26th.