FeedProjects
Developers
Settings
🎉 A new chapter begins: Boardroom has joined Agora
Learn more
protocol logo
Explore / Projects
Moonwell

Insights

Proposals

Discussions

Members

Information

Reports

Meetings

Create Proposal

Moonwell

InsightsProposalsDiscussionsMembersInformationReportsMeetings
ProposalExecutable Code
Back to Proposals
executedEnded 9 months ago Â·  Onchain

MIP-X23 Automated Liquidity Incentive Proposal

By 0x10b8...004bE5

This is an automated liquidity incentive governance proposal for the Moonwell protocol.

Base Network

If successful, the proposal would automatically distribute and adjust liquidity incentives for the period beginning 2025-06-13 at 03:30:00 UTC and ending on 2025-07-11 at 03:30:00 UTC.

MetricValue
Timestamp of capture1748922300
Closest block number31066476
Total Supply in USD for incentivized markets$362,022,610.99
Total Borrows in USD$178,739,007.55
Safety Module APR4.95%
Safety Module Boosted APR9.10%
Total WELL acquired in auctions (USD)$105,234.72
Total LP (ETH/WELL on Aerodrome)$13,929,555.00
Total WELL to distribute DEX600,191.939 WELL
Total WELL to distribute Safety Module3,216,768.311 WELL
Total WELL to distribute Safety Module (Auctions)2,693,054.766 WELL
Total WELL to distribute Markets (Config)7,505,792.726 WELL
Total WELL to distribute Markets (Sanity Check)7505792.7263 WELL
Total WELL to distribute Markets (Supply Side)5579497.4608 WELL
Total WELL to distribute Markets (Borrow Side)1926295.2655 WELL
Total WELL to distribute Markets (Borrow + Supply)7505792.7263 WELL
Total WELL to distribute Markets (By Speed)7505792.7263 WELL
Total WELL to distribute (Config + Auctions)13415615.8038 WELL
Total WELL to distribute (Sanity Check)13415615.8038 WELL

ETH (MOONWELL_WETH)

Total Supply in USD: $77,661,711.24 Total Borrows in USD: $62,468,056.03

MetricCurrent ValueNew Value
Supply APY1.11%1.11%
Borrow APY1.53%1.53%
WELL Supply APR0.52%0.53%
WELL Borrow APR0.82%0.83%
Total Supply APR1.63%1.64%
Total Borrow APR0.71%0.70%
Total Supply Incentives Per Day in USD$1,398.29$1,412.90
Total Borrow Incentives Per Day in USD$1,398.29$1,412.90
Metric% Change
WELL Supply1.04%
WELL Borrow1.04%

USDC (MOONWELL_USDC)

Total Supply in USD: $104,294,202.80 Total Borrows in USD: $91,928,565.27 Reserves to auction: $91,097.75

MetricCurrent ValueNew Value
Supply APY3.43%3.43%
Borrow APY4.32%4.32%
WELL Supply APR1.17%1.06%
WELL Borrow APR0%0%
Total Supply APR4.60%4.49%
Total Borrow APR4.32%4.32%
Total Supply Incentives Per Day in USD$5,752.50$5,187.80
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply-9.82%
WELL Borrow0%

AERO (MOONWELL_AERO)

Total Supply in USD: $13,752,743.45 Total Borrows in USD: $6,300,446.77 Reserves to auction: $70,342.65

MetricCurrent ValueNew Value
Supply APY4.62%4.62%
Borrow APY14.41%14.41%
WELL Supply APR0.84%0.48%
WELL Borrow APR1.43%0.81%
Total Supply APR5.46%5.10%
Total Borrow APR12.98%13.60%
Total Supply Incentives Per Day in USD$202.48$113.97
Total Borrow Incentives Per Day in USD$247.48$139.29
Metric% Change
WELL Supply-43.72%
WELL Borrow-43.72%

cbBTC (MOONWELL_cbBTC)

Total Supply in USD: $73,273,867.02 Total Borrows in USD: $11,315,742.08

MetricCurrent ValueNew Value
Supply APY0.16%0.16%
Borrow APY1.08%1.08%
WELL Supply APR0.39%0.53%
WELL Borrow APR1.5%2.02%
Total Supply APR0.55%0.69%
Total Borrow APR0.00%0.00%
Total Supply Incentives Per Day in USD$465.26$626.05
Total Borrow Incentives Per Day in USD$465.26$626.05
Metric% Change
WELL Supply34.56%
WELL Borrow34.56%

EURC (MOONWELL_EURC)

Total Supply in USD: $4,829,555.26 Total Borrows in USD: $2,573,489.71 Reserves to auction: $20,528.76

MetricCurrent ValueNew Value
Supply APY1.65%1.65%
Borrow APY3.25%3.25%
WELL Supply APR0.69%0.53%
WELL Borrow APR1.29%0.99%
Total Supply APR2.34%2.18%
Total Borrow APR1.96%2.26%
Total Supply Incentives Per Day in USD$91.08$69.87
Total Borrow Incentives Per Day in USD$91.08$69.87
Metric% Change
WELL Supply-23.29%
WELL Borrow-23.29%

WELL (MOONWELL_WELL)

Total Supply in USD: $3,297,461.65 Total Borrows in USD: $594,254.06

MetricCurrent ValueNew Value
Supply APY0.54%0.54%
Borrow APY3.96%3.96%
WELL Supply APR0.54%0.48%
WELL Borrow APR7.01%6.16%
Total Supply APR1.08%1.02%
Total Borrow APR0.00%0.00%
Total Supply Incentives Per Day in USD$93.44$82.00
Total Borrow Incentives Per Day in USD$114.21$100.22
Metric% Change
WELL Supply-12.25%
WELL Borrow-12.25%

tBTC (MOONWELL_TBTC)

Total Supply in USD: $1,335,534.56 Total Borrows in USD: $430,123.61

MetricCurrent ValueNew Value
Supply APY0.69%0.69%
Borrow APY2.25%2.25%
WELL Supply APR0.69%0.53%
WELL Borrow APR2.15%1.64%
Total Supply APR1.38%1.22%
Total Borrow APR0.10%0.61%
Total Supply Incentives Per Day in USD$25.32$19.32
Total Borrow Incentives Per Day in USD$25.32$19.32
Metric% Change
WELL Supply-23.69%
WELL Borrow-23.69%

LBTC (MOONWELL_LBTC)

Total Supply in USD: $4,713,848.85 Total Borrows in USD: $1,006,553.53 Reserves to auction: $8,140.53

MetricCurrent ValueNew Value
Supply APY0.30%0.30%
Borrow APY1.49%1.49%
WELL Supply APR0.41%0.53%
WELL Borrow APR1.92%2.47%
Total Supply APR0.71%0.83%
Total Borrow APR0.00%0.00%
Total Supply Incentives Per Day in USD$53.03$68.20
Total Borrow Incentives Per Day in USD$53.03$68.20
Metric% Change
WELL Supply28.59%
WELL Borrow28.59%

VIRTUAL (MOONWELL_VIRTUAL)

Total Supply in USD: $2,501,190.18 Total Borrows in USD: $1,349,071.81 Reserves to auction: $5,591.84

MetricCurrent ValueNew Value
Supply APY4.68%4.68%
Borrow APY12.41%12.41%
WELL Supply APR0.63%0.48%
WELL Borrow APR4.27%3.23%
Total Supply APR5.31%5.16%
Total Borrow APR8.14%9.18%
Total Supply Incentives Per Day in USD$129.17$97.67
Total Borrow Incentives Per Day in USD$157.88$119.37
Metric% Change
WELL Supply-24.39%
WELL Borrow-24.39%

MORPHO (MOONWELL_MORPHO)

Total Supply in USD: $3,362,495.98 Total Borrows in USD: $772,704.68

MetricCurrent ValueNew Value
Supply APY0.79%0.79%
Borrow APY5.29%5.29%
WELL Supply APR0.54%0.48%
WELL Borrow APR7.2%6.29%
Total Supply APR1.33%1.27%
Total Borrow APR0.00%0.00%
Total Supply Incentives Per Day in USD$124.74$108.88
Total Borrow Incentives Per Day in USD$152.45$133.08
Metric% Change
WELL Supply-12.71%
WELL Borrow-12.71%

Optimism Network

If successful, the proposal would automatically distribute and adjust liquidity incentives for the period beginning 2025-06-13 at 03:30:00 UTC and ending on 2025-07-11 at 03:30:00 UTC.

MetricValue
Timestamp of capture1748922300
Closest block number136661761
Total Supply in USD for incentivized markets$71,279,281.51
Total Borrows in USD$40,735,530.57
Safety Module APR1.95%
Safety Module Boosted APR14.14%
Total WELL acquired in auctions (USD)$27,211.31
Total WELL to distribute DEX111,055.003 WELL
Total WELL to distribute Safety Module111,055.003 WELL
Total WELL to distribute Safety Module (Auctions)696,362.795 WELL
Total WELL to distribute Markets (Config)1,887,935.046 WELL
Total WELL to distribute Markets (Sanity Check)1887935.0457 WELL
Total WELL to distribute Markets (Supply Side)1887935.0457 WELL
Total WELL to distribute Markets (Borrow Side)0.0000 WELL
Total WELL to distribute Markets (Borrow + Supply)1887935.0457 WELL
Total WELL to distribute Markets (By Speed)1887935.0457 WELL
Total WELL to distribute (Config + Auctions)2917462.8492 WELL
Total WELL to distribute (Sanity Check)2806407.8465 WELL
Total OP to distribute Markets (Config)40000.0000 OP
Total OP to distribute Markets (Sanity Check)40000.0000 OP
Total OP to distribute Markets (Supply Side)40000.0000 OP
Total OP to distribute Markets (Borrow Side)0.0000 OP
Total OP to distribute Markets (Borrow + Supply)40000.0000 OP
Total OP to distribute Markets (By Speed)40000.0000 OP
Total WELL allocated to USDC vault depositors111,055.003 WELL
Total OP allocated to USDC vault depositors10,000 OP

USDC (MOONWELL_USDC)

Total Supply in USD: $11,439,760.10 Total Borrows in USD: $7,578,768.13

MetricCurrent ValueNew Value
Supply APY1.94%1.94%
Borrow APY3.25%3.25%
WELL Supply APR1.27%1.35%
WELL Borrow APR0%0%
OP Supply APR0.67%0.5%
OP Borrow APR0%0%
Total Supply APR3.88%3.79%
Total Borrow APR3.25%3.25%
Total Supply Incentives Per Day in USD$766.93$732.16
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply6.24%
WELL Borrow0%
OP Supply-25%
OP Borrow0%

USDT (MOONWELL_USDT)

Total Supply in USD: $490,990.77 Total Borrows in USD: $298,345.71

MetricCurrent ValueNew Value
Supply APY1.63%1.63%
Borrow APY2.98%2.98%
WELL Supply APR2.24%1.35%
WELL Borrow APR0%0%
OP Supply APR1.18%0.5%
OP Borrow APR0%0%
Total Supply APR5.05%3.48%
Total Borrow APR2.98%2.98%
Total Supply Incentives Per Day in USD$22.62$12.22
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply-39.89%
WELL Borrow0%
OP Supply-57.57%
OP Borrow0%

DAI (MOONWELL_DAI)

Total Supply in USD: $291,883.42 Total Borrows in USD: $232,336.00 Reserves to auction: $3,396.23

MetricCurrent ValueNew Value
Supply APY2.79%2.79%
Borrow APY3.90%3.90%
WELL Supply APR1.85%1.35%
WELL Borrow APR0%0%
OP Supply APR0.97%0.5%
OP Borrow APR0%0%
Total Supply APR5.61%4.64%
Total Borrow APR3.90%3.90%
Total Supply Incentives Per Day in USD$22.55$14.80
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply-26.93%
WELL Borrow0%
OP Supply-48.42%
OP Borrow0%

ETH (MOONWELL_WETH)

Total Supply in USD: $32,859,038.33 Total Borrows in USD: $28,366,517.99

MetricCurrent ValueNew Value
Supply APY1.27%1.27%
Borrow APY1.64%1.64%
WELL Supply APR1.03%1.35%
WELL Borrow APR0%0%
OP Supply APR0.54%0.5%
OP Borrow APR0%0%
Total Supply APR2.84%3.12%
Total Borrow APR1.64%1.64%
Total Supply Incentives Per Day in USD$1,628.22$1,919.62
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply31.21%
WELL Borrow0%
OP Supply-7.38%
OP Borrow0%

wstETH (MOONWELL_wstETH)

Total Supply in USD: $3,037,518.30 Total Borrows in USD: $210,958.03 Reserves to auction: $2,191.78

MetricCurrent ValueNew Value
Supply APY0.03%0.03%
Borrow APY0.42%0.42%
WELL Supply APR1.19%1.35%
WELL Borrow APR0%0%
OP Supply APR0.63%0.5%
OP Borrow APR0%0%
Total Supply APR1.85%1.88%
Total Borrow APR0.42%0.42%
Total Supply Incentives Per Day in USD$150.87$154.02
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply13.61%
WELL Borrow0%
OP Supply-19.8%
OP Borrow0%

rETH (MOONWELL_rETH)

Total Supply in USD: $324,893.67 Total Borrows in USD: $44,568.44 Reserves to auction: $270.53

MetricCurrent ValueNew Value
Supply APY0.10%0.10%
Borrow APY0.84%0.84%
WELL Supply APR1.28%1.35%
WELL Borrow APR0%0%
OP Supply APR0.68%0.5%
OP Borrow APR0%0%
Total Supply APR2.06%1.95%
Total Borrow APR0.84%0.84%
Total Supply Incentives Per Day in USD$17.43$16.47
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply5.2%
WELL Borrow0%
OP Supply-25.74%
OP Borrow0%

OP (MOONWELL_OP)

Total Supply in USD: $1,481,573.16 Total Borrows in USD: $66,977.05 Reserves to auction: $581.98

MetricCurrent ValueNew Value
Supply APY0.08%0.08%
Borrow APY2.45%2.45%
WELL Supply APR0.8%1.35%
WELL Borrow APR0%0%
OP Supply APR0.42%0.5%
OP Borrow APR0%0%
Total Supply APR1.30%1.93%
Total Borrow APR2.45%2.45%
Total Supply Incentives Per Day in USD$49.36$75.12
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply69.37%
WELL Borrow0%
OP Supply19.57%
OP Borrow0%

weETH (MOONWELL_weETH)

Total Supply in USD: $2,317,256.01 Total Borrows in USD: $195,077.53 Reserves to auction: $278.90

MetricCurrent ValueNew Value
Supply APY0.09%0.09%
Borrow APY1.26%1.26%
WELL Supply APR0.66%1.35%
WELL Borrow APR0%0%
OP Supply APR0.35%0.5%
OP Borrow APR0%0%
Total Supply APR1.10%1.94%
Total Borrow APR1.26%1.26%
Total Supply Incentives Per Day in USD$63.72$117.50
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply105.21%
WELL Borrow0%
OP Supply44.87%
OP Borrow0%

VELO (MOONWELL_VELO)

Total Supply in USD: $1,997,423.90 Total Borrows in USD: $105,749.49 Reserves to auction: $1,627.35

MetricCurrent ValueNew Value
Supply APY0.10%0.10%
Borrow APY2.53%2.53%
WELL Supply APR1.33%1.35%
WELL Borrow APR0%0%
OP Supply APR0.7%0.5%
OP Borrow APR0%0%
Total Supply APR2.13%1.95%
Total Borrow APR2.53%2.53%
Total Supply Incentives Per Day in USD$111.27$101.28
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply1.29%
WELL Borrow0%
OP Supply-28.49%
OP Borrow0%

wrsETH (MOONWELL_wrsETH)

Total Supply in USD: $99,590.84 Total Borrows in USD: $13,002.11 Reserves to auction: $361.89

MetricCurrent ValueNew Value
Supply APY0.22%0.22%
Borrow APY1.96%1.96%
WELL Supply APR1.55%1.35%
WELL Borrow APR0%0%
OP Supply APR0.81%0.5%
OP Borrow APR0%0%
Total Supply APR2.58%2.07%
Total Borrow APR1.96%1.96%
Total Supply Incentives Per Day in USD$6.44$5.05
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply-12.71%
WELL Borrow0%
OP Supply-38.38%
OP Borrow0%

USDT0 (MOONWELL_USDT0)

Total Supply in USD: $9,189,353.01 Total Borrows in USD: $3,623,230.09

MetricCurrent ValueNew Value
Supply APY0.72%0.72%
Borrow APY2.03%2.03%
WELL Supply APR0%1.35%
WELL Borrow APR0%0%
OP Supply APR0%0.5%
OP Borrow APR0%0%
Total Supply APR0.72%2.57%
Total Borrow APR2.03%2.03%
Total Supply Incentives Per Day in USD$0.00$465.95
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply100%
WELL Borrow0%
OP Supply100%
OP Borrow0%

Moonbeam Network

If successful, the proposal would automatically distribute and adjust liquidity incentives for the period beginning 2025-06-13 at 03:30:00 UTC and ending on 2025-07-11 at 03:30:00 UTC.

MetricValue
Timestamp of capture1748922300
Closest block number11140379
Total Supply in USD for incentivized markets$8,844,268.20
Total Borrows in USD$1,029,653.48
Safety Module APR2.12%
Total LP (GLMR/WELL on StellaSwap)$53,283.00
Total WELL to distribute DEX9,789.316 WELL
Total WELL to distribute Safety Module92,019.571 WELL
Total WELL to distribute Markets (Config)93,977.434 WELL
Total WELL to distribute Markets (Sanity Check)93977.4341 WELL
Total WELL to distribute Markets (Supply Side)84633.9290 WELL
Total WELL to distribute Markets (Borrow Side)9343.5051 WELL
Total WELL to distribute Markets (Borrow + Supply)93977.4341 WELL
Total WELL to distribute Markets (By Speed)93977.4341 WELL
Total WELL to distribute (Config)195786.3210 WELL
Total WELL to distribute (Sanity Check)195786.3210 WELL
Total GLMR to distribute Markets (Config)187500.0000 GLMR
Total GLMR to distribute Markets (Sanity Check)187500.0000 GLMR
Total GLMR to distribute Markets (Supply Side)168858.2141 GLMR
Total GLMR to distribute Markets (Borrow Side)18641.7859 GLMR
Total GLMR to distribute Markets (Borrow + Supply)187500.0000 GLMR
Total GLMR to distribute Markets (By Speed)187500.0000 GLMR

GLMR (mGLIMMER)

Total Supply in USD: $1,024,154.68 Total Borrows in USD: $508,910.88

MetricCurrent ValueNew Value
Supply APY2.35%2.35%
Borrow APY9.45%9.45%
WELL Supply APR0.35%0.27%
WELL Borrow APR0.71%0.54%
GLMR Supply APR1.04%1.1%
GLMR Borrow APR2.08%2.22%
Total Supply APR3.74%3.72%
Total Borrow APR6.66%6.69%
Total Supply Incentives Per Day in USD$38.91$38.56
Total Borrow Incentives Per Day in USD$38.91$38.56
Metric% Change
WELL Supply-22.82%
WELL Borrow-22.82%
GLMR Supply6.52%
GLMR Borrow6.52%

DOT (mxcDOT)

Total Supply in USD: $2,085,623.35 Total Borrows in USD: $128,406.33

MetricCurrent ValueNew Value
Supply APY0.14%0.14%
Borrow APY2.92%2.92%
WELL Supply APR0.75%0.54%
WELL Borrow APR0%0%
GLMR Supply APR2.21%2.21%
GLMR Borrow APR0%0%
Total Supply APR3.10%2.89%
Total Borrow APR2.92%2.92%
Total Supply Incentives Per Day in USD$573.32$533.54
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply-27.52%
WELL Borrow0%
GLMR Supply0.03%
GLMR Borrow0%

FRAX (mFRAX)

Total Supply in USD: $61,951.01 Total Borrows in USD: $734.32

MetricCurrent ValueNew Value
Supply APY0.00%0.00%
Borrow APY0.17%0.17%
WELL Supply APR0.31%0.27%
WELL Borrow APR26.35%22.83%
GLMR Supply APR0.92%1.1%
GLMR Borrow APR77.85%93.11%
Total Supply APR1.23%1.37%
Total Borrow APR0.00%0.00%
Total Supply Incentives Per Day in USD$2.10$2.33
Total Borrow Incentives Per Day in USD$2.10$2.33
Metric% Change
WELL Supply-13.34%
WELL Borrow-13.34%
GLMR Supply19.6%
GLMR Borrow19.6%

USDC.wh (mUSDCwh)

Total Supply in USD: $95,378.56 Total Borrows in USD: $70,554.12

MetricCurrent ValueNew Value
Supply APY39.09%39.09%
Borrow APY75.50%75.50%
WELL Supply APR0.72%0.27%
WELL Borrow APR0.98%0.37%
GLMR Supply APR2.13%1.1%
GLMR Borrow APR2.88%1.49%
Total Supply APR41.94%40.46%
Total Borrow APR71.64%73.64%
Total Supply Incentives Per Day in USD$7.46$3.59
Total Borrow Incentives Per Day in USD$7.46$3.59
Metric% Change
WELL Supply-62.49%
WELL Borrow-62.49%
GLMR Supply-48.23%
GLMR Borrow-48.23%

xcUSDT (mxcUSDT)

Total Supply in USD: $254,743.28 Total Borrows in USD: $141,629.83

MetricCurrent ValueNew Value
Supply APY3.03%3.03%
Borrow APY7.78%7.78%
WELL Supply APR0.33%0.27%
WELL Borrow APR0.59%0.49%
GLMR Supply APR0.96%1.1%
GLMR Borrow APR1.73%1.98%
Total Supply APR4.32%4.40%
Total Borrow APR5.46%5.31%
Total Supply Incentives Per Day in USD$8.99$9.59
Total Borrow Incentives Per Day in USD$8.99$9.59
Metric% Change
WELL Supply-16.93%
WELL Borrow-16.93%
GLMR Supply14.65%
GLMR Borrow14.65%

xcUSDC (mxcUSDC)

Total Supply in USD: $322,417.32 Total Borrows in USD: $179,418.00

MetricCurrent ValueNew Value
Supply APY3.03%3.03%
Borrow APY7.79%7.79%
WELL Supply APR0.4%0.27%
WELL Borrow APR0.71%0.49%
GLMR Supply APR1.17%1.1%
GLMR Borrow APR2.1%1.98%
Total Supply APR4.60%4.40%
Total Borrow APR4.98%5.32%
Total Supply Incentives Per Day in USD$13.80$12.14
Total Borrow Incentives Per Day in USD$13.80$12.14
Metric% Change
WELL Supply-31.49%
WELL Borrow-31.49%
GLMR Supply-5.45%
GLMR Borrow-5.45%
Continue Reading
Connect Wallet to Add Note
0
Votes 514
VoterCast PowerVote & Rationale
0x8187...C95539
62M

FOR

0xb6cb...82E698
44.878M

FOR

0xB540...6e78B4
15.349M

FOR

0xBB2b...2F26fD
14.056M

FOR

0x5027...087ff8
12.27M

FOR

SHOW MORE
VOTE POWER
0
Connect Wallet
Proposal Status
  • Thu June 05 2025, 07:59 pmPublished Onchain 0x10b8...004bE5
  • Thu June 05 2025, 07:59 pmVoting Period Starts
  • Sun June 08 2025, 07:59 pmEnd Voting Period
  • Queue Proposal
  • Mon June 09 2025, 08:01 pmExecute Proposal
Current Results

1-FOR

334.076M

99.16%

2-ABSTAIN

2.61M

0.77%

3-AGAINST

234,042.66

0.07%
Quorum 336.921M/100M
DocumentationBrandingContact Us