Weekly Governance Recaps

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.