Weekly Governance Update: Week of November 24th, 2025
One onchain proposal went up for a vote this week.
Proposals
MIP-R33
Summary: This Moonriver proposal (and its corresponding forum discussion) were submitted on Wednesday, seeking to suspend rewards on the Moonriver markets. This comes after MIP-R32 was passed earlier this month, pausing supplying and borrowing across the the xcKSM, MOVR, and FRAX markets on Moonriver due to the scheduled deprecation of Chainlink price feeds. With borrowing and supplying halted, continuing emissions provides no meaningful benefit. The markets remain in withdraw/repay-only mode. This proposal also lowers collateral factors as part of a phased wind-down of these markets.
Contributor Updates
Forum post: [Anthias Labs] Weekly Market Updates
Author: Anthias
Summary: Anthias posted a weekly update on Thursday for the Moonwell markets covering the previous week.
- Base: Notable increases across WETH, AERO, and cbXRP supply. There was ~$368.5K in liquidations across 242 events.
- OP Mainnet: Notable changes on OP Mainnet include increases in WETH and USDC borrows, as well as USDT supply. There was ~$22.3K in liquidations across 37 events.
- Moonbeam: There was $1.6K in liquidations across 45 events.
- Moonriver: There was ~$19 in liquidations across 2 events.
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Forum post: [Anthias Labs] - Risk Parameter Recommendations (11/27/2025)
Author: AnthiasLabs
Summary: Anthias Labs shared their monthly risk parameter recommendations for Moonwell’s Core Markets on Thursday.
- Base: Reserve factors for AERO, VIRTUAL, and cbXRP were all increased. The collateral factor and supply cap for tBTC were both decreased. VIRTUAL’s IR parameters were also recommended to be adjusted (slight increase in kink).
- OP Mainnet: weETH supply cap and borrow cap were both decreased given the asset’s decreased DEX liquidity on the network.
- Moonbeam: There were no parameter recommendations for Moonbeam.
- Moonriver: Collateral factors for MOVR, xcKSM, and FRAX were all decreased as part of a phased wind-down.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the this Thursday, December 4th.