# 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:** 46
**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:** [December 23, 2024, 3:15pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/46 "2024-12-23T15:15:01Z")
# **Weekly Governance Update: Week of December 16th, 2024** Two Snapshot proposals and three onchain proposals went up for a vote this week. ## **Proposals** [**Add WELL to Market Core Market on Base**](https://snapshot.moonwell.fi/#/proposal/0x922b3a1415b2397969d3f1bf10e659682fb6d97714c06aa90d7e71159e52bd62) **Summary** : Last Monday, Moonwell Super Delegate @0xMims created a Snapshot proposal for adding a WELL Core Market to Moonwell on Base. Earlier this month, he posted a [forum discussion](https://forum.moonwell.fi/t/well-asset-listing/1442) that laid out the token information, risk assessment, decentralization, and more. The Snapshot was successful. [**Add LBTC to Moonwell Core Market on Base**](https://snapshot.moonwell.fi/#/proposal/0x70217f7662620eb7e9aa324e2695cd4128ae17ce504a3fea1f845d89381c2d85) **Summary** : Last Monday, Lombard Finance created a Snapshot proposal for adding an LBTC Core Market to Moonwell on Base. Earlier this month, @Maksym posted a [forum discussion](https://forum.moonwell.fi/t/add-lbtc-to-moonwell-core-market-on-base/1454) that laid out the token information, risk assessment, decentralization, and more. The Snapshot was successful. [**MIP-X09 Automated Liquidity Incentive Proposal**](https://moonwell.fi/governance/proposal/moonbeam?id=150) **Summary** : The first of two monthly reward speed proposals, MIP-X09 made changes to the following markets: - **Base:** - **ETH:** Increased WELL Supply APR and Borrow APR - **cbETH:** Decreased WELL Supply APR and Borrow APR - **USDC:** Increased WELL Supply APR - **wstETH:** Decreased WELL Supply APR and Borrow APR - **rETH:** Decreased WELL Supply APR and Borrow APR - **AERO:** Increased WELL Supply APR and Borrow APR - **weETH:** Decreased WELL Supply APR and Borrow APR - **cbBTC:** Decreased WELL Supply APR and Borrow APR - **EURC:** Increased WELL Supply APR and Borrow APR - **wrsETH:** Increased WELL Supply APR and Borrow APR - **Optimism:** - **USDC:** Decreased WELL Supply APR and Borrow APR; decreased OP Supply APR and Borrow APR - **USDT:** Decreased WELL Supply APR and Borrow APR; decreased OP Supply APR and Borrow APR - **DAI:** Decreased WELL Supply APR and Borrow APR; decreased OP Supply APR and Borrow APR - **ETH:** Increased WELL Supply APR and Borrow APR; decreased OP Supply APR and Borrow APR - **wstETH:** Decreased WELL Supply APR and Borrow APR; decreased OP Supply APR and Borrow APR - **cbETH:** Increased WELL Supply APR; increased OP Supply APR - **rETH:** Increased WELL Supply APR and Borrow APR; decreased OP Supply APR and Borrow APR - **OP:** Increased WELL Supply APR and Borrow APR; decreased OP Supply APR and Borrow APR - **weETH:** Increased WELL Supply APR and Borrow APR; increased OP Supply APR and Borrow APR - **VELO:** Decreased WELL Supply APR and increased WELL Borrow APR; decreased OP Supply APR and Borrow APR - **wrsETH:** Increased WELL Supply APR and Borrow APR; decreased OP Supply APR and Borrow APR - **Moonbeam:** - **GLMR:** Increased WELL Supply APR and Borrow APR; decreased GLMR Supply APR and Borrow APR - **DOT:** Increased WELL Supply APR and decreased WELL Borrow APR; increased GLMR Supply APR and decreased GLMR Borrow APR - **FRAX:** Decreased WELL Supply APR and Borrow APR; decreased GLMR Supply APR and Borrow APR - **ETH.wh:** Increased WELL Supply APR and Borrow APR; decreased GLMR Supply APR and Borrow APR - **USDC.wh:** Decreased WELL Supply APR and Borrow APR; decreased GLMR Supply APR and Borrow APR - **xcUSDT:** Decreased WELL Supply APR and Borrow APR; decreased GLMR Supply APR and Borrow APR - **xcUSDC:** Increased WELL Supply APR and Borrow APR; decreased GLMR Supply APR and Borrow APR [MIP-X10: Gauntlet’s Monthly Recommendations](https://moonwell.fi/governance/proposal/moonbeam?id=151) **Summary** : Wednesday, Gauntlet submitted a regular multichain proposal which made adjustments to several risk parameters across Moonwell’s Base, Optimism, and Moonbeam deployments. For the exact parameter adjustments, see our previous update [here](https://forum.moonwell.fi/t/weekly-governance-recaps/786/45). The proposal was successful. [**MIP-R30 Rebalancing of Moonriver Token Liquidity Incentives**](https://moonwell.fi/governance/proposal/moonriver?id=63) **Summary** : The second of two monthly reward speed proposals, MIP-R30 sought to make changes to the following markets: - **Moonriver:** - **MOVR:** Increased MFAM Supply APR; increased MOVR Supply APR - **xcKSM:** Decreased MFAM Supply APR; decreased MOVR Supply APR - **FRAX:** Decreased MFAM Supply APR; decreased MOVR Supply APR The proposal failed to reach quorum. ## **Contributor Updates** **Forum post** : [Gauntlet Weekly Market Update](https://forum.moonwell.fi/t/gauntlet-weekly-market-updates/1273/11) **Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary) **Summary** : Gauntlet posted a weekly update on Monday for the Moonwell markets covering the previous week. - **Base** : One asset had an average cap usage of over 75%: weETH (82.13% supply cap). The deployment had nine asset liquidations in the past week: mWETH ($726.30K), mcbBTC ($163.91K), mAERO ($115.75K), mEURC ($43.12K), mwstETH ($15.42K), mUSDC ($454.87), mcbETH ($369.38), mDAI ($56.16), and mrETH ($44.30). - **Optimism** : Four assets had an average utilization of over 75%: USDC (91.21%), USDT (90.09%), DAI (90.14%), and WETH (87.35%). The deployment had 11 asset liquidations in the past week: mWETH ($1.80M), mUSDC ($1.78M), mVELO ($53.24K), mwstETH ($37.75K), mOP ($16.81K), mweETH ($9.49K), mrETH ($5.76K), mWBTC ($1.14K), mUSDT ($1.11K), mwrsETH ($159.95), and mcbETH ($26.87). - **Moonbeam** : No assets had an average utilization of over 75%. The deployment had three asset liquidations in the past week: mGLMR ($81.94K), mDOT ($384.56), and mWBTC.wh ($267.84). - **Moonriver** : One asset had an average utilization of over 75%: FRAX (91.14%). The deployment had three asset liquidations in the past week: mFRAX ($2.33K), mMOVR ($1.86K), and mxcKSM ($1.74K). … **Forum post** : [Gauntlet - Cap Recommendations](https://forum.moonwell.fi/t/gauntlet-caps-recommendation-proposals/1300/15) **Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary) **Summary** : Gauntlet announced they would use Cap Guardian to change caps throughout the week: - wrsETH (Optimism) Supply Cap from 400 to 800 - rETH (Base) Supply Cap from 1200 to 2000 ## **Community & Integrations** **Forum post** : Block Analitica & B.Protocol: Moonwell Flagship Vaults - Monthly Recap **Author** : [BlockAnalitica](https://forum.moonwell.fi/u/blockanalitica/summary) **Summary** : The combined TVL of the ETH, USDC, and EURC vaults hit an all-time high in November and Morpho’s allocation model optimization upgrade worked as intended. The teams executed parameter adjustments, including increasing the wstETH/ETH supply cap and reducing the supply cap for rETH/ETH on the vaults on Morpho’s Base deployment. ## **Upcoming Events in Governance** ### **Monthly Governance Call** Look for the next Monthly Governance Call in Discord on the **second** Thursday of the month, January 9th. --- _[View the full topic](https://forum.moonwell.fi/t/weekly-governance-recaps/786)._