Weekly Governance Update: Week of May 11th, 2026
Two onchain proposals went up for a vote this week.
Proposals
MIP-X55
Summary: The first proposal aimed at potentially activating a deployment of Moonwell on Ethereum Mainnet, MIP-X55 sought to connect Ethereum to the existing xWELL bridge system. Focusing solely on the WELL token, upon completion, users became able to bridge WELL between Mainnet and the existing supported chains.
MIP-X56
Summary: This proposal sought to refresh Moonwell’s Chainlink OEV oracle wrappers on Base and OP Mainnet to make OEV liquidation fee-splitting more accurate and consistent. The current configured split for the OEV-aware oracle wrappers is 30% to the liquidator and 70% to the protocol. This proposal updates the oracle wrapper logic so that this split is calculated using consistent, fresh price references on both sides of the liquidation, ensuring the protocol’s OEV fee policy is executed as intended.
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: WETH supply, cbBTC borrows, and AERO borrows are all up 14%, 30%, and 13%, respectively. There was ~$10.4K in liquidations across 137 events.
- OP Mainnet: USDT borrows are up 52%, while OP borrows are down 14%. There was ~$9.8K in liquidations across 2 events.
- Moonbeam: GLMR supply is down 8%.
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.