# Weekly Governance Recaps **URL:** \ **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:** 69
**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:** [June 9, 2025, 1:55pm UTC](https://forum.moonwell.fi/t/weekly-governance-recaps/786/69 "2025-06-09T13:55:29Z")
# **Weekly Governance Update: Week of June 2nd, 2025** One onchain proposal and two Snapshot proposals went up for a vote this week. ## **Proposals** ### [**MIP-X23 Automated Liquidity Incentive Proposal**](https://moonwell.fi/governance/proposal/moonbeam?id=179) **Summary** : The regular monthly reward speed proposal went onchain on Thursday. It made changes to the following markets and included ~$204K in reserves to auction off. - **Base:** - **ETH:** Increased WELL Supply and Borrow APR - **USDC:** Decreased 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:** Decreased WELL Supply and Borrow APR - **tBTC:** Decreased WELL Supply and Borrow APR - **LBTC:** Increased WELL Supply and Borrow APR - **VIRTUAL:** Decreased WELL Supply and Borrow APR - **MORPHO:** Decreased WELL Supply and Borrow APR - **Optimism:** - **USDC:** Increased WELL Supply APR; decreased OP Supply APR - **USDT:** Decreased WELL Supply APR; decreased OP Supply APR - **DAI:** Decreased WELL Supply APR; decreased OP Supply APR - **ETH:** Increased WELL Supply APR; decreased OP Supply APR - **wstETH:** Increased WELL Supply APR; decreased OP Supply APR - **rETH:** Increased WELL Supply APR; decreased OP Supply APR - **OP:** Increased WELL Supply APR; increased OP Supply APR - **weETH:** Increased WELL Supply APR; increased OP Supply APR - **VELO:** Increased WELL Supply APR; decreased OP Supply APR - **wrsETH:** Decreased WELL Supply APR; decreased OP Supply APR - **USDT0:** Increased WELL Supply APR; increased OP Supply APR - **Moonbeam:** - **GLMR:** Decreased WELL Supply and Borrow APR; increased GLMR Supply and Borrow APR - **DOT:** Decreased WELL Supply APR; increased GLMR Supply APR - **FRAX:** Decreased WELL Supply and Borrow APR; increased GLMR Supply and Borrow APR - **USDC.wh:** Decreased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR - **xcUSDT:** Decreased WELL Supply and Borrow APR; increased GLMR Supply and Borrow APR - **xcUSDC:** Decreased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR ### [**Add cbXRP Market to Moonwell on Base**](https://snapshot.moonwell.fi/#/proposal/0x9dc09a532725cabbd441306d52e946a3cd4e37fbd838b3f9f2fff1280e4ff61c) **Summary** : On Thursday, Super Delegate Coolhorsegirl created a [forum post](https://forum.moonwell.fi/t/add-cbdoge-market-to-moonwell-on-base/1754) outlining the potential addition of a cbXRP Core Market to Moonwell on Base. cbXRP is Coinbase Wrapped XRP, a fully‑collateralized ERC‑20 representation of XRP that is minted and redeemed 1‑for‑1 through Coinbase. For more information, including market risk and other factors, see the forum post above. ### [**Add cbDOGE Market to Moonwell on Base**](https://snapshot.moonwell.fi/#/proposal/0x53a98b610b9fc3cbe13de24c78f30f6613e1a0224b1a4ae94da5ea95d0680165) **Summary** : Similar to the cbXRP post, this proposal from Coolhorsegirl sought feedback on the potential addition of a cbDOGE Core Market to Moonwell on Base. Later that day, Gauntlet posted their [recommendations](https://forum.moonwell.fi/t/add-cbxrp-market-to-moonwell-on-base/1753/2) for onboarding the asset as collateral. ## **Contributor Updates** **Forum post** : [Rolling over to the new Pendle PT-LBTC pool (25 September 2025 expiry)](https://forum.moonwell.fi/t/launch-moonwell-frontier-cbbtc-morpho-vault-on-base/1451/4) **Author** : [BlockAnalitica](https://forum.moonwell.fi/u/BlockAnalitica/summary) **Summary** : Monday, BlockAnalitica created a proposal which sought to introduce a new [Pendle LBTC pool](https://app.pendle.finance/trade/pools/0x4eae2e40c6612005214ea919cc7653da853ed409/zap/in?chain=base) on Base to borrowers utilizing PT-LBTC tokens as collateral on Morpho. The previous pool reached its expiry date. The new Morpho market’s parameters were proposed in the post. … **Forum post** : [[Anthias Labs] - Minimum Reserves Recommendations](https://forum.moonwell.fi/t/anthias-labs-minimum-reserves-recommendations/1745) **Author** : [AnthiasLabs](https://forum.moonwell.fi/u/anthiaslabs/summary) **Summary** : On Monday, Anthias Labs posted a report including recommendations for setting June’s minimum reserves in Moonwell’s Base Core Markets. The team will deliver monthly updates and proposals to optimize reserve levels, ensuring the protocol remains safe in the face of bad debt. … **Forum post** : [Gauntlet Weekly Market Update](https://forum.moonwell.fi/t/gauntlet-weekly-market-updates/1273/35) **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 asset had an average supply cap usage of over 75%. The deployment had 11 asset liquidations in the past week: mLBTC ($791.01K), mAERO ($42.94K), mUSDC ($36.34K), mWETH ($25.31K), mVIRTUAL ($10.46K), mcbBTC ($3.04K), mwstETH ($1.15K), mtBTC ($223.12), mWELL ($161.98), mEURC ($45.74), and mrETH ($4.99). - **Optimism** : One asset had an average utilization of over 75%: WETH (90.32%). The deployment had four asset liquidations in the past week: mVELO ($20.66K), mWETH ($5.04K), mUSDT0 ($2.07K), and mOP ($450.45). - **Moonbeam** : One asset had an average utilization of over 75%: USDC.wh ($107.81). The deployment had seven asset liquidations in the past week: mDOT ($5.97K), mGLMR ($1.68K), mxcUSDC ($1.50K), [mUSDC.wh](http://musdc.wh) ($660.82), mFRAX ($32.94), and mWBTC.wh ($4.01). - **Moonriver** : One asset had an average utilization of over 75%: FRAX (75.26%). The deployment had three asset liquidations in the past week: mFRAX ($2.33K), mMOVR ($1.86K), and mxcKSM ($1.74K). … **Forum post** : [Gauntlet - Cap Recommendations](https://forum.moonwell.fi/t/gauntlet-caps-recommendation-proposals/1300/34) **Author** : [Gauntlet](https://forum.moonwell.fi/u/gauntlet/summary) **Summary** : Gauntlet announced they would use Cap Guardian to change caps throughout the week: - OP (Optimism) Supply Cap from 2.8M to 5.6M … **Forum post** : [Switching all Moonbeam Markets to using API3’s Data Feeds to Maximize OEV Recapture](https://forum.moonwell.fi/t/switching-all-moonbeam-markets-to-using-api3s-data-feeds-to-maximize-oev-recapture/1749) **Author** : [dav3](https://forum.moonwell.fi/u/dav3/summary) **Summary** : Earlier this year, API3 [proposed](https://forum.moonwell.fi/t/switching-moonwells-glmr-market-to-using-api3s-oev-enabled-data-feed-for-glmr/1530) switching data feeds for Moonwell’s GLMR Core Market to API3’s OEV solution. In mid-April, its [onchain proposal](https://moonwell.fi/governance/proposal/moonbeam?id=172) was successful and the Market’s data feed was switched (complete with an [OEV dashboard](https://oev-dashboard.api3.org/#/dapps/moonwell-moonbeam?query=GLMR&from=2025-04-24&to=2025-06-04)). This proposal seeks to switch to using API3’s OEV data feeds for all Moonbeam Core Markets. dav3 notes that this proposal does not compete with The Solidity Labs onchain OEV solution currently used on other deployments. API3 will continue distributing 80% of the OEV proceeds to Moonwell, via the addReserves function on the GLMR core market on Moonbeam ## **Community & Integrations** **Forum post** : [Proposal: Add alETH as a Collateral Asset on OP Mainnet](https://forum.moonwell.fi/t/proposal-add-aleth-as-a-collateral-asset-on-op-mainnet/1755) **Author** : [Oranges](https://forum.moonwell.fi/u/oranges/summary) **Summary** : On Thursday, first-time poster Oranges created a forum discussion on adding an alETH Core Market on Optimism. alETH is a synthetic asset that represents an Alchemix user’s debt position. ## **Upcoming Events in Governance** ### **Monthly Governance Call** Look for the next Monthly Governance Call on X on the **last** Thursday of the month, June 26th. --- _[View the full topic](https://forum.moonwell.fi/t/weekly-governance-recaps/786)._