Weekly Governance Update: Week of June 1st, 2026
One onchain proposal went up for a vote this week.
Proposals
MIP-E01
Summary: Submitted on Wednesday, this proposal sought to update the user experience of the WETH market on Ethereum. It enabled redemptions and borrows to pay out raw ETH directly, rather than requiring the user to unwrap WETH manually.
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: cbBTC and VIRTUAL supply are up 28% and 17%, respectively; cbETH supply contracted 15%. There was ~$107.3K in liquidations across 77 events.
- OP Mainnet: VELO supply is up 112% and USDC borrows are up 28%, while DAI borrows are down 52%. There was ~$400 in liquidations across 11 events.
- Moonbeam: No liquidations nor notable events.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of the month, June 25th.