Weekly Governance Update: Week of March 24th, 2025
One onchain proposal went up for a vote this week.
Proposals
MIP-X18
Summary: Last week, we covered Gauntlet’s latest slate of monthly recommendations. This week, the proposal moved to an onchain vote. It was successful.
Delegate Updates
Forum post: sUSDS Asset Listing
Author: 0xMims
Summary: On Tuesday, 0xMims created a forum proposal outlining the addition of Sky Protocol’s (formerly MakerDAO) Savings USDS stablecoin to the Core Markets on Base. Included in the post are benefits to the Moonwell community, decentralization, market risk, 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: One asset had an average supply cap usage of over 75%: weETH (90.20%). The deployment had seven asset liquidations in the past week: mUSDC ($5.34K), mrETH ($511.40), mAERO ($491.70), mWETH ($440.41), mWELL ($225.70), mcbETH ($3.20), and mDAI ($2.00).
- Optimism: Four assets had an average utilization of over 75%: USDC (83.86%), USDT (78.59%), DAI (83.43%), and WETH (89.47%). The deployment had two asset liquidations in the past week: mOP ($448.37) and mUSDC ($2.13).
- 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 (91.61%). No liquidations were reported.
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Forum post: Gauntlet - MORPHO Recommendations
Author: Gauntlet
Summary: Following a successful Snapshot earlier this month, Gauntlet provided the community with parameter recommendations for onboarding MORPHO as collateral on Base.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of the month, April 24th.