Weekly Governance Update: Week of August 11th, 2025
One onchain proposal went up for a vote this week.
Proposals
MIP-X29: Anthias Labs Monthly Recommendations (08/2025)
Summary: In our update for the week of August 4th, we covered Anthias Labs’ monthly risk recommendations forum post. This week, the proposal was submitted for an onchain vote. It was successful.
Contributor Updates
Forum post: Pre-Bug Remediation Rewards for the Base Safety Module
Author: 0xMims
Summary: Recently, the Base Safety Module experienced a minor bug that led to a small number of users claiming MIP-X28’s full reward budget, resulting in an estimated loss of ~$285K in WELL. In this forum post, Moonwell contributors propose making affected users whole for the rewards they were owed before the bug was triggered. A snapshot, verification data, and the list of addresses that claimed excessive rewards will be published before setting up the claim process. Next steps include getting DAO approval for a WELL grant from the Moonwell Foundation (Snapshot & onchain vote), streaming rewards to affected users via Sablier or Angle Protocol (with claim costs covered by the DAO), and continued work with Halborn to ensure this issue cannot reoccur.
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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: Some notable week-over-week changes include sharp increases in cbETH (+144%), rETH (+68%), and wstETH (+36%) borrows, while USDC borrows and supply each fell ~26% and tBTC borrows dropped ~57%. There was $2,595,641.02 in liquidations across 193 events.
- OP Mainnet: Notable changes this week include OP borrows jumping +129%, while USDT0 and wstETH borrows declined ~32% and ~30%, respectively; DAI utilization moved to ~92%. Liquidations totaled $2,290.98 across 28 events.
- Moonbeam: Moonbeam’s markets were mostly flat; xcUSDC borrows decreased ~7%, GLMR borrows edged up ~1%, and most others were within ±2%. There was $162.09 in liquidations across 7 events.
- Moonriver: Moonriver saw minimal changes (e.g., xcKSM borrows -3%, MOVR -6%, FRAX ~flat). 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, August 28th.