# 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:** 141
**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:** [October 19, 2026, 1:37pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/141 "2026-10-19T13:37:22Z")
## Weekly Governance Update: Week of Oct 12th, 2026 One onchain proposal went up for a vote this week. ### Proposals #### [MIP-X69](https://moonwell.fi/governance/proposal/ethereum?id=191) **Summary** : Anthias Labs’ September 29 [risk parameter recommendations](https://forum.moonwell.fi/t/anthias-labs-risk-parameter-recommendations/1759/24) went back onchain on Monday after the first submission missed quorum the week before, passed with 98.8% support, and were executed on Friday. The proposal makes 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%. **Quorum margin** : 119.9M WELL cast against a 100M WELL quorum (+19.9M). ### Contributor Updates **Forum post** : [[Anthias Labs] - Risk Parameter Recommendations](https://forum.moonwell.fi/t/anthias-labs-risk-parameter-recommendations/1759/25) **Author** : [Anthias](https://forum.moonwell.fi/u/anthiaslabs/summary) **Summary** : Anthias Labs shared their October risk parameter recommendations for Moonwell’s Core Markets on Thursday. The changes continue the gradual reductions begun in September and limit how much can be borrowed against collateral that can’t be reliably liquidated, ahead of any reopening of Base borrowing. - **Base** : MORPHO moves to a flat 1% borrow rate with a 99% reserve factor, in line with cbETH, VIRTUAL, cbXRP and cbBTC, now that about 90% of MORPHO debt sits in insolvent accounts and the market holds almost no cash. Ahead of the AERO token migration (Aerodrome and Velodrome are merging into a unified Aero platform, targeting an October 21 launch, with AERO converting 1:1 into the new token), the AERO supply cap drops from 20M to 1 wei, closing the market to new deposits while withdrawals stay open, and the AERO collateral factor decreases from 60% to 58%. Collateral factors also step down for WELL (45% to 35%), VIRTUAL (55% to 50%) and wrsETH (42% to 35%). Three small accounts with $118.54 of combined debt become newly liquidatable. Anthias will follow up with a plan for the legacy AERO market once the migration mechanics for onchain holders are published. - **OP Mainnet** : VELO collateral factor decreases from 55% to 50% ahead of the VELO to AERO conversion, OP from 60% to 55%, and wrsETH from 30% to 20%. No OP Mainnet account becomes newly liquidatable. A community member has asked in the thread how VELO collateral and loans are handled if the VELO price feed stops or its liquidity goes to zero. Delegates and community members, please weigh in on the forum. **Forum post** : [[Anthias Labs] Weekly Market Updates](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/87) **Author** : [Anthias](https://forum.moonwell.fi/u/anthiaslabs/summary) **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, MORPHO and MAMO markets, with VIRTUAL at ~89%. Markets were mostly flat week over week: USDC supply and borrows each -1%, MORPHO supply and borrows each -3%, WETH supply -3%, and VIRTUAL supply -2%, while AERO borrows fell -18% (supply -4%). Liquidations picked up: there were 118 liquidation events seizing ~$124,478 in collateral, almost all of it in USDC (69 events, ~$123,408). - **OP Mainnet** : VELO supply is down -61% (borrows -32%), OP supply -24% (borrows -33%), WETH supply -17%, USDC borrows -13% (supply -5%), and wstETH supply -9%. There were 2 liquidation events seizing ~$4 in collateral. - **Ethereum** : USDT supply is up +5% (borrows flat) and USDC borrows +4% (supply flat), while WETH and cbBTC were flat. No liquidations were reported. ### 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. --- _[View the full topic](https://forum.moonwell.fi/t/weekly-governance-recaps/786)._