Weekly Governance Update: Week of June 30th, 2025
Two Snapshots and two onchain proposals went up for a vote this week.
Proposals
Nomination: Ana for Moonwell Security Council (Replacing Elliot)
Summary: Following a successful Snapshot in March, this proposal sought to replace Elliot Friedman with Ana Bittencourt on the Moonwell Security Council. Ana is a Solidity engineer working full-time on Moonwell with Lunar Labs.
Nomination: Anthias for Moonwell Security Council (Replacing Gauntlet)
Summary: After Gauntlet’s contract ended and Anthias was onboarded as risk partners for Moonwell, 0xMims submitted this proposal to update the Security Council by removing Gauntlet and adding Anthias.
MIP-R31: Change Borrow Guardian (Moonriver) to Anthias Labs
Summary: After last week’s successful proposal to change the Borrow and Supply Cap Guardian to Anthias Labs, MIP-R31 sought to similarly appoint Anthias Labs as the Borrow Cap Guardian for Moonwell’s Moonriver Core Markets.
MIP-X26 Automated Liquidity Incentive Proposal
Summary: The regular monthly reward speed proposal went onchain on Thursday. It made changes to the following markets and included ~$307K in reserves to auction off.
- Base:
- ETH: Decreased WELL Supply and Borrow APR
- USDC: Decreased WELL Supply APR
- AERO: Increased WELL Supply and Borrow APR
- cbBTC: Increased WELL Supply and Borrow APR
- EURC: Increased 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
- MORPHO: Increased WELL Supply and Borrow APR
- cbXRP: Increased WELL Supply and Borrow APR
- Optimism:
- USDC: No change
- USDT: Increased WELL Supply APR; increased OP Supply APR
- DAI: Decreased WELL Supply APR; decreased OP Supply APR
- ETH: Decreased WELL Supply APR; increased OP Supply APR
- wstETH: Increased WELL Supply APR; increased OP Supply APR
- rETH: Increased WELL Supply APR; increased OP Supply APR
- OP: Increased WELL Supply APR; increased OP Supply APR
- weETH: Increased WELL Supply APR; increased OP Supply APR
- VELO: Decreased WELL Supply APR; increased OP Supply APR
- wrsETH: Increased WELL Supply APR; increased OP Supply APR
- USDT0: Decreased WELL Supply APR; decreased OP Supply APR
- Moonbeam:
- GLMR: Decreased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
- DOT: Decreased WELL Supply APR; increased GLMR Supply APR
- FRAX: Decreased WELL Supply and Borrow APR; decreased 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; decreased GLMR Supply and Borrow APR
- xcUSDC: Decreased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
Contributor Updates
Forum post: [Anthias Labs] Weekly Market Updates
Author: Anthias
Summary: Anthias posted a weekly update on Friday for the Moonwell markets covering the previous week.
- Base: Some notable week-over-week changes include an increase in AERO borrows and a decrease in VIRTUAL, WETH, WELL, and wstETH borrows. MORPHO and WELL supply both increased by over 40%. There was $41,962.43 in liquidations across 44 liquidation events.
- OP Mainnet: Notable changes this week include a sharp drop in weETH borrows (~66% decrease) and a significant reduction in USDT0 supply (~31% decrease). DAI utilization crossed 90% kink, and no liquidation events occurred on OP Mainnet this week.
- Moonbeam: Moonbeam’s core markets saw minimal week-over-week changes, aside from a ~12% increase in FRAX supply. There was only $41.58 in liquidations across 2 events.
- Moonriver: Moonriver had virtually no week-over-week changes in supply or borrow levels. Likewise, no liquidation events occurred on Moonriver this week.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of the month, July 31st.