# Weekly Governance Recaps **URL:** \ **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:** 13
**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:** [April 29, 2024, 2:02pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/13 "2024-04-29T14:02:54Z")
# Weekly Governance Update: Week of April 22, 2024 The fourth week of April included risk analysis and cap adjustments from Gauntlet, along with the next steps in adding a proposed AERO market on Base. **Here are the highlights:** ## Contributor Updates **Forum post:** [Add AERO Market on Base](https://forum.moonwell.fi/t/add-aero-market-on-base/873) **Author:** [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary) **Summary:** On Monday, Gauntlet created a follow-up [Snapshot signal vote](https://snapshot.moonwell.fi/#/proposal/0x6e63054d8180e2a6da3adc32d0b376dbc9a48e46e215c7f88974fc10cd198877) based on last week’s forum post. The proposal details adding an AERO market to Moonwell on Base (covered in the [weekly update](https://forum.moonwell.fi/t/weekly-governance-recaps/786/12?)). In the post, Gauntlet offered risk analysis and provided a rationale behind this effort, including the strong market performance and liquidity of AERO. **Outcome:** The Snapshot proposal successfully passed with 94.09% consensus. … **Forum post:** [Gauntlet Guardian - WETH and USDC Supply and Borrow Caps](https://forum.moonwell.fi/t/gauntlet-guardian-weth-and-usdc-supply-and-borrow-caps-2024-4-22/885) **Author:** [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary) **Summary:** Gauntlet announced on Monday that they will use Cap Guardian to increase the supply caps for WETH and USDC from 28,000 to 40,000 and 40,000,000 to 56,000,000, respectively. The WETH and USDC borrow caps were also increased from 20,000 to 28,000 and 36,400,00 to 52,000,000, respectively. You can find the Base transactions [here](https://basescan.org/tx/0x1ec5d8ccb065a03304b7f372f55312b5db64246b8ff03c8bc73c8afa6f67dbc7) and [here](https://basescan.org/tx/0xfc8f77574b63543c4884843248902bed3db8e7fc25eb5696cc7631f52494422e). … **Forum post:** [Gauntlet Guardian - rETH Caps](https://forum.moonwell.fi/t/gauntlet-guardian-reth-caps-2024-04-26/889) **Author:** [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary) **Summary:** Gauntlet announced on Friday that they will use Cap Guardian to increase the rETH borrow cap from 700 to 1000 and the rETH supply cap from 200 to 250. Cited reasons include the caps reaching \>75% utilization and an exponential increase in the circulating supply on Base. You can find the transactions [here](https://basescan.org/tx/0x36023734267d0ca4241e9dba86de20d85e488612875a99d09586df687365948b#eventlog) and [here](https://basescan.org/tx/0xd91d3a49415c70ad8603dc1203e059e5aa6ef8323285968d853d65e75f807f04#eventlog). … ## Upcoming Events in Governance ### Monthly Governance Call **First Thursday of May** Look for the next Monthly Governance Call in Discord on the first Thursday, May 2nd. --- _[View the full topic](https://forum.moonwell.fi/t/weekly-governance-recaps/786)._