# 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:** 50
**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 27, 2025, 2:49pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/50 "2025-01-27T14:49:47Z")
# **Weekly Governance Update: Week of January 20th, 2025** Four onchain proposals went up for a vote this week. All successfully passed their voting periods. ## **Proposals** [**MIP-X12**](https://moonwell.fi/governance/proposal/moonbeam?id=155) **Summary** : Gauntlet’s Monthly Recommendations post was covered in the [last weekly report](https://forum.moonwell.fi/t/weekly-governance-recaps/786/49). This week on Wednesday, MIP-X12 went live. These regular multi-chain proposals address risk parameters on Moonwell’s Base, Optimism, and Moonbeam deployments, including collateral factors and IR curves. [**MIP-B38**](https://moonwell.fi/governance/proposal/moonbeam?id=156) **Summary** : Following a successful [Snapshot](https://snapshot.moonwell.fi/#/proposal/0xef465f86d05ddbc07ba7f8fcbf995e48e4f0815cd298e4a1dbc20d1d695b0aa2) at the start of the month, the proposal to add a USDS Core Market to Moonwell on Base was the first of three proposals to go live on Thursday. [**MIP-B39**](https://moonwell.fi/governance/proposal/moonbeam?id=157) **Summary** : The second proposal to be submitted on Thursday was MIP-B39, which proposed adding a tBTC Core Market to Moonwell on Base. It previously passed a [Snapshot vote](https://snapshot.moonwell.fi/#/proposal/0x35815ddab865699c74ca9bd08786d46c2dc019f8fc6e167195a11207f420a770) earlier this month. [**MIP-B40**](https://moonwell.fi/governance/proposal/moonbeam?id=158) **Summary** : The third and final onchain proposal submitted Thursday was a progression of last month’s [LBTC Snapshot](https://snapshot.moonwell.fi/#/proposal/0x70217f7662620eb7e9aa324e2695cd4128ae17ce504a3fea1f845d89381c2d85). MIP-B40 sought to add a LBTC Core Market to Moonwell on Base. ## **Contributor Updates** **Forum post** : [Gauntlet Weekly Market Update](https://forum.moonwell.fi/t/gauntlet-weekly-market-updates/1273/16) **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** : Three assets had an average supply cap usage of over 75%: weETH (97.60%), rETH (84.4%), and wrsETH (93.04%). The deployment had 11 asset liquidations in the past week: mAERO ($1.75M), mWETH ($1.01M), mcbBTC ($175.06K), mweETH ($43.40K), mwstETH ($19.77K), mUSDC ($4.82K), mcbETH ($144.24), mwrsETH ($103.66), mrETH ($45.35), mDAI ($32.69), and mEURC ($2.64). - **Optimism** : Four assets had an average utilization of over 75%: USDC (90.09%), USDT (89.91%), DAI (90.31%), and WETH (88.97%). The deployment had eight asset liquidations in the past week: mVELO ($170.60K), mrETH ($7.08K), mwstETH ($6.25K), mWETH ($5.43K), mwrsETH ($1.36K), mOP ($1.09K), mDAI ($435.16), and mUSDT ($11.08). - **Moonbeam** : No assets had an average utilization of over 75%. The deployment had three asset liquidations in the past week: mGLMR ($152.15K), mDOT ($2.50K), and mETH.wh ($206.38). - **Moonriver** : One asset had an average utilization of over 75%: FRAX (87.22%). The deployment had two asset liquidations in the past week: mMOVR ($1.41K) and mxcKSM ($1.13K). … **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: - WELL (Base) Supply Cap from 75M to 150M ## **Community & Integrations** **Forum post** : Add vDOT Market to Moonwell on Moonbeam **Author** : [0xTPP](https://forum.moonwell.fi/u/0xtpp/summary) **Summary** : Early in the week, a forum post was created to discuss the possibility of adding a vDOT Core Market to Moonwell on Moonbeam. Bifrost, one of the largest Polkadot parachains, is a Liquid Staking app-chain. vDOT is a yield-bearing Liquid Staking Token (LST) issued by the Bifrost Staking Liquidity Protocol pallet and it represents staked DOT on the Polkadot Relay chain. ## **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)._