# 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:** 51
**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:** [February 3, 2025, 2:51pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/51 "2025-02-03T14:51:41Z")
# **Weekly Governance Update: Week of January 27th, 2025** One onchain proposal went up for a vote this week. ## **Proposals** [**Add VIRTUAL Market to Moonwell on Base**](https://moonwell.fi/governance/proposal/moonbeam?id=159) **Summary** : In mid-January, 0xMims [proposed](https://forum.moonwell.fi/t/virtual-asset-listing/1505) adding VIRTUAL, the governance and utility token of Virtuals Protocol, to Moonwell. It progressed to a [Snapshot vote](https://snapshot.moonwell.fi/#/proposal/0x12acf638b8ca35ef1dd32045ab47cadfabcffd438a653cc72e590c6617852eed), which was successful; Gauntlet offered [recommendations](https://forum.moonwell.fi/t/virtual-asset-listing/1505/8) for the VIRTUAL Core Market before it moved to an [onchain vote](https://moonwell.fi/governance/proposal/moonbeam?id=159) on January 29th. ## **Contributor Updates** **Forum post** : [Gauntlet Weekly Market Update](https://forum.moonwell.fi/t/gauntlet-weekly-market-updates/1273/17) **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 (96.42%), rETH (90.49%), and wrsETH (90.75%). The deployment had nine asset liquidations in the past week: mAERO ($1.21M), mWELL ($117.40K), mcbBTC ($93.18K), mUSDC ($15.17K), mWETH ($2.99K), mwstETH ($1.30K), mcbETH ($865.09), mEURC ($259.20), and mDAI ($3.72). - **Optimism** : Four assets had an average utilization of over 75%: USDC (90.15%), USDT (89.94%), DAI (90.49%), and WETH (89.80%). The deployment had five asset liquidations in the past week: mwstETH ($143.79K), mVELO ($37.54K), mOP ($283.24), mWETH ($116.98), and mUSDT ($15.12). - **Moonbeam** : No assets had an average utilization of over 75%. The deployment had four asset liquidations in the past week: mGLMR ($3.71K), mWBTC.wh ($80.70), mUSDC.wh ($63.74), and mETH.wh ($24.94). - **Moonriver** : One asset had an average utilization of over 75%: FRAX (88.62%). The deployment had seven asset liquidations in the past week: mxcKSM ($2.30K), mMOVR ($535.67), mUSDC ($87.35), mETH ($32.80), mUSDT ($25.88), mWBTC ($20.64), and mFRAX ($1.14). … **Forum post** : [Increasing Governance Participation (and Rewarding Voters) Part 2](https://forum.moonwell.fi/t/increasing-governance-participation-and-rewarding-voters-part-2/1525) **Author** : [Luke](https://forum.moonwell.fi/u/Luke/summary) **Summary** : On Monday, Luke created a forum discussion about a proposal that is acting as a follow-up to October’s “[Increasing Governance Participation](https://forum.moonwell.fi/t/increasing-governance-participation/1275)” proposal. He first brought up the protocol’s status as a top revenue generator in DeFi before proposing that excess revenue could be used to reward Safety Module stakers. It would be auctioned off for WELL and used to bolster the Safety Module Ecosystem Reserve. ## **Community & Integrations** **Forum post** : [Switching Moonwell’s GLMR Market to using API3’s OEV Enabled Data Feed for GLMR](https://forum.moonwell.fi/t/switching-moonwells-glmr-market-to-using-api3s-oev-enabled-data-feed-for-glmr/1530) **Author** : [dav3](https://forum.moonwell.fi/u/dav3/summary) **Summary** : On January 28th, dav3 from API3 - a previous guest on the [Great OEV Debate governance call](https://www.youtube.com/watch?v=UIqNapXXrqA&t=525s) - created a forum discussion on potentially integrating a proof of concept alternative oracle on the GLMR market on Moonbeam. … **Forum post** : Block Analitica & B.Protocol: Moonwell Flagship Vaults - Monthly Recap ([December](https://forum.moonwell.fi/t/block-analitica-b-protocol-moonwell-flagship-vaults-monthly-recap-december-2024/1535) and [January](https://forum.moonwell.fi/t/block-analitica-b-protocol-moonwell-flagship-vaults-monthly-recap-january-2025/1551)) **Author** : [BlockAnalitica](https://forum.moonwell.fi/u/BlockAnalitica/summary) **Summary** : Block Analitica posted their monthly recaps for Moonwell’s Flagship Vaults this week. In December, the teams [launched](https://forum.moonwell.fi/t/launch-moonwell-frontier-cbbtc-morpho-vault-on-base/1451) the Moonwell Frontier cbBTC vault and the community [voted](https://moonwell.fi/governance/proposal/moonbeam?id=149) to extend the WELL token reward program for another six months. In this recap, the team highlights the automated reallocations and parameter adjustments which were executed for growth and security reasons. Those adjustments included increasing the cbBTC/USDC Supply Cap for the Flagship Vaults on Morpho’s Base deployment and increasing the Supply Cap for cbETH, cbBTC, WETH, and wstETH for the USDC vault. In January, the summary notes increased borrowing demand for ETH and the resultant increase in APY on the Flagship ETH Vault. They also noted the increase in USDC demand after the Coinbase integration on January 16th. … **Forum post** : [Add AVAIL Market to Moonwell on Base](https://forum.moonwell.fi/t/add-avail-market-to-moonwell-on-base/1538) **Author** : [ri5hitripathi](https://forum.moonwell.fi/u/ri5hitripathi/profile-hidden) **Summary:** On Friday, a forum proposal was created which sought to create a Core Market for AVAIL on Base. AVAIL is the utility token of Avail Network, a modular data availability layer. Included in the post is the market risk assessment, decentralization, smart contract risk, and other MALF factors. … **Forum post** : [Proposal to Launch Moonwell Flagship USDC Vault on Optimism](https://forum.moonwell.fi/t/proposal-to-launch-moonwell-flagship-usdc-vault-on-optimism/1540) **Author** : [BlockAnalitica](https://forum.moonwell.fi/u/BlockAnalitica/summary) **Summary** : Coming after the successful launch of the Moonwell Flagship and Frontier Vaults on Base, Block Analitica has proposed an activation of the Flagship USDC Vault on Optimism. Some of the leading reasons behind the proposal include deepening the network liquidity for the stablecoin on OP mainnet and maintaining Moonwell’s position as a leading contributor to the Morpho ecosystem. ## **Upcoming Events in Governance** ### **Monthly Governance Call** Look for the next Monthly Governance Call **on Twitter** on the **first Thursday** of the month, February 6th. --- _[View the full topic](https://forum.moonwell.fi/t/weekly-governance-recaps/786)._