Weekly Governance Recaps

Announcements & Updates Updates
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Weekly Governance Update: Week of June 22nd, 2026

One onchain proposal went up for a vote this week.

Proposals

MIP-X61

Summary: Following MIP-X60, MIP-X61 sought to similarly adjust risk parameters on Base (see the forum post here), address bad debt and continue cbETH remediation for affected users, and update the supply/borrow cap guardian on Ethereum to Anthias’ multisig. Anthias’ reserve recommendations forum post can be found here.

Delegate Updates

Forum post: Moonwell Chain Expansion

Author: Fechuky

Summary: Kicking off the week, Moonwell Super Delegate Fechuky created a forum discussion outlining ideas for the protocol’s next possible expansion moves after the earlier Ethereum mainnet deployment. Included in this research post are Circle’s Arc network and RWAs, along with other tokenized assets that bring offchain financial instruments onchain.

Contributor Updates

Forum post: [Anthias Labs] - Risk Parameter Recommendations

Author: Anthias

Summary: Anthias Labs shared their risk parameter recommendations for Moonwell’s Core Markets for the month of July.

  • Base: Collateral factor was decreased to 52% for wrsETH. IR parameters were adjusted for USDC and MAMO.
  • OP Mainnet: No recommendations this month.
  • Moonbeam: No recommendations this month.

…

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: MAMO supply is up 77% (utilization down 61%) and USDC supply and borrows are each up 3%, while WETH supply contracted 9% (utilization +12%), AERO borrows are down 19%, and cbBTC borrows are down 13%. There were no liquidation events this week.
  • Ethereum: The new mainnet markets continued gaining supply across the board: cbBTC +112%, WETH +93%, USDC +72%, and USDT +44%. Similarly, borrows increased for cbBTC (+284%), WETH (+154%), and USDT (off a near-zero base). No liquidations this week.
  • OP Mainnet: WETH borrows are down 85% and WETH supply down 61% (utilization -63%), while USDC supply and borrows are each down 41%; wstETH supply is up 29%. There was ~$5.4K in collateral seized across 9 liquidation events.
  • Moonbeam: Minimal movement and no liquidations.

Upcoming Events in Governance

Monthly Governance Call

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

Monthly Governance Reports