Weekly Governance Update: Week of July 27th, 2026
One onchain proposal went up for a vote this week.
Proposals
MIP-E02
Summary: Submitted onchain on Wednesday, this proposal sought to adjust the interest rate model (IRM) curve for the USDC and USDT markets on Ethereum mainnet, correcting the multiplier parameter to be set at 0.067.
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 (7/24/26 – 7/30/26).
- Base: AERO supply is up 5% and cbBTC supply is up 3%. There was $3,491 in collateral seized across 181 liquidation events.
- Ethereum: WETH borrows are up 13% (utilization +7%) and USDC borrows up 14%, while USDT supply contracted 17% and borrows down 20%. No liquidations this week.
- OP Mainnet: VELO supply is down 44% and borrows are down 74%; USDT0 borrows are up 85% (utilization +107%) and OP borrows are up 16%. There was ~$749 in collateral seized across 26 liquidation events.
- Moonbeam: Continued wind down ahead of the July 31st sunset.
Monthly Governance Call Rescheduling
The next Governance Call on X has been pushed back one week to Thursday, August 6th at 17:00 UTC.