# Weekly Governance Recaps

**URL:** <https://forum.moonwell.fi/t/weekly-governance-recaps/786>\
**Category:** Updates\
**Tags:** boardroom\
**Created:** [February 12, 2024, 10:57pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786 "2024-02-12T22:57:45Z")\
**Posts on this page:** 1\
**Showing post:** 112

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**Author:** ![Boardroom](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/boardroom/32/1282_2.png) [@Boardroom](https://forum.moonwell.fi/u/Boardroom)\
**Post date:** [March 30, 2026, 1:34pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/112 "2026-03-30T13:34:38Z")

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# **Weekly Governance Update: Week of March 23rd, 2026**

Two onchain proposals went up for a vote this week.

## **Proposals**

### [**MIP-X47**](https://moonwell.fi/governance/proposal/moonbeam?id=151)

**Summary** : The regular monthly reward speed proposal went onchain on Monday. It made changes to the following markets:

- **Base** :
  - ETH: Increased WELL Supply and Borrow APR
  - USDC: Increased WELL Supply APR
  - AERO: Decreased WELL Borrow APR
  - cbBTC: Decreased WELL Supply and Borrow APR
  - EURC: Increased WELL Supply and Borrow APR
  - WELL: Increased WELL Supply and Borrow APR
  - tBTC: Decreased WELL Supply and Borrow APR
  - LBTC: Increased WELL Supply and Borrow APR
  - VIRTUAL: Increased WELL Supply and Borrow APR
  - MORPHO: Increased WELL Supply and Borrow APR
  - cbXRP: Increased WELL Supply and Borrow APR

- **Optimism Mainnet** :
  - USDC: Increased WELL Supply APR
  - USDT: Decreased WELL Supply APR
  - DAI: Decreased WELL Supply APR
  - ETH: Increased WELL Supply APR
  - wstETH: Increased WELL Supply APR
  - rETH: Increased WELL Supply APR
  - OP: Decreased WELL Supply APR
  - weETH: Increased WELL Supply APR
  - VELO: Increased WELL Supply APR
  - wrsETH: Increased WELL Supply APR
  - USDT0: Increased WELL Supply APR

- **Moonbeam** :
  - GLMR: Increased WELL Supply and Borrow APR; increased GLMR Supply and Borrow APR
  - DOT: Increased WELL Supply APR
  - FRAX: Decreased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
  - USDC.wh: Decreased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
  - xcUSDT: Decreased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
  - xcUSDC: Decreased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR

- **Reserves to Auction** : N/A

### [**MIP-X48**](https://moonwell.fi/governance/proposal/moonbeam?id=152)

**Summary** : Shortly after the governance call on Thursday, MIP-X48 was submitted for onchain voting. It sought to remove reliance on Wormhole’s deprecated Standard Relayer (prior to its April 1st sunset), preserving uninterrupted cross-chain functionality for xWELL and governance. This measure allows Moonwell to relay VAAs independently in the interim while the protocol prepares for a later migration to Wormhole’s Executor framework.

## **Delegate Updates**

**Forum post** : [Moonwell Data: A Unified Analytics Dashboard](https://forum.moonwell.fi/t/moonwell-data-a-unified-analytics-dashboard/2145)

**Author** : [Jor-El](https://forum.moonwell.fi/u/jor-el)

**Summary** : On Thursday, Super Delegate Jor-El published a [dashboard](https://www.joelobafemi.xyz/moonwell) for Moonwell, unifying data on Moonwell across all chains. It’s designed to be a single source for analytics across markets, financials, governance, liquidations, wallets, and vaults, across all deployments.

## **Contributor Updates**

**Forum post** : [[Anthias Labs] Weekly Market Updates](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/59)

**Author** : [Anthias](https://forum.moonwell.fi/u/anthiaslabs/summary)

**Summary** : Anthias posted a weekly update on Thursday for the Moonwell markets covering the previous week.

- **Base** : USDC supply is up 3%; cbBTC borrows are down 13%, while LBTC borrows are up 45%. There was ~$5K in liquidations across 73 events.
- **OP Mainnet** : There was ~$12.5K in liquidations across 7 events.
- **Moonbeam** : No liquidations nor notable changes were reported.

## **Upcoming Events in Governance**

### **Monthly Governance Call**

Look for the next Monthly Governance Call on X on the **last** Thursday of the month, April 30th.

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