Weekly Governance Update: Week of July 20th, 2026
Three onchain proposals went up for a vote this week.
Proposals
MIP-R41
Summary: Submitted on Tuesday, this proposal sought to strengthen the security of Moonwell’s Moonriver governance system as the Moonriver deployment continues through its wind-down process. Specifically, it (1) transferred administration of the Moonriver MOVR market to a designated security contract, (2) enabled the transfer of the protocol-controlled MOVR balance to the Foundation-designated wallet through that contract, (3) increased the Moonriver governance proposal threshold to 100,000,000 WELL, and increased the Moonriver governance quorum requirement to 100,000,000 WELL.
MIP-X63
Summary: MIP-X63 implemented Anthias’ previous risk parameter recommendations and reserve recommendations for the month of August, adjusting risk parameters on Base and OP Mainnet and using protocol reserves to repay bad debt held by insolvent accounts (accounts supplying less than $1.00 of assets) on Base and OP Mainnet.
MIP-X64
Summary: The second of two proposals submitted Thursday, MIP-X64 sought to begin the sunset of Moonwell’s Moonbeam deployment, specifically executing the “Before Sunset” phase; it removed the routes that point to Moonbeam so that no new governance messages nor xWELL bridge transfers are sent to a chain that is being wound down. Bridging out of Moonbeam remains fully enabled.
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: MAMO supply and cbBTC borrows are both up 13%, while AERO supply contracted 10% (utilization +15%), LBTC borrows are down 32%, and EURC supply and borrows are each down ~10%. There was $14.5K in collateral seized across 49 liquidation events.
- Ethereum: cbBTC borrows are up 87% and supply up 23% (utilization +52%), while USDC supply is down 11% and borrows down 21%; WETH supply contracted 6%. No liquidations this week.
- OP Mainnet: WETH supply is down 36% (borrows -19%), USDT0 borrows down 75% (utilization -67%), USDC supply down 20%, and VELO borrows down 70% with supply down 17%. Liquidations were insignificant (~$2 in one event).
- Moonbeam: No notable activity nor liquidations this week.
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Forum post: [Anthias Labs] Reserve Recommendations
Author: Anthias
Summary: Anthias provided the status of reserves for Base and OP Mainnet for the month of August. These included a bad debt repayment of ~$45.96K on Base and ~$3.98K on OP Mainnet.
Upcoming Events in Governance
Monthly Governance Call Rescheduling
The next Governance Call on X has been pushed back one week to Thursday, August 6th at 17:00 UTC.