Weekly Governance Update: Week of June 1st, 2026
One onchain proposal went up for a vote this week.
Proposals
Summary: Submitted on Wednesday, this proposal sought to update the user experience of the WETH market on Ethereum. It enabled redemptions and borrows to pay out raw ETH directly, rather than requiring the user to unwrap WETH manually.
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: cbBTC and VIRTUAL supply are up 28% and 17%, respectively; cbETH supply contracted 15%. There was ~$107.3K in liquidations across 77 events.
- OP Mainnet: VELO supply is up 112% and USDC borrows are up 28%, while DAI borrows are down 52%. There was ~$400 in liquidations across 11 events.
- Moonbeam: No liquidations nor notable events.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of the month, June 25th.
Weekly Governance Update: Week of June 8th, 2026
Two onchain proposals 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: Decreased WELL Supply APR
- AERO: Increased WELL Borrow APR
- cbBTC: Increased WELL Supply and Borrow APR
- EURC: Increased 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: Increased WELL Supply and Borrow APR
- cbXRP: Decreased WELL Supply and Borrow APR
- MAMO: Increased WELL Supply and Borrow APR
- VVV: Increased WELL Supply and Borrow APR
- Ethereum:
- ETH: N/A
- USDC: N/A
- USDT: N/A
- cbBTC: N/A
Summary: In our recap for the week of May 18th, we summarized Anthias’ risk parameter recommendations for June. On June 11th, the crosschain proposal was created. This proposal was twofold; the routine half of the proposal involved Anthias’ monthly recommendations as usual. It also implemented the team’s reserve recommendations from last month. It sought to adjust risk parameters on Base and Optimism Mainnet, while also (1) using reserves to repay $538K of bad debt from addresses with zero collateral, and (2) withdrawing 1.45 cbBTC from reserves and swap it to WETH in preparation to distribute to users affected by the cbETH incident.
Delegate Updates
Forum post: Evolving Moonwell’s Risk Management — Accelerating Oracle Safeguards and Parameter Responsiveness
Author: Chidi
Summary: Chidi created a forum discussion on Monday, surfacing the idea of evolving Moonwell’s current risk management systems. Included in his write-up are expanding the Cap Guardian role (held by Anthias) to include more types of parameters, an oracle circuit breaker that automatically pauses a market if an oracle price deviates significantly from a secondary source, a liquidation cascade circuit breaker that pauses excessive liquidations in a certain market for review, and a deployment verification of oracle configurations for new 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: AERO supply is up 29%, while cbETH, VIRTUAL, and VVV supply contracted 41%, 46%, and 40%, respectively; the supply contractions pushed cbETH and VIRTUAL utilization to ~100%. USDC borrows are down 7%. No liquidation events this week.
- OP Mainnet: USDC borrows and supply are down 26% and 18%, respectively; OP borrows are down 54% and VELO borrows are down 36%. There was ~$23.2K in liquidations across 51 events.
- Moonbeam: xcUSDC borrows contracted 19%. No liquidations nor other notable events.
- Ethereum: Now covered in the weekly updates following the initial Ethereum market launches. Markets remain in their infancy, no liquidations.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X on the last Thursday of the month, June 25th.
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Weekly Governance Update: Week of June 15th, 2026
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 (6/12/26 – 6/18/26).
- Base: LBTC borrows are up 52% and WETH borrows are up 9%, while wstETH supply is up 28%; MAMO supply contracted 62% (utilization +200%) and WELL borrows are down 13%. There were no liquidation events this week.
- Ethereum: Outsized week-over-week supply gains off near-zero bases for USDT, USDC, WETH, and cbBTC due to their recent launch. No liquidations and no positions below a 0.5 health factor.
- OP Mainnet: OP borrows are down 29%. There was ~$5 in liquidations across 9 events.
- Moonbeam: No notable week-over-week movement and no liquidations.
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Forum post: Monthly Governance Calls - Questions Thread
Author: Boardroom
Summary: Towards the end of the week, Boardroom posted a forum thread containing a link to a Google Form and the scheduled X space for this month’s governance call. Use this Form link to leave any questions you may have for contributors.
Upcoming Events in Governance
Monthly Governance Call
Look for the next Monthly Governance Call on X this Thursday June 25th.