Weekly Governance Recaps

Announcements & Updates Updates
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Weekly Governance Update: Week of August 4th, 2025

One onchain proposal went up for a vote this week.

Proposals

MIP-X28 Automated Liquidity Incentive Proposal

Summary: The regular monthly reward speed proposal went onchain on Thursday. It made changes to the following markets:

  • Base:
    • ETH: Increased 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: Decreased WELL Supply and Borrow APR
    • WELL: Increased WELL Supply and Borrow APR
    • tBTC: Decreased WELL Supply and Borrow APR
    • LBTC: Decreased WELL Supply and Borrow APR
    • VIRTUAL: Decreased WELL Supply and Borrow APR
    • MORPHO: Increased WELL Supply and Borrow APR
    • cbXRP: Increased WELL Supply and Borrow APR
  • Optimism Mainnet:
    • USDC: Increased WELL Supply APR; decreased OP Supply APR
    • USDT: Increased WELL Supply APR; increased OP Supply APR
    • DAI: Increased WELL Supply APR; increased OP Supply APR
    • ETH: Increased WELL Supply APR; decreased OP Supply ARR
    • 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: Increased WELL Supply APR; decreased 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; increased 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: Notable week-over-week moves included a 32% increase in cbXRP supply (1.00M → 1.32M), a 47% increase in MORPHO supply (4.09M → 6.00M), and a 45% decrease in wstETH borrows (208.17 → 113.57). There was $166,535.77 in liquidations across 76 events.
  • OP Mainnet: Stablecoin activity accelerated (DAI borrows +73%, supply +57%; USDT borrows +86%, supply +64%), with DAI utilization rising to ~90.77%. There was $24,941.26 in liquidations across 9 events.
  • Moonbeam: Markets were mostly steady (e.g., GLMR borrow rose +1% while supply fell -3% week over week. There was only $37.31 in liquidations across 10 events.
  • Moonriver: Virtually no week-over-week changes in supply or borrow levels. No liquidation events occurred on Moonriver this week.

…

Forum post: [Anthias Labs] - Risk Parameter Recommendations

Author: Anthias

Summary: Anthias Labs shared their monthly risk parameter recommendations for Moonwell’s Core Markets on Tuesday.

  • Base: Anthias recommended an increase in cbXRP’s Supply Cap and Borrow Cap (2M to 3M and 500K to 1.6M, respectively) and a decrease in cbXRP’s Reserve Factor (30% to 20%). They also included changes to the IR parameters of USDC and cbXRP
  • OP Mainnet: The main notable change on OP Mainnet included an update to DAI’s and USDT0’s IR parameters (an increase in both Multipliers).
  • Moonbeam: There were no parameter recommendations for Moonbeam.
  • Moonriver: There were no parameter recommendations for Moonriver.

…

Community & Integrations

Forum post: Strengthening Moonwell with Real Assets: BTC & ETH Treasury Accumulation

Author: WellMaxi

Summary: Kicking off the week with a forum discussion, a Moonwell community member followed up with an idea he’d brought up during the latest Governance Call. The idea centered around using protocol revenue to not only buy back WELL, but expand into a basket of WELL, BTC, and ETH.

Upcoming Events in Governance

Monthly Governance Call

Look for the next Monthly Governance Call on X on the last Thursday of the month, August 28th.