Weekly Governance Update: Week of Sep 28th, 2026
No onchain proposals went up for a vote this week.
Contributor Updates
Forum post: [Anthias Labs] Weekly Market Updates
Author: Anthias
Summary: Anthias posted a weekly update on Friday for the Moonwell markets covering the previous week.
- Base: Borrow caps remain at 0 across all markets, and utilization remains at cap on stablecoin and ETH markets (USDC 100%, cbETH 100%, USDS 100%, EURC 100%), with MORPHO utilization also reaching 100%. AERO supply is down -30% (borrows -9%), MORPHO supply -10% (borrows -8%), EURC supply and borrows each -6%, and USDC supply and borrows each -3%. There were 78 liquidation events seizing ~$9,340 in collateral.
- OP Mainnet: USDT borrows are down -65% (supply -53%) and VELO supply -7%, while WETH borrows are up +25%, wstETH supply +20%, and USDC borrows +18% (supply +14%). There were 4 liquidation events seizing ~$36 in collateral.
- Ethereum: Markets were largely flat week over week: USDC borrows +1% (supply -1%), USDT supply +1%, and WETH and cbBTC were unchanged. There were no liquidations.
Community & Integrations
Forum post: Moonwell Risk Framework — Collateral Graduation, Adversarial Stress Testing & Additional User Protection
Author: MrMadZ23
Summary: This discussion proposes a framework in which collateral earns Core Market borrowing power through demonstrated performance, moving from supply-only observation to isolated markets, limited Core, and mature Core, and moving back down if liquidity or oracle quality deteriorates. It also suggests stress-testing the capital needed to manipulate an asset against the value that could be extracted from Moonwell, testing for collateral-accounting attacks, monitoring thresholds that trigger defensive actions, an independent second review for higher-risk listings, stricter onboarding for tokenized equities and RWAs, and optional third-party coverage in the interface. The author is seeking feedback from Anthias, contributors, and delegates before turning it into a Snapshot or MIP.
Upcoming Events in Governance
Monthly Governance Call
Look for the announcement of the next governance call here on the forums, on X, and on Discord.