Weekly Governance Recaps

Announcements & Updates Updates
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Weekly Governance Update: Week of September 8th, 2025

One onchain proposal went up for a vote this week.

Proposals

MIP-X30 Automated Liquidity Incentive Proposal

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

  • Base:
    • ETH: Decreased WELL Supply and Borrow APR
    • USDC: Increased WELL Supply APR
    • AERO: Increased WELL Supply and Borrow APR
    • cbBTC: Decreased 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 Mainnet:
    • USDC: Decreased 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: Decreased WELL Supply APR; decreased OP Supply ARR
    • wstETH: Decreased 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; increased OP Supply APR
    • wrsETH: Decreased WELL Supply APR; increased OP Supply APR
    • USDT0: Decreased WELL Supply APR; decreased OP Supply APR
  • Moonbeam:
    • GLMR: Increased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
    • DOT: Increased WELL Supply APR; increased GLMR Supply APR
    • FRAX: Increased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
    • USDC.wh: Increased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
    • xcUSDT: Increased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
    • xcUSDC: Increased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
  • Reserves to Auction: ~$78.09K

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 changes this week include sharp declines in cbXRP borrows (~50%) and cbBTC borrows (~66%), while wstETH borrows more than doubled (~102%). There was $667,116.08 in liquidations across 46 events
  • OP Mainnet: Broad deleveraging across majors: WETH borrows/supply fell ~84–85%, USDC ~83% on both borrow and supply, DAI ~42–44%, and USDT ~56%. No liquidation events occurred on OP Mainnet this week
  • Moonbeam: Markets were mostly flat week-over-week; xcUSDC supply rose ~8% while ETH.wh supply fell ~7%. There was only $0.89 in liquidations across 3 events.
  • Moonriver: Moonriver saw virtually no week-over-week changes in supply or borrow levels. Likewise, no liquidation events occurred on Moonriver this week.

…

Forum post: [Anthias Labs] Minimum Reserves Recommendations
Author: AnthiasLabs
Summary: On Monday, Anthias posted minimum recommended reserves for the Base markets. Their calculations include parameters like probability of position liquidation and the maximum liquidation amount.

Upcoming Events in Governance

Monthly Governance Call

Look for the next Monthly Governance Call on X on the last Thursday of the month, September 25th.