# Weekly Governance Recaps

**URL:** <https://forum.moonwell.fi/t/weekly-governance-recaps/786>\
**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:** 57

<div class="post-metadata">

**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:** [March 17, 2025, 2:30pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/57 "2025-03-17T14:30:04Z")

</div>

# **Weekly Governance Update: Week of March 10th, 2025**

One onchain proposal went up for a vote this week.

## **Proposals**

### [**MIP-X16 Automated Liquidity Incentive Proposal**](https://moonwell.fi/governance/proposal/moonbeam?id=164)

**Summary** : The regular monthly reward speed proposal went onchain on Wednesday. It made changes to the following markets and included ~$249K in reserves to auction based on [this proposal](https://snapshot.moonwell.fi/#/proposal/0x6acded65acc6e21394e3c92ecfc9f12651057966fa346387b1f5c69224cf8d62).

- **Base:**
  - **ETH:** Decreased WELL Supply and Borrow APR
  - **USDC:** Increased WELL Supply APR
  - **AERO:** Decreased WELL Supply and Borrow APR
  - **cbBTC:** Increased WELL Supply and Borrow APR
  - **EURC:** Decreased WELL Supply and Borrow APR
  - **WELL:** Increased WELL Supply and Borrow APR
  - **tBTC:** Increased WELL Supply and Borrow APR
  - **LBTC:** Increased WELL Supply and Borrow APR
  - **VIRTUAL:** Increased WELL Supply and Borrow APR

- **Optimism:**
  - **USDC:** Decreased WELL Supply and Borrow APR
  - **USDT:** Decreased WELL Supply and Borrow APR
  - **DAI:** Decreased WELL Supply and Borrow APR
  - **ETH:** Decreased WELL Supply and Borrow APR
  - **VELO:** Decreased WELL Borrow APR

- **Moonbeam:**
  - **GLMR:** Decreased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
  - **DOT:** Increased WELL Supply APR; increased GLMR Supply APR
  - **FRAX:** Increased WELL Supply and Borrow APR; increased GLMR Supply and Borrow APR
  - **USDC.wh:** Increased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
  - **xcUSDT:** Decreased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
  - **xcUSDC:** Decreased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR

- **Reserves to auction:**
  - **AERO (Base):** $249,185.23

## **Contributor Updates**

**Forum post** : [Gauntlet Weekly Market Update](https://forum.moonwell.fi/t/gauntlet-weekly-market-updates/1273/23)  
**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** : Two assets had an average supply cap usage of over 75%: weETH (90.90%) and rETH (95.20%). The deployment had 15 asset liquidations in the past week: mWELL ($369.26K), mcbBTC ($163.61K), mWETH ($72.21K), mAERO ($49.74K), mwstETH ($9.75K), mtBTC ($4.93), mUSDC ($4.20K), mVIRTUAL ($2.72K), mwrsETH ($2.48K), mweETH ($586.52), mcbETH ($472.25), mLBTC ($433.57), mEURC ($70.63), mrETH ($7.96), and mDAI ($6.40).
- **Optimism** : Four assets had an average utilization of over 75%: USDC (87.76%), USDT (81.07%), DAI (80.22%), and WETH (90.03%). The deployment had five asset liquidations in the past week: mVELO ($161.33K), mOP ($9.83K), mWETH ($1.64K), mwrsETH ($343.43), and mrETH ($0.49).
- **Moonbeam** : No assets had an average utilization of over 75%. The deployment had five asset liquidations in the past week: mGLMR ($22.17K), mDOT ($13.65K), mETH.wh ($9.73), mUSDC ($4.61), and mFRAX ($3.05).
- **Moonriver** : One asset had an average utilization of over 75%: FRAX (93.12%). The deployment had one asset liquidation in the past week: mMOVR ($114.50).

…

**Forum post** : [Gauntlet - Cap Recommendations](https://forum.moonwell.fi/t/gauntlet-caps-recommendation-proposals/1300/23)  
**Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary)  
**Summary** : Gauntlet announced they would use Cap Guardian to change caps throughout the week:

- rETH (Base) Supply Cap from 1320 to 2600

…

**Forum post** : Gauntlet [AVAIL Recommendations](https://forum.moonwell.fi/t/add-avail-market-to-moonwell-on-base/1538/7) and [USDe Recommendations](https://forum.moonwell.fi/t/add-usde-ethena-usd-token-to-moonwell-markets-on-base-and-optimism/1534/9)  
**Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary)  
**Summary** : Following last week’s successful [Snapshot](https://snapshot.moonwell.fi/#/proposal/0xdbff5aeeb8a79e7b79ce24bb857e60b95a05fbfbf1c40c867be218dafa734c93), Gauntlet advised **not** onboarding AVAIL as collateral in Moonwell’s Core Markets on Base, citing the asset’s liquidity, borrow demand, historical price resilience, and more. Similarly, the risk manager advised against adding Ethena USD as collateral on Moonwell’s Base and Optimism markets based on liquidity constraints and market depth.

## **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.

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