# 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:** 118

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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:** [May 11, 2026, 2:10pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/118 "2026-05-11T14:10:27Z")

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# **Weekly Governance Update: Week of May 4th, 2026**

Two onchain proposals went up for a vote this week.

## **Proposals**

### [**MIP-X53**](https://moonwell.fi/governance/proposal/moonbeam?id=162)

**Summary** : The first of two proposals submitted on Wednesday, MIP-X53 sought to upgrade the xWELL Wormhole adapter implementation to resolve configuration issues identified after MIP-X52. MIP-X52 upgraded the xWELL Wormhole adapter contract to the new Wormhole Executor pattern. After deployment, two issues were identified: the executor receiving endpoint on Moonbeam consumed high amounts of gas, and a new setter was needed to update the quoter address due to Wormhole documentation discrepancies.

### [**MIP-X54**](https://moonwell.fi/governance/proposal/moonbeam?id=163)

**Summary** : In our [recap for the week of April 27th](https://forum.moonwell.fi/t/weekly-governance-recaps/786/117), we summarized Anthias’ risk parameter recommendations for May. On May 6th, the crosschain proposal was created. It passed its voting period.

## **Contributor Updates**

**Forum post** : [[Anthias Labs] Weekly Market Updates](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/65)

**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** : WETH supply and cbBTC borrows are up 45% and 100%, respectively; AERO supply is down 10%. There were no liquidations this week.
- **OP Mainnet** : WETH borrows and supply both increased (42% and 18%, respectively). Similarly, USDC borrows and supply are up 46% and 42%. No liquidations were reported.
- **Moonbeam** : No notable changes nor liquidation events were reported.

## **Community & Integrations**

**Forum post** : [Proposal to add deSPXA market to Moonwell on Base](https://forum.moonwell.fi/t/proposal-to-add-despxa-market-to-moonwell-on-base/2163)

**Author** : [graham\_centrifuge](https://forum.moonwell.fi/u/graham_centrifuge/summary)

**Summary** : As first introduced by Luke during the [last governance call](https://forum.moonwell.fi/t/monthly-governance-calls/788/27), a forum proposal to create a market for Centrifuge’s deSPXA on Base was created on Tuesday. deSPXA is a transferable, Base-native debt instrument linked to SPXA, the Janus Henderson Anemoy S&P 500 Index Fund. The team is waiting on a Chainlink-compatible adapter for price feeds before proceeding. Anthias [recommended](https://forum.moonwell.fi/t/proposal-to-add-despxa-market-to-moonwell-on-base/2163/2) initializing the market on Base, with the caveat that the borrow and supply caps are initially zeroed-out due to low DEX liquidity.

## **Upcoming Events in Governance**

### **Monthly Governance Call**

Look for the next Monthly Governance Call on X on the **last** Thursday of the month, May 28th.

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_[View the full topic](https://forum.moonwell.fi/t/weekly-governance-recaps/786)._