Weekly Governance Update: Week of July 7th, 2025
One onchain proposal went up for a vote this week.
Proposals
Switching all Moonbeam Markets to using API3’s Data Feeds to Maximize OEV Recapture
Summary: Last month, API3 submitted a successful Snapshot proposal which outlined the same objectives as this onchain proposal: switching to using API3’s OEV data feeds for all Moonbeam Core Markets. This comes after API3 proposed switching data feeds for Moonwell’s GLMR Core Market to API3’s OEV solution. In mid-April, its onchain proposal was successful and the Market’s data feed was switched (complete with an OEV dashboard).
Contributor Updates
Forum post: [Anthias Labs] - Risk Parameter Recommendations (7/9/2025)
Author: Anthias
Summary: Anthias Labs shared their monthly risk parameter recommendations for Moonwell’s Core Markets on Wednesday.
- Base: Anthias recommended an increase in cbXRP’s Collateral Factor from 70% to 74% and an increase in MORPHO Supply Cap from 4M to 6M.
- OP Mainnet: The main notable change on OP Mainnet included an update to DAI’s IR parameters (an increase in the Multiplier).
- Moonbeam: Anthias noted support for Gauntlet’s risk-off approach for Moonbeam Core Markets, incrementally lowering Collateral Factors for all assets. No further changes were immediately necessary.
- Moonriver: There were no parameter recommendations for Moonriver.
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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: Notable changes include a 51% jump in WELL borrows (from 16.4M to 24.82M) and a 92% rise in wstETH borrows (90.15 to 172.88). cbXRP supply also surged 52% (287K to 436K) while weETH supply decreased ~72% (1.99K to 560). In total, there were $202,509.72 in liquidations across 71 events on Base this week.
- OP Mainnet: The Optimism Mainnet markets saw a 76% spike in USDT borrows and a 63% rise in USDT supply. USDT0 supply fell roughly 31% (2.54M to 1.76M). There were 6 liquidation events totaling $17,425.71.
- Moonbeam: Moonbeam’s Core Markets were largely unchanged. Most notably, FRAX supply fell about 10% (from 56.3K to 50.5K). There were 2 liquidation events totaling $38.59 on Moonbeam (both liquidations were GLMR).
- Moonriver: Moonriver saw minimal movement, with xcKSM borrows down 20% (8.43K to 6.78K) and FRAX supply down 9%. No liquidation events occurred on Moonriver this week.
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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.