Weekly Governance Update: Week of May 12th, 2025
No governance proposals went up for a vote this week.
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%: MORPHO (99.98%) and wrsETH (147.83%). The deployment had 11 asset liquidations in the past week: mcbBTC ($80.56K), mcbETH ($28.45K), mUSDC ($22.62K), mAERO ($21.67K), mEURC ($17.59K), mWETH ($3.40K), mVIRTUAL ($1.66K), mLBTC ($1.34K), mMORPHO ($780.74), mwstETH ($124.89), and mWELL ($50.83).
- Optimism: Four assets had an average utilization of over 75%: USDC (89.63%), USDT (81.06%), DAI (84.46%), and WETH (87.13%). The deployment had five asset liquidations in the past week: mUSDC ($5.40K), mWETH ($4.76K), mUSDT ($1.42K), mOP ($70.68), and mVELO ($43.71).
- Moonbeam: No assets had an average utilization of over 75%. The deployment had four asset liquidations in the past week: mGLMR ($131.23), mDOT ($5.64, mUSDC.wh ($1.76), and mFRAX ($0.34).
- Moonriver: One asset had an average utilization of over 75%: FRAX (93.69%). The deployment had one asset liquidation in the past week: mMOVR ($7.09).
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Forum post: New Coinbase Collateral Assets
Author: Luke Youngblood
Summary: Moonwell contributor Luke took to the forums on Wednesday to announce that four new blue chip collateral assets will be supported by Coinbase: cbXRP (Coinbase wrapped XRP/Ripple), cbDOGE (Coinbase wrapped DOGE), cbADA (Coinbase wrapped ADA/Cardano), and cbLTC (Coinbase wrapped LTC/Litecoin). Like cbBTC, he mentioned that they represent an opportunity for Moonwell support assets that have Coinbase’s unique blend of security and fungibility properties.
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Forum post: Gauntlet Monthly Recommendations
Author: Gauntlet
Summary: Wednesday, Gauntlet offered their monthly recommendations on risk parameters across the four Moonwell deployments.
- Base: Collateral factor was decreased for rETH. Reserve factor was increased for MORPHO. Supply Caps for wrsETH and MORPHO were increased. IR parameters were recommended to be adjusted for USDC, cbBTC, LBTC, tBTC, and VIRTUAL.
- Optimism: Supply Cap for wrsETH was increased. IR parameters were recommended to be adjusted for USDC, USDT, and DAI.
- Moonbeam: Borrow caps were decreased for WGLMR, xcUSDC, USDC.wh, and FRAX. Collateral factors were decreased for FRAX, USDC.wh, WBTC.wh, WGLMR, xcUSDC, and xcUSDT.
- Moonriver: Borrow caps were decreased for FRAX and WMOVR.
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Forum post: Gauntlet - Cap Recommendations
Author: Gauntlet
Summary: Gauntlet announced they would use Cap Guardian to change caps throughout the week:
- USDT0 (Optimism) Supply Cap from 1M to 5M and Borrow Cap from 900K to 4.5M.
Community & Integrations
Forum post: Anthias Labs to Join Moonwell as Risk Partner on Base Markets
Author: AnthiasLabs
Summary: On Thursday, Anthias Labs proposed to serve as a risk partner for Moonwell’s Base markets. Anthias Labs is an onchain advisory firm focused on DeFi risk management and system design; their listed partners include Felix Protocol, Arbitrum DAO, and Uniswap. They shared hypothetical risk recommendations for Moonwell for April. They are requesting $25,000/month.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of the month, May 29th.