Weekly Governance Recaps

Announcements & Updates Updates
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Weekly Governance Update: Week of March 3rd, 2025

Two Snapshots and one onchain proposal went up for a vote this week.

Proposals

Add MORPHO Market to Moonwell on Base

Summary: Last week, we covered 0xMims’ forum discussion on potentially adding a Core Market for Morpho’s governance token to Moonwell on Base. This week, on Monday, the proposal went up for a Snapshot vote. It was successful.

Add AVAIL Market to Moonwell on Base

Summary: During the week of January 27th, a forum proposal was created which sought to add a Core Market for AVAIL to Base. On Monday, it was submitted as a Snapshot proposal, which was successful.

MIP-O13

Summary: Following a forum discussion from Block Analitica at the end of January, this proposal sought to accept ownership of the Moonwell Flagship USDC Vault on Optimism mainnet.

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%: weETH (94.37%) and rETH (97.35%). The deployment had 14 asset liquidations in the past week: mcbBTC ($1.09M), mAERO ($308.94K), mWETH ($261.64K), mweETH ($132.81K), mEURC ($125.98K), mWELL ($48.65K), mUSDC ($32.44K), mwstETH ($26.81K), mcbETH ($23.35K), mLBTC ($2.96K), mrETH ($1.32K), mUSDS ($57.51), mwrsETH ($53.75), and mVIRTUAL ($22.93).
  • Optimism: Four assets had an average utilization of over 75%: USDC (88.83%), USDT (86.74%), DAI (85.43%), and WETH (89.82%). The deployment had eight asset liquidations in the past week: mVELO ($261.89K), mWETH ($36.00K), mwstETH ($7.65K), mrETH ($1.35K), mwrsETH ($993.16K), mOP ($424.80K), mcbETH ($243.76), and mweETH ($37.79).
  • Moonbeam: No assets had an average utilization of over 75%. The deployment had five asset liquidations in the past week: mGLMR ($11.94K), mETH.wh ($2.48K), mDOT ($1.52K), mUSDC.wh ($78.28), and mFRAX ($1.45).
  • Moonriver: One asset had an average utilization of over 75%: FRAX (88.25%). No liquidations were reported.

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.