# 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:** 122

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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:** [June 8, 2026, 1:33pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/122 "2026-06-08T13:33:53Z")

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# Weekly Governance Update: Week of June 1st, 2026

One onchain proposal went up for a vote this week.

## Proposals

### [MIP-E01](https://moonwell.fi/governance/proposal/ethereum?id=171)

**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](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/69)

**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** : 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.

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