# Weekly Governance Recaps

**URL:** <https://forum.moonwell.fi/t/weekly-governance-recaps/786>\
**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:** 48

<div class="post-metadata">

**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:** [January 13, 2025, 3:08pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/48 "2025-01-13T15:08:14Z")

</div>

# **Weekly Governance Update: Week of January 6th, 2024**

One Snapshot and one onchain proposal went up for a vote this week.

## **Proposals**

[**Add tBTC to Moonwell Core Market on Base**](https://snapshot.moonwell.fi/#/proposal/0x35815ddab865699c74ca9bd08786d46c2dc019f8fc6e167195a11207f420a770)

**Summary** : Last week, we covered Threshold Network’s tBTC asset listing forum discussion. This week, the proposal progressed to a Snapshot signal vote. On January 9th, the proposal successfully passed.

[**MIP-B37: Add WELL Market to Moonwell on Base**](https://moonwell.fi/governance/proposal/moonbeam?id=152)

**Summary** : Following a successful [Snapshot proposal](https://snapshot.moonwell.fi/#/proposal/0x922b3a1415b2397969d3f1bf10e659682fb6d97714c06aa90d7e71159e52bd62) and the posting of Gauntlet’s [recommendations](https://forum.moonwell.fi/t/well-asset-listing/1442/7), the proposal to add a WELL Core Market to Moonwell on Base went onchain on January 8th. The proposal was successful.

## **Delegate Updates**

**Forum post** : [**VIRTUAL Asset Listing**](https://forum.moonwell.fi/t/virtual-asset-listing/1505)

**Author** : [0xMims](https://forum.moonwell.fi/u/0xMims/summary)

**Summary** : On Sunday, Super Delegate 0xMims proposed adding VIRTUAL, the governance and utility token of Virtuals Protocol, to Moonwell. Included in his proposal are benefits to the Moonwell community, market metrics, decentralization, and more.

## **Contributor Updates**

**Forum post** : [Gauntlet Weekly Market Update](https://forum.moonwell.fi/t/gauntlet-weekly-market-updates/1273/14)

**Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary)

**Summary** : Gauntlet posted a weekly update on Tuesday for the Moonwell markets covering the previous week.

- **Base** : Two asset had an average supply cap usage of over 75%: weETH (99.77%) and rETH (84.04%). The deployment had nine asset liquidations in the past week: mWETH ($66.41K), mAERO ($43.17K), mwstETH ($13.34K), mcbETH ($3.38K), mcbBTC ($971.81), mUSDC ($431.49), mEURC ($13.06), mDAI ($11.96), and mrETH ($7.75).
- **Optimism** : Four assets had an average utilization of over 75%: USDC (90.35%), USDT (83.14%), DAI (90.00%), and WETH (87.05%). The deployment had five asset liquidations in the past week: mwrsETH ($51.66K), mWETH ($3.88K), mVELO ($3.43K), mrETH ($293.57), and mDAI ($3.99).
- **Moonbeam** : No assets had an average utilization of over 75%. The deployment had two asset liquidations in the past week: mGLMR ($3.45K) and mDOT ($3.01K).
- **Moonriver** : One asset had an average utilization of over 75%: FRAX (87.94%). The deployment had one asset liquidation in the past week: mMOVR ($2.76).

…

**Forum post** : [Gauntlet’s WELL Recommendations](https://forum.moonwell.fi/t/well-asset-listing/1442/7)

**Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary)

**Summary** : Following a successful [Snapshot proposal](https://snapshot.moonwell.fi/#/proposal/0x922b3a1415b2397969d3f1bf10e659682fb6d97714c06aa90d7e71159e52bd62) from 0xMims, Gauntlet has offered their recommendations for the proposed WELL Core Market on Base. Included in the comment are recommended supply/borrow caps, collateral factors, IR curve parameters, and more.

## **Community & Integrations**

**Forum post** : [Lombard LBTC Risk Assessment by Block Analitica](https://forum.moonwell.fi/t/launch-moonwell-frontier-cbbtc-morpho-vault-on-base/1451/3?)

**Author** : [BlockAnalitica](https://forum.moonwell.fi/u/blockanalitica/summary)

**Summary** : Following last month’s [successful Snapshot](https://snapshot.moonwell.fi/#/proposal/0x70217f7662620eb7e9aa324e2695cd4128ae17ce504a3fea1f845d89381c2d85), Block Analitica offered their risk analysis for Lombard Finance’s proposed LBTC Core Market on Base.

## **Upcoming Events in Governance**

### **Monthly Governance Call**

The [governance call for January](https://www.youtube.com/watch?v=MyCKydkaZBQ) is now available on YouTube.

Look for the next Monthly Governance Call in Discord on the **first** Thursday of each month. The next call is on February 6th.

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_[View the full topic](https://forum.moonwell.fi/t/weekly-governance-recaps/786)._