The Moonwell Flagship USDC Vault on @Base is a key liquidity source for loans on @Coinbase.
The vault helps meet demand from those looking to do more with their assets directly in the Coinbase app.
@MoonwellDeFi@AskVenice Moonwell DAO announces approval of Q3 Staking Incentive Referendum.
$WELL Holders with eligible matured vaults are set for a 1.9x APR multiplier on stakes.
Eligibility Check: https://t.co/RxuQPwFwT0
Update on yesterday’s cbETH Core Market issue:
No other markets on Base or OP Mainnet were affected. The issue is isolated to the cbETH Core Market on Base.
Once identified, our risk manager @anthiasxyz moved quickly to reduce the cbETH borrow cap to 0.01 to contain further risk to the protocol. The supply cap was also reduced to 0.01 to prevent new users from unknowingly supplying to the affected market.
Supply and borrow caps for all other markets remain at normal levels.
A full postmortem detailing what happened and next steps will be shared on the governance forum later today.
A potential recovery plan for users affected by the cbETH Core Market incident on Base is now live on the governance forum. It also includes a path to onboard the Moonwell Apollo (MFAM) community into the Moonwell ecosystem (WELL).
The proposal outlines:
• Immediate partial repayment from the Moonwell Apollo Treasury
• Ongoing repayment through protocol revenue
• Compensation for MFAM holders and stakers in stkWELL at a 1:1.5 ratio (MFAM:stkWELL)
Share your feedback and join the discussion on the governance forum:
https://t.co/DjGoVfM2FX
"Stablecoins are moving toward becoming default settlement layers. DeFi is embedding itself into broader financial workflows."
The future of finance is being built onchain and Moonwell is helping lead the way.
@LukeYoungblood featured in @khaleejtimes:
Moonwell generated $443.8K in fees over the last week -- up 154.8%.
Those fees flow directly to lenders and build protocol reserves. As demand grows, so does the value flowing back to the people using Moonwell.
$130.6K in protocol revenue. In a single week.
Nobody wants to see liquidations. Volatile markets create tough conditions for borrowers, and that's never something to celebrate. But it is a reminder that Moonwell is working as designed.
When markets move, borrowing demand increases, liquidations are processed, and the protocol generates fees -- with $219.1K in total revenue since January 1.
Real usage driving real results.
When neobanks integrate @Mamo, Moonwell benefits directly.
Each deposit through Mamo increases the available liquidity for borrowers in our markets and vaults, paving the way for higher utilization and revenue generation.
Let's build the rails for neobanks, @PodsFinance.
Moonwell was the first lending protocol to implement Oracle Extracted Value (OEV) over a year ago.
Now, a new and improved version of this mechanism has been developed, capable of significantly increasing the protocol's revenue.
Read more from @LukeYoungblood:
The Moonwell Ecosystem USDC V2 Vault is now live in the Moonwell app!
@Morpho V2 Vaults build on the functionality of Morpho V1 Vaults, offering greater flexibility and capabilities.
Don't let your dollars sit idle, it's time to put them to work on @Base.
Deprecation of Moonwell Flagship USDC Vault on OP Mainnet
The Moonwell Flagship USDC Vault and its associated @Morpho Isolated Markets on OP Mainnet have been deprecated. This change supports a shift toward more productive opportunities, focusing resources where demand and usage are stronger.
What this means:
• New deposits are no longer accepted.
• Existing deposits remain accessible for withdrawal.
• No further changes are planned for this vault.
What you should do:
• Withdraw any remaining funds using the Moonwell or Morpho app.
• Review your positions to confirm your balances after withdrawal.
No impact:
• Moonwell Core Markets on OP Mainnet are unaffected.
• All Core Markets remain live and fully operational.
If you need assistance, please ask in the Moonwell Discord: https://t.co/tyqKFTYkCm