Weekly Governance Recaps

Announcements & Updates Updates
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Weekly Governance Update: Week of Aug 10th, 2026

One onchain proposal went up for a vote this week.

Proposals

MIP-X65

Summary: The regular monthly reward speed proposal went onchain on Tuesday. It made changes to the following markets:

  • Base:
    • ETH: Decreased WELL Supply APR; increased WELL Borrow APR
    • USDC: Decreased WELL Supply APR; increased WELL Borrow APR
    • AERO: Increased WELL Supply and Borrow APR
    • cbBTC: Decreased WELL Supply and Borrow APR
    • EURC: This market is disabled in this epoch’s configuration.
    • WELL: This market is disabled in this epoch’s configuration.
    • tBTC: This market is disabled in this epoch’s configuration.
    • LBTC: Decreased WELL Supply and Borrow APR
    • VIRTUAL: Decreased WELL Supply and Borrow APR
    • MORPHO: This market is disabled in this epoch’s configuration.
    • cbXRP: Decreased WELL Supply and Borrow APR
    • MAMO: This market is disabled in this epoch’s configuration.
    • VVV: Decreased WELL Supply APR
  • Ethereum:
    • ETH: Decreased WELL Supply APR; increased WELL Borrow APR
    • USDC: Decreased WELL Supply and Borrow APR
    • USDT: Decreased WELL Supply and Borrow APR
    • cbBTC: Decreased WELL Supply and Borrow APR

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 (8/7/26 – 8/13/26).

  • Base: WETH supply is up 4%, WELL borrows are up 7%, and wstETH borrows up 7%, while USDC supply contracted 4% (utilization +4%), EURC supply is down 8%, and cbBTC borrows down 4%. There was $14,185 in collateral seized across 146 liquidation events.
  • Ethereum: USDT supply is up 20% and borrows up 24% (utilization up to ~57%), while USDC supply contracted 15% (utilization rose to ~72%), and borrows eased 5%. No liquidations this week.
  • OP Mainnet: USDT0 borrows fell 46% (utilization -46%) and rETH supply is down 14%, while OP borrows are up 6% and DAI supply contracted 13% (utilization +16%). Liquidations were negligible this week.

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