Weekly Governance Update: Week of February 24th, 2025
One onchain proposal went up for a vote this week.
Proposals
MIP-X15
Summary: Last week, we covered Gauntlet’s latest slate of monthly recommendations. This week, the proposal moved to an onchain vote. The proposal was successful.
Delegate Updates
Forum post: Add MORPHO Market to Moonwell on Base
Author: 0xMims
Summary: On Wednesday, Super Delegate 0xMims proposed the addition of a Core Market for Morpho’s governance token. Included in the post are benefits of adding the token, market risk, decentralization, and more.
Contributor Updates
Forum post: Gauntlet Weekly Market Update
Author: Gauntlet
Summary: Gauntlet posted a weekly update on Monday for the Moonwell markets covering the previous week.
- Base: Two assets had an average supply cap usage of over 75%: rETH (83.16%) and weETH (93.44%). The deployment had eight asset liquidations in the past week: mAERO ($35.48K), mWETH ($11.60K), mUSDC ($10.15K), mcbBTC ($6.00K), mVIRTUAL ($5.42K), mEURC ($1.52K), mWELL ($73.78), and mcbETH ($3.77).
- Optimism: Four assets had an average utilization of over 75%: USDC (90.04%), USDT (87.51%), DAI (86.89%), and WETH (89.56%). The deployment had four asset liquidations in the past week: mwstETH ($226.32K), mOP ($172.61), mWETH ($0.54) and mweETH ($0.53).
- Moonbeam: No assets had an average utilization of over 75%. No liquidations were reported.
- Moonriver: One asset had an average utilization of over 75%: FRAX (87.47%). No liquidations were reported.
Community & Integrations
Forum post: Aera Strategy Update
Author: Aera
Summary: Aera last created a proposal to migrate the Apollo Vault to Aera V2. This week, they announced that the vault on Polygon will transition from the volatility targeting strategy to the stablecoin yield strategy.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of next month, March 27th.