MIP-M35 Automated Liquidity Incentive Proposal
This is an automated liquidity incentive governance proposal for the Moonwell protocol on the Moonbeam network. If successful, the proposal would automatically distribute and adjust liquidity incentives for the period beginning 2024-08-09 at 03:30:00 UTC and ending on 2024-09-06 at 03:30:00 UTC.
Moonbeam Network
| Metric | Value |
|---|---|
| Total Supply in USD | $52,251,067.85 |
| Total Borrows in USD | $3,818,852.85 |
| Total LP (GLMR/WELL on StellaSwap) | $220,416.00 |
| Total WELL to distribute DEX | 106202.375773511579609476 WELL |
| Total WELL to distribute Safety Module | 998302.332271008752286434 WELL |
| Total WELL to distribute Markets (Config) | 1019542.807425711071118712 WELL |
| Total WELL to distribute Markets (Sanity Check) | 1019542.807425711071118712 WELL |
| Total WELL to distribute Markets (Supply Side) | 670239.586106964386999607 WELL |
| Total WELL to distribute Markets (Borrow Side) | 349303.221318746509496123 WELL |
| Total WELL to distribute Markets (Borrow + Supply) | 1019542.807425710838288069 WELL |
| Total WELL to distribute Markets (By Speed) | 1019542.807425710838288069 WELL |
| Total WELL to distribute (Config) | 2124047.515470231417566538 WELL |
| Total WELL to distribute (Sanity Check) | 2124047.515470231417566538 WELL |
GLMR (mGLIMMER)
Total Supply in USD: $14,528,704.62 Total Borrows in USD: $1,414,965.87
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 1.36% | 1.36% |
| Borrow APY | 6.69% | 6.69% |
| WELL Supply APR | 2.98% | 0.23% |
| WELL Borrow APR | 0% | 2.32% |
| GLMR Supply APR | 0.87% | 0.45% |
| GLMR Borrow APR | 0% | 4.6% |
| Total Supply APR | 5.21% | 2.04% |
| Total Borrow APR | 6.69% | 13.61% |
| Total Supply Incentives Per Day in USD | $1,531.67 | $268.31 |
| Total Borrow Incentives Per Day in USD | $0.00 | $268.31 |
| Metric | % Change |
|---|---|
| WELL Supply | -92.42% |
| WELL Borrow | 5859160830128412000% |
| GLMR Supply | -48.51% |
| GLMR Borrow | 1077534604381117200% |
DOT (mxcDOT)
Total Supply in USD: $16,291,458.14 Total Borrows in USD: $637,980.32
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 0.23% | 0.23% |
| Borrow APY | 3.52% | 3.52% |
| WELL Supply APR | 3.25% | 0.23% |
| WELL Borrow APR | 0% | 5.77% |
| GLMR Supply APR | 0.95% | 0.45% |
| GLMR Borrow APR | 0% | 11.45% |
| Total Supply APR | 4.43% | 0.91% |
| Total Borrow APR | 3.52% | 20.74% |
| Total Supply Incentives Per Day in USD | $1,872.03 | $300.87 |
| Total Borrow Incentives Per Day in USD | $0.00 | $300.87 |
| Metric | % Change |
|---|---|
| WELL Supply | -93.04% |
| WELL Borrow | 6570047085933505000% |
| GLMR Supply | -52.76% |
| GLMR Borrow | 1208270824569858000% |
FRAX (mFRAX)
Total Supply in USD: $1,221,905.67 Total Borrows in USD: $60,803.33
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 0.02% | 0.02% |
| Borrow APY | 0.40% | 0.40% |
| WELL Supply APR | 4.59% | 0.23% |
| WELL Borrow APR | 0% | 4.54% |
| GLMR Supply APR | 1.34% | 0.45% |
| GLMR Borrow APR | 0% | 9.01% |
| Total Supply APR | 5.95% | 0.70% |
| Total Borrow APR | 0.40% | 13.95% |
| Total Supply Incentives Per Day in USD | $198.55 | $22.57 |
| Total Borrow Incentives Per Day in USD | $0.00 | $22.57 |
| Metric | % Change |
|---|---|
| WELL Supply | -95.08% |
| WELL Borrow | 492772207783758700% |
| GLMR Supply | -66.59% |
| GLMR Borrow | 90623746532768350% |
ETH.wh (mETHwh)
Total Supply in USD: $1,145,157.67 Total Borrows in USD: $59,261.76
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 0.10% | 0.10% |
| Borrow APY | 2.97% | 2.97% |
| WELL Supply APR | 4.2% | 0.23% |
| WELL Borrow APR | 0% | 4.36% |
| GLMR Supply APR | 1.23% | 0.45% |
| GLMR Borrow APR | 0% | 8.66% |
| Total Supply APR | 5.53% | 0.78% |
| Total Borrow APR | 2.97% | 15.99% |
| Total Supply Incentives Per Day in USD | $170.19 | $21.15 |
| Total Borrow Incentives Per Day in USD | $0.00 | $21.15 |
| Metric | % Change |
|---|---|
| WELL Supply | -94.62% |
| WELL Borrow | 461821142685300300% |
| GLMR Supply | -63.47% |
| GLMR Borrow | 84931661155192060% |
WBTC.wh (MOONWELL_mWBTC)
Total Supply in USD: $16,447,830.98 Total Borrows in USD: $27,542.21
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 0.00% | 0.00% |
| Borrow APY | 2.03% | 2.03% |
| WELL Supply APR | 2.34% | 0.45% |
| WELL Borrow APR | 0% | 0% |
| GLMR Supply APR | 0.68% | 0.9% |
| GLMR Borrow APR | 0% | 0% |
| Total Supply APR | 3.02% | 1.35% |
| Total Borrow APR | 2.03% | 2.03% |
| Total Supply Incentives Per Day in USD | $1,361.48 | $607.51 |
| Total Borrow Incentives Per Day in USD | $0.00 | $0.00 |
| Metric | % Change |
|---|---|
| WELL Supply | -80.68% |
| WELL Borrow | 0% |
| GLMR Supply | 31.16% |
| GLMR Borrow | 0% |
USDC.wh (mUSDCwh)
Total Supply in USD: $1,135,247.72 Total Borrows in USD: $783,465.83
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 3.67% | 3.67% |
| Borrow APY | 7.59% | 7.59% |
| WELL Supply APR | 4.23% | 0.23% |
| WELL Borrow APR | 0% | 0.33% |
| GLMR Supply APR | 1.24% | 0.45% |
| GLMR Borrow APR | 0% | 0.65% |
| Total Supply APR | 9.14% | 4.35% |
| Total Borrow APR | 7.59% | 8.57% |
| Total Supply Incentives Per Day in USD | $170.19 | $20.96 |
| Total Borrow Incentives Per Day in USD | $0.00 | $20.96 |
| Metric | % Change |
|---|---|
| WELL Supply | -94.67% |
| WELL Borrow | 457824640854829300% |
| GLMR Supply | -63.79% |
| GLMR Borrow | 84196680644559680% |
xcUSDT (mxcUSDT)
Total Supply in USD: $959,965.69 Total Borrows in USD: $577,132.54
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 3.54% | 3.54% |
| Borrow APY | 8.42% | 8.42% |
| WELL Supply APR | 6.68% | 0.23% |
| WELL Borrow APR | 0% | 0.38% |
| GLMR Supply APR | 1.95% | 0.45% |
| GLMR Borrow APR | 0% | 0.75% |
| Total Supply APR | 12.17% | 4.22% |
| Total Borrow APR | 8.42% | 9.55% |
| Total Supply Incentives Per Day in USD | $226.91 | $17.73 |
| Total Borrow Incentives Per Day in USD | $0.00 | $17.73 |
| Metric | % Change |
|---|---|
| WELL Supply | -96.62% |
| WELL Borrow | 387136606035635460% |
| GLMR Supply | -77.03% |
| GLMR Borrow | 71196729654699360% |
xcUSDC (mxcUSDC)
Total Supply in USD: $520,797.36 Total Borrows in USD: $257,700.99
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 2.40% | 2.40% |
| Borrow APY | 6.93% | 6.93% |
| WELL Supply APR | 7.69% | 0.23% |
| WELL Borrow APR | 0% | 0.46% |
| GLMR Supply APR | 2.25% | 0.45% |
| GLMR Borrow APR | 0% | 0.91% |
| Total Supply APR | 12.34% | 3.08% |
| Total Borrow APR | 6.93% | 8.30% |
| Total Supply Incentives Per Day in USD | $141.82 | $9.62 |
| Total Borrow Incentives Per Day in USD | $0.00 | $9.62 |
| Metric | % Change |
|---|---|
| WELL Supply | -97.06% |
| WELL Borrow | 210028050349495870% |
| GLMR Supply | -80.07% |
| GLMR Borrow | 38625410481746570% |
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
0xb6cb...82E698 | 29.028M | FOR |
0x0F23...Dd2287 | 26.635M | ABSTAIN |
0x80f3...f04e06 | 20.181M | FOR |
0x7a4f...eE968f | 12.41M | FOR |
0x4319...f8D250 | 5.69M | FOR |
VOTE POWER
Proposal Status
- Wed July 31 2024, 08:22 pmVoting Period Starts
- Sat August 03 2024, 08:22 pmEnd Voting Period
- Queue Proposal
- Sun August 04 2024, 08:24 pmExecute Proposal
Current Results
1-FOR
92.039M
2-ABSTAIN
26.635M
3-AGAINST
46,415.883

