# 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:** 62

<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:** [April 21, 2025, 1:39pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/62 "2025-04-21T13:39:42Z")

</div>

# **Weekly Governance Update: Week of April 14th, 2025**

One onchain proposal went up for a vote this week.

## **Proposals**

### [**MIP-M43 Switching Moonwell’s GLMR Market to using API3’s OEV Enabled Data Feed for GLMR**](https://moonwell.fi/governance/proposal/moonbeam?id=172)

**Summary** : This proposal is a resubmission of MIP-M42, which sought to switch from Chainlink to API3’s OEV-enabled data feed for the GLMR Core Market on Moonbeam. If successful, API3 would distribute 80% of the OEV proceeds to Moonwell via the addReserves function. Although MIP-M42 was passed, it contained incorrectly configured calldata and it failed to execute. MIP-M43 was successful.

## **Contributor Updates**

**Forum post** : [Gauntlet Weekly Market Update](https://forum.moonwell.fi/t/gauntlet-weekly-market-updates/1273/28)

**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** : No assets had an average supply cap usage of over 75%: weETH (82.13%). The deployment had 14 asset liquidations in the past week: mWETH ($1.77M), mcbBTC ($306.15K), mcbETH ($232.49K), mUSDC ($100.59K), mAERO ($62.27K), mWELL ($40.22K), mrETH ($35.73K), mEURC ($11.35K), mwstETH ($8.26K), mVIRTUAL ($4.63K), mtBTC ($4.48K), mrwsETH ($134.52), mweETH ($48.65), and mDAI ($5.63).
- **Optimism** : Four assets had an average utilization of over 75%: USDC (82,75%), USDT (88.63%), DAI (84.15%), and WETH (90.09%). The deployment had seven asset liquidations in the past week: mVELO ($45.64K), mWETH ($5.31K), mwstETH ($2.09K), mOP ($1.37K), mweETH ($1.37K), mwrsETH ($121.39), and mrETH ($0.22).
- **Moonbeam** : No assets had an average utilization of over 75%. The deployment had six asset liquidations in the past week: mDOT ($22.62K), mGLMR ($9.43K), mETH.wh ($871.60), mWBTC.wh ($91.45), mxcUSDT ($37.72), and mFRAX ($0.33).
- **Moonriver** : One asset had an average utilization of over 75%: FRAX (86.31%). The deployment had two asset liquidations in the past week: mMOVR ($1.41K) and mxcKSM ($167.51).

…

**Forum post** : [Gauntlet Monthly Recommendations](https://forum.moonwell.fi/t/gauntlet-base-optimism-moonbeam-moonriver-monthly-recommendations-2025-04-17/1691)

**Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary)

**Summary** : Thursday, Gauntlet offered their monthly recommendations on risk parameters across the four Moonwell deployments.

- **Base** : Collateral factors were increased for USDC, EURC, cbBTC, LBTC, and tBTC. Reserve factors were decreased for cbBTC, LBTC, tBTC, and EURC. Supply cap and borrow cap for tBTC were increased. IR parameters were recommended to be adjusted for USDC and WETH.
- **Optimism** : Collateral factors were increased for USDC and USDT. IR parameters were recommended to be adjusted for USDC, USDT, DAI, and WETH.
- **Moonbeam** : Borrow caps were decreased for WGLMR, xcUSDC, USDC.wh, FRAX, and WETH.wh. Collateral factors were decreased for FRAX, USDC.wh, WETH.wh, WGLMR, and xcUSDC.
- **Moonriver** : No changes were recommended.

## **Community & Integrations**

**Forum post** : [Add LsETH Market to Moonwell on Base](https://forum.moonwell.fi/t/add-lseth-market-to-moonwell-on-base/1679)

**Author** : [Lukas\_LC](https://forum.moonwell.fi/u/Lukas_LC/summary)

**Summary** : Last week, LsETH was proposed by a community member to be added as a Moonwell Core Market. This week, Gauntlet advised [against](https://forum.moonwell.fi/t/add-lseth-market-to-moonwell-on-base/1679/2) onboarding the asset as collateral due to liquidity concentration and other factors.

## **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.

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_[View the full topic](https://forum.moonwell.fi/t/weekly-governance-recaps/786)._