# 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:** 49
**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 20, 2025, 2:40pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/49 "2025-01-20T14:40:41Z")
# **Weekly Governance Update: Week of January 13th, 2025** Two onchain proposals and one Snapshot went up for a vote this week. ## **Proposals** [**MIP-O12: Solidity Labs’ Oracle Extracted Value (OEV) Solution on ETH Core Market on Optimism**](https://moonwell.fi/governance/proposal/moonbeam?id=153) **Summary** : This proposal sought to implement Solidity Labs’ OEV Solution on the ETH Core Market on Optimism. The solution seeks to improve how liquidations occur on Moonwell, ensuring a more efficient capture of revenue from liquidation events. With this proposal, Moonwell would introduce an “MEV tax”, charging liquidators for priority access to update price feeds and execute liquidations. It is initially limited to the ETH Core Market on Optimism as a test. The proposal was successful. [**Add VIRTUAL to Moonwell Core Market on Base**](https://snapshot.moonwell.fi/#/proposal/0x12acf638b8ca35ef1dd32045ab47cadfabcffd438a653cc72e590c6617852eed) **Summary** : Wednesday, 0xMims’ previous [discussion](https://forum.moonwell.fi/t/virtual-asset-listing/1505) on adding a Core Market for the governance and utility token of Virtuals Protocol progressed to a Snapshot signal vote. The Snapshot was successful. [**MIP-X11 Automated Liquidity Incentive Proposal**](https://moonwell.fi/governance/proposal/moonbeam?id=154) **Summary** : The regular monthly reward speed proposal went onchain on Wednesday. It made changes to the following markets: - **Base:** - **ETH:** Increased WELL Supply APR and Borrow APR - **USDC:** Increased WELL Supply APR - **AERO:** Decreased WELL Supply APR and Borrow APR - **cbBTC:** Decreased WELL Supply APR and Borrow APR - **EURC:** Increased WELL Supply APR and Borrow APR - **WELL:** Increased WELL Supply APR and Borrow APR; increased USDC Borrow APR - **Optimism:** - **USDC:** Increased 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:** Increased 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 - **VELO:** Increased WELL Borrow APR; decreased OP Borrow APR - **Moonbeam:** - **GLMR:** Decreased WELL Supply APR and Borrow APR; decreased GLMR Supply APR and Borrow APR - **DOT:** Increased WELL Supply APR; increased GLMR Supply APR - **FRAX:** Decreased WELL Supply APR and Borrow APR; decreased GLMR Supply APR and Borrow APR - **ETH.wh:** Decreased WELL Borrow APR; decreased GLMR Borrow APR - **USDC.wh:** Decreased WELL Supply APR and Borrow APR; decreased GLMR Supply APR and Borrow APR - **xcUSDT:** Increased 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 ## **Contributor Updates** **Forum post** : [Gauntlet Weekly Market Update](https://forum.moonwell.fi/t/gauntlet-weekly-market-updates/1273/15) **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** : Three assets had an average supply cap usage of over 75%: weETH (98.37%), rETH (79.64%), and wrsETH (91.82%). The deployment had eight asset liquidations in the past week: mAERO ($369.01K), mcbBTC ($185.97K), mWETH ($27.84K), mcbETH ($19.68K), mUSDC ($16.64K), mrETH ($1.78K), mwstETH ($11.06), and mDAI ($0.34). - **Optimism** : Four assets had an average utilization of over 75%: USDC (89.24%), USDT (89.71%), DAI (90.96%), and WETH (86.73%). The deployment had six asset liquidations in the past week: mVELO ($32.00K), mWETH ($12.43K), mOP ($1.25K), mwstETH ($68.84), mrETH ($0.88), and mweETH ($0.17). - **Moonbeam** : No assets had an average utilization of over 75%. The deployment had two asset liquidations in the past week: mGLMR ($82.13K) and mDOT ($1.67K). - **Moonriver** : One asset had an average utilization of over 75%: FRAX (88.51%). The deployment had one asset liquidation in the past week: mMOVR ($975.72). … **Forum post** : [Gauntlet Monthly Recommendations](https://forum.moonwell.fi/t/gauntlet-base-optimism-moonbeam-moonriver-monthly-recommendations-2025-01-15/1510) **Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary) **Summary** : Wednesday, Gauntlet offered their monthly recommendations on risk parameters across the four Moonwell deployments. - **Base** : Supply caps for wrsETH and rETH were increased. The reserve factor for DAI was increased to 100%. IR parameters were recommended to be adjusted for USDC and cbBTC. - **Optimism** : Supply caps for weETH and VELO were increased. Borrow cap for WEETH was increased. Collateral factor for weETH was increased while the collateral factor for WBTC was decreased. IR parameters were recommended to be adjusted for USDC, USDT, and DAI. - **Moonbeam** : Collateral factors for USDC.wh, WETH.wh, and WBTC.wh were decreased. - **Moonriver** : No changes were recommended. … **Forum post** : [Gauntlet] - Various Asset Recommendations **Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary) **Summary** : Following a successful [Snapshot vote](https://snapshot.moonwell.fi/#/proposal/0x70217f7662620eb7e9aa324e2695cd4128ae17ce504a3fea1f845d89381c2d85) last month, Gauntlet added their [recommendations](https://forum.moonwell.fi/t/add-lbtc-to-moonwell-core-market-on-base/1454/2) for an LBTC Core Market on Base. Included in the post are recommended supply/borrow caps, collateral factor, IR curve parameters, and more. Around the same time, the team published similar [recommendations](https://forum.moonwell.fi/t/tbtc-asset-listing/1497/3) for Threshold Network’s tBTC. This comes after a successful [Snapshot](https://snapshot.moonwell.fi/#/proposal/0x35815ddab865699c74ca9bd08786d46c2dc019f8fc6e167195a11207f420a770) earlier this month. Finally, Gauntlet added their [recommendations](https://forum.moonwell.fi/t/usds-asset-listing/1485/4) for a USDS market on Base following a [Snapshot](https://snapshot.moonwell.fi/#/proposal/0xef465f86d05ddbc07ba7f8fcbf995e48e4f0815cd298e4a1dbc20d1d695b0aa2) from Super Delegate 0xMims. … **Forum post** : [Gauntlet - Cap Recommendations](https://forum.moonwell.fi/t/gauntlet-caps-recommendation-proposals/1300/18) **Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary) **Summary** : Gauntlet announced they would use Cap Guardian to change caps throughout the week: - weETH (Optimism) Supply Cap from 540 to 1100 ## **Upcoming Events in Governance** ### **Monthly Governance Call** Look for the next Monthly Governance Call in Discord on the **first** Thursday of the month, February 6th. --- _[View the full topic](https://forum.moonwell.fi/t/weekly-governance-recaps/786)._