Weekly Governance Recaps

Announcements & Updates Updates
140

Weekly Governance Update: Week of Oct 5th, 2026

Two onchain proposals went up for a vote this week.

Proposals

MIP-X69

Summary: Anthias Labs’ September 29 risk parameter recommendations went onchain on Wednesday but did not reach quorum, so the proposal will be resubmitted. It would make the following changes:

  • Base: WELL collateral factor decreased to 45%, MORPHO to 40%, VIRTUAL to 55%, wrsETH to 42%, and MAMO to 0%. cbBTC moves to a flat 1% borrow rate with a 99% reserve factor.
  • OP Mainnet: VELO collateral factor decreased to 55%, OP to 60%, wrsETH to 30%, and cbETH and WBTC to 0%.

Watch for the resubmission on X and Discord, and please vote early.

MIP-X70

Summary: The automated monthly liquidity incentive proposal went onchain on Wednesday and passed. It made changes to the following markets:

  • Base:
    • ETH: Decreased WELL Supply APR
    • USDC: Decreased WELL Supply APR
    • wstETH: Increased WELL Supply APR
    • cbBTC: Decreased WELL Supply APR
  • Ethereum:
    • ETH: Decreased both WELL Supply and WELL Borrow APR
    • USDC: Decreased both WELL Supply and WELL Borrow APR
    • USDT: Decreased both WELL Supply and WELL Borrow APR
    • cbBTC: Decreased both WELL Supply and WELL Borrow APR

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 the USDC, EURC, USDS, cbETH and MAMO markets, with MORPHO at 99.92%. Markets were largely flat week over week: USDC supply and borrows each -1%, WETH supply and borrows each -2%, USDS supply and borrows each -4%, and AERO supply -2%. There were 92 liquidation events seizing ~$2,726 in collateral.
  • OP Mainnet: WETH borrows are down -85% (supply -4%), wstETH supply -67%, DAI borrows -33% (supply -4%), USDC supply -20% (borrows -18%), and VELO borrows -9% (supply -6%). There were 8 liquidation events seizing ~$7,410 in collateral.
  • Ethereum: USDC supply is up +11% (borrows +3%) and cbBTC borrows +9% (supply +5%), while USDT supply rose +2% (borrows -1%) and WETH was flat. No liquidations were reported.

Community & Integrations

Forum post: Integrate a Fixed-Rate Layer into Moonwell, Powered by Kairos

Author: vince

Summary: Kairos co-founders Vincent DePalma and Thomas Harrison proposed integrating Kairos, an onchain interest rate swap protocol, as a fixed-rate layer for Moonwell, so borrowers and lenders could lock in fixed rates on top of Moonwell’s variable-rate markets. The thread has no replies yet. Delegates and community members, please share your feedback on the forum.

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.