Weekly Governance Update: Week of August 25, 2025
No proposals went up for a vote this week. August’s governance call was hosted on Thursday.
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 shifts included VIRTUAL supply down ~25% (2.50M → 1.87M), tBTC supply up ~50% (9.50 → 14.29 tBTC), cbXRP borrows up ~28% (257.11K → 328.32K), and wstETH borrows down 54% (200.91 → 91.92 wstETH). Liquidations on Base totaled 119 events, with $1,971,411.93 in collateral seized; USDC made up the bulk of seized collateral (~$1.84M across 34 events).
- OP Mainnet: DAI was the standout; borrows up ~75% and supply up ~62%, with utilization rising ~8% to 90.07%. Other moves: rETH borrows down ~38% (supply down ~16%), WETH borrows/supply up ~6-7%, USDC borrows/supply down ~4%, USDT borrows/supply down ~6-7%, OP borrows down ~1% while supply up ~5%, and wstETH borrows up ~14% (supply down ~7%). Liquidations on OP Mainnet totaled 3 events, with $498.15 in collateral seized.
- Moonbeam: No notable changes were reported for Moonbeam this week, although there were a few moves (e.g. xcUSDC borrow and supply down 7% and 14% respectively and xcUSDT borrow and supply down 8% and 22% respectively). There was 1 liquidation event, totalling $128.83.
- Moonriver: Moonriver had no notable changes, nor liquidation events.
…
Forum post: Monthly Governance Calls
Author: Boardroom
Summary: Boardroom hosted the August governance call on Thursday. Head over to the forum post to read a summary and to watch the YouTube recording.
…
Forum post: Monthly Governance Report
Author: Boardroom
Summary: Boardroom posted the governance report for August on the final day of the month. Here, you can read more about the month’s main governance initiatives, proposal turnout, delegate voting rate, and more.
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.
Weekly Governance Update: Week of September 1st, 2025
No proposals went up for a vote this week.
Contributor Updates
Forum post: [Anthias Labs] - Risk Parameter Recommendations
Author: Anthias
Summary: Anthias Labs shared their monthly risk parameter recommendations for Moonwell’s Core Markets on Wednesday.
- Base: Anthias recommended an increase in Supply Caps for weETH, cbXRP, and WELL, as well as an increase in the Borrow Cap for WELL. They also included changes to the IR parameters of USDC.
- OP Mainnet: The main notable changes on OP Mainnet included an increase in VELO’s supply cap and adjustments to USDT’s and USDC’s IR parameters.
- Moonbeam: There were no parameter recommendations for Moonbeam.
- Moonriver: There were no parameter recommendations for Moonriver.
…
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 a 15% increase in cbXRP supply, a 65% decrease in VIRTUAL borrows, and a 22% increase in WELL borrows. There was $163,003.16 in collateral seized across 64 liquidation events (driven mostly by weETH and AERO).
- OP Mainnet: Notable changes this week include sharp growth in USDT (borrows +47%, supply +38%) and a 76% increase in rETH supply. No liquidation events occurred on OP Mainnet this week.
- Moonbeam: Moonbeam’s core markets saw minimal week-over-week changes. There was only $57.51 in liquidations across 13 events (all GLMR).
- Moonriver: Moonriver had virtually no week-over-week changes in supply or borrow levels. There were $189.80 in liquidations across 2 events (both xcKSM).
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.
1 Like
Weekly Governance Update: Week of September 8th, 2025
One onchain proposal went up for a vote this week.
Proposals
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.
Weekly Governance Update: Week of September 15th, 2025
Two proposals went up for a vote this week.
Proposals
Summary: Monday, 0xMims, BlockAnalitica, and B.Protocol co-authored a proposal to distribute 3.33 million WELL tokens across four popular Morpho vaults on Base as rewards for depositors: USDC (50%), ETH (24%), EURC (13%), and cbBTC (13%).
Summary: In a previous weekly update, we summarized Anthias’ monthly recommendations for September. This week, on Tuesday, the proposal went up for an onchain vote.
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 week-over-week moves include a sharp +42% increase in WETH supply, +147% cbXRP borrows, +155% cbBTC borrows, and outsized jumps in BTC wrappers (LBTC borrows +1216%, tBTC borrows +2437%), while wstETH borrows fell ~52%. MORPHO supply declined ~73% even as its borrows rose ~227%. There were $232,147.87 in liquidations across 61 events.
- OP Mainnet: WETH and stables saw broad expansion. WETH borrows +142% (supply +144%), USDC borrows +58% (supply +57%), and USDT borrows +82% (supply +72%). Meanwhile, DAI cooled with borrows -35% and utilization down to ~64%; USDT0 borrows slipped -16%. Liquidations were minimal: 1 event totaling $103.17 seized.
- Moonbeam: Mostly steady week: xcUSDC supply -12% while USDC.wh supply +7%; other core markets were flat to ±1%. No liquidation events occurred on Moonbeam.
- Moonriver: Markets were virtually unchanged (xcKSM, FRAX, MOVR all ~0% WoW). No liquidation events occurred on Moonriver.
…
Forum post: [Anthias Labs] Minimum Reserves Recommendations
Author: AnthiasLabs
Summary: On Wednesday, 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.
Weekly Governance Update: Week of September 22nd, 2025
One proposal went up for a vote this week.
Proposals
Summary: On Thursday, Anthias Labs submitted an onchain proposal which sought to take ownership of a Moonwell Ecosystem USDC (meUSDC) Vault on Base, powered by Morpho, and set Anthias Labs as the curator.
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 shifts include sharp growth in MORPHO supply (+272%), USDC supply and borrows (+17% each), and a decrease in wstETH borrows (-55%). Liquidations totaled $1,316,794.81 across 145 events, indicating a volatile week.
- OP Mainnet: USDT supply and borrows jumped 53% and 56%, respectively. wstETH supply (-29%) contracted. Liquidations were minimal at 4 events totaling $2,581.93 seized.
- Moonbeam: Mostly flat week; small moves such as GLMR supply/borrow ~+1% and xcUSDT utilization down -27%. Liquidations were just $352.52 across 10 events.
- Moonriver: Virtually unchanged across xcKSM, FRAX, and MOVR (sub-3% WoW deltas). Liquidations were just $0.63 across 1 event.
Community & Integrations
Forum post: Block Analitica & B.Protocol: Moonwell Flagship ETH - weETH/ETH Market Listing
Author: BlockAnalitica
Summary: On Thursday, Block Analitica and B.Protocol proposed listing a market for EtherFi’s weETH/ETH to the Moonwell Flagship ETH vault on Base. The post noted the favorable risk profile, distribution, lindyness, and its status as the first LRT asset supported by the Moonwell Flagship vaults. Included in the proposal were parameters, a risk assessment, oracle settings, and more.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of the month, October 30th.
Weekly Governance Update: Week of September 29th, 2025
No proposals went up for a vote this week.
Delegate Updates
Forum post: Moonwell Governance Dashboard Update
Author: Jor-El
Summary: New Moonwell delegate Jor-El shared a Moonwell governance data dashboard built with Dune to the forums on Monday. The dashboard covers multi-chain governance data across Moonwell’s four deployments, and future planned updates include independent indexing and an ETL pipeline to keep data accurate and up-to-date.
Contributor Updates
Forum post: [Anthias Labs] - Risk Parameter Recommendations
Author: Anthias
Summary: Anthias Labs shared their monthly risk parameter recommendations for Moonwell’s Core Markets on Wednesday.
- Base: Anthias recommended a decrease in cbXRP’s Reserve Factor and increase in EURC’s Reserve Factor. They also included changes to the IR parameters of USDC and EURC (increases in Multipliers).
- OP Mainnet: The main notable changes on OP Mainnet included adjustments to USDC’s, USDT’s, and USDT0’s IR parameters (increases in Multipliers).
- Moonbeam: There were no parameter recommendations for Moonbeam.
- Moonriver: There were no parameter recommendations for Moonriver.
…
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: Some notable week-over-week changes include decreases in weETH supply, WETH borrows, and VIRTUAL borrows (-61%, -31%, and -28%, respectively). There were increases in WELL borrows, VIRTUAL supply, and cbXRP borrows (+48%, +44%, and +29%, respectively). There was $81,144.43 in liquidations across 68 events.
- OP Mainnet: DAI borrows and supply increased by +134% and +85%, respectively, while weETH supply (-57%) and USDT borrows (-26%) fell. There was $3,302.65 in liquidations across 16 events.
- Moonbeam: Moonbeam Core Markets had mostly insignificant changes week-over-week. There were 105 liquidations, totaling only $78.04 seized.
- Moonriver: Moonriver reported just one liquidation of $1.81.
Community & Integrations
Forum post: Announcing a New Moonwell Onchain Governance Dashboard
Author: Wheelhaus
Summary: New Moonwell community member Wheelhaus Labs published a governance dashboard built specifically for Moonwell on Wednesday. With it, users can find live voting stats, delegates lists and profiles, and different governance related stats and analytics.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of the month, October 30th.
1 Like
Weekly Governance Update: Week of October 6th, 2025
Four onchain proposals went up for a vote this week.
Proposals
Summary: The regular monthly reward speed proposal went onchain on Sunday. It made changes to the following markets:
- Base:
- ETH: Increased WELL Supply and Borrow APR
- USDC: Decreased WELL Supply APR
- AERO: Decreased WELL Supply and Borrow APR
- cbBTC: Increased WELL Supply and Borrow APR
- EURC: Decreased WELL Supply and Borrow APR
- WELL: Decreased WELL Supply and Borrow APR
- tBTC: Increased WELL Supply and Borrow APR
- LBTC: Increased WELL Supply and Borrow APR
- VIRTUAL: Decreased WELL Supply and Borrow APR
- MORPHO: decreased WELL Supply and Borrow APR
- cbXRP: Increased WELL Supply and Borrow APR
- Optimism Mainnet:
- USDC: Decreased 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; increased OP Supply ARR
- wstETH: Decreased WELL Supply APR; decreased OP Supply APR
- rETH: Decreased WELL Supply APR; increased OP Supply APR
- OP: Decreased WELL Supply APR; increased OP Supply APR
- weETH: Decreased WELL Supply APR; decreased 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: Decreased WELL Supply and Borrow APR; decreased GLMR Supply and Borrow APR
- DOT: Increased 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
- Reserves to Auction: ~$72K
Summary: In our previous weekly update, we summarized Anthias’ monthly recommendations for October. This week, on Monday, the proposal went up for an onchain vote.
Summary: On Friday, a new onchain proposal was submitted, seeking to add MAMO to the Base Core Markets. In the previous governance call, Moonwell contributor 0xMims noted Mamo’s passing of a Halborn audit with no outstanding issues, meeting risk assessment parameters (liquidity, swap size testing, etc.), and its Chainlink price feed going live on October 9th.
Summary: In September’s governance call, Moonwell contributor Luke Youngblood announced an upcoming proposal to introduce the Moonwell Ecosystem Vault (meUSDC), a public credit facility with 0% performance fee. This facility establishes infrastructure to enable the DAO to fund operations and expansion in a capital-efficient way that preserves long-term alignment. This week, on Friday, the proposal was re-submitted, seeking to accept ownership on behalf of the temporal governor and set Anthias Labs as the allocator.
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: Some notable week-over-week changes include an increase in WETH supply and borrows and decreases in the supply of weETH, AERO, and cbBTC. There was $124,422.94 in liquidations across 58 liquidation events.
- OP Mainnet: Notable changes on OP Mainnet include a jump in USDC supply and borrows, but a decrease in USDT supply and borrows. There was $45.19 in liquidations across 2 events.
- Moonbeam: xcDOT supply increased by over 140%, while xcUSDT supply decreased 28%. There was $2,070.35 in liquidations across 12 events in the past week.
- Moonriver: There were no liquidations nor notable changes reported.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of the month, October 30th.
Weekly Governance Update: Week of October 13th, 2025
One onchain proposal went up for a vote this week.
Proposals
Summary: On Tuesday, MIP-B50 was submitted for onchain voting. Co-authored by Moonwell delegates Chidi and Joel, along with Lunar Labs, this proposal sought to create Merkle incentive campaigns for Moonwell’s MetaMorpho vaults (USDC, WETH, EURC, and cbBTC) and introduce a new incentive campaign for stkWELL holders to encourage participation in the safety module.
Delegate Updates
Forum post: Moonwell Q3 2025 Report
Author: Jor-El
Summary: Moonwell delegate Jor-El posted to the forums on Monday an analysis of protocol growth, asset diversification, revenue dynamics, and governance statistics.
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: Some notable week-over-week changes include a decrease in WETH supply and borrows (25% and 35%, respectively), an increase in cbBTC supply and borrows (10% and 37%), and an increase in WELL supply (+59%). There was ~$12.69M in liquidations across 1151 events.
- OP Mainnet: Notable changes on OP Mainnet include an increase in WETH supply and borrows, and decreases in OP and weETH supply. There was ~$401K in liquidations across 212 events.
- Moonbeam: Moonbeam saw reductions in the supply and borrows of xcUSDC and the borrows of USDT. There was ~$71.5K in liquidations across 644 events.
- Moonriver: A decrease in FRAX borrows was the most significant change week-over-week. There was ~$11K in liquidations across 74 events.
…
Forum post: [Anthias Labs] Report on the Events of October 10th, 2025
Author: Anthias
Summary: On Friday, Anthias posted a report detailing the macro shock that took place on October 10th (U.S. announcement of 100% China tariffs), which triggered a market-wide crash (BTC -14.6%, ETH -21.3%) and cascading liquidations exacerbated by Binance Unified Account valuation issues (~$19B liquidations). Moonwell saw ~$12M liquidations across chains; on Base, an attacker used flash loans to exploit large oracle/DEX price gaps in VIRTUAL/MORPHO/AERO, leading to ~$1.7M in bad debt while extracting ~267 ETH. Liquidations largely failed as the 7% bonus couldn’t overcome 20-36% price divergences. Mitigations employed included immediately reducing/pausing borrow caps for VIRTUAL/MORPHO/AERO via cap guardian; Base reserves (~$2.7M) can cover the ~$1.7M shortfall (AERO covered by market reserves; VIRTUAL/MORPHO need broader reserves). Moonbeam has a few under-water USDC.wh borrowers pending liquidation due to limited USDC.wh liquidity/bridging. DAO guidance requested on covering bad debt.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of the month, October 30th.
1 Like
Weekly Governance Update: Week of October 20th, 2025
No proposals went up for a vote this week.
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: Some notable week-over-week changes include an increase in WETH supply and borrows and decreases in USDC and cbBTC supply and borrows. There was $100,003.79 in liquidations across 91 events.
- OP Mainnet: Notable changes on OP Mainnet include decreases in USDC supply and borrows, and a sharp increase in VELO borrows. There was $60.02 in liquidations across 5 events.
- Moonbeam: xcDOT supply dropped slightly, USDC.wh borrows dropped ~34%, and xcUSDC supply increased. There were no liquidations reported.
- Moonriver: Moonriver markets were mostly flat on the week; no liquidations were reported.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of the month, October 30th.
Weekly Governance Update: Week of October 27th, 2025
Two onchain proposals went up for a vote this week.
Proposals
Summary: On Tuesday, MIP-B51 was submitted onchain, seeking to update the Moonwell USDC Ecosystem Vault Timelock to a 72-hour delay. This adjustment aligns with the latest risk recommendations set by Anthias Labs.
Summary: The regular monthly reward speed proposal went onchain on Saturday. It made changes to the following markets:
- Base:
- ETH: Decreased WELL Supply and Borrow APR
- USDC: Increased WELL Supply APR
- AERO: Decreased WELL Supply and Borrow APR
- cbBTC: Decreased 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: Increased WELL Supply and Borrow APR
- MORPHO: Increased WELL Supply and Borrow APR
- cbXRP: Decreased WELL Supply and Borrow APR
- Optimism Mainnet:
- USDC: Increased WELL Supply APR; decreased OP Supply APR
- USDT: Decreased WELL Supply APR; increased OP Supply APR
- DAI: Decreased WELL Supply APR; Decreased OP Supply APR
- ETH: Increased WELL Supply APR; increased OP Supply ARR
- wstETH: Increased WELL Supply APR; decreased OP Supply APR
- rETH: Increased WELL Supply APR; increased OP Supply APR
- OP: Decreased WELL Supply APR; decreased OP Supply APR
- weETH: Decreased WELL Supply APR; decreased OP Supply APR
- VELO: Decreased 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: Decreased 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; increased 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
- Reserves to Auction: ~$324K
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: Some notable week-over-week changes include an increase in AERO supply and MAMO borrows, along with a decrease in LBTC supply. There was ~$415K in liquidations across 121 events.
- OP Mainnet: Notable changes on OP Mainnet include decreases in USDT supply and VELO borrows; USDC supply increased. There was only ~$40 in liquidations across 2 events.
- Moonbeam: xcUSDC supply decreased by 37%. There was ~$345 in liquidations across 18 events.
- Moonriver: No notable changes occurred on the Moonriver markets. There was only ~$36 in liquidations across 3 events.
…
Forum post: [Anthias Labs] - Risk Parameter Recommendations (10/29/2025)
Author: AnthiasLabs
Summary: Anthias Labs shared their monthly risk parameter recommendations for Moonwell’s Core Markets on Wednesday.
- Base: MAMO borrow cap was reduced from 12M to 3M. Collateral Factors for tBTC and LBTC were decreased slightly to 84%. USDC IR parameters for USDC were adjusted (increase in Multiplier).
- OP Mainnet: The main notable changes on OP Mainnet were adjustments to USDT0’s and DAI’s IR parameters (slight bump in Multiplier).
- Moonbeam: There were no parameter recommendations for Moonbeam.
- Moonriver: There were no parameter recommendations for Moonriver, although Anthias noted the depreciation of Chainlink oracles used by Moonwell for MOVR, FRAX, and xcKSM. They recommended possibly servicing those price feeds by API3, otherwise the markets will need to be deprecated.
…
Forum post: [Anthias Labs] Minimum Reserve Recommendations (10/29/25) (Base)
Author: AnthiasLabs
Summary: On Wednesday, 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, November 27th.