MIP-B26 Automated Liquidity Incentive Proposal
This is an automated liquidity incentive governance proposal for the Moonwell protocol on the Base network. If successful, the proposal would automatically distribute and adjust liquidity incentives for the period beginning 2024-09-06 at 03:30:00 UTC and ending on 2024-10-04 at 03:30:00 UTC.
Base Network
| Metric | Value |
|---|---|
| Timestamp of capture | 1724782480 |
| Closest block number | 18996566 |
| Total Supply in USD | $144,135,246.43 |
| Total Borrows in USD | $85,339,622.26 |
| Metric | Value |
|---|---|
| Total LP (ETH/WELL on Aerodrome) | $6,097,415.00 |
| Total WELL to distribute DEX | 118452.749481847757124342 WELL |
| Total WELL to distribute Safety Module | 4619657.229792062193155289 WELL |
| Total WELL to distribute Markets (Config) | 7107164.968910864554345608 WELL |
| Total WELL to distribute Markets (Sanity Check) | 7107164.968910862691700459 WELL |
| Total WELL to distribute Markets (Supply Side) | 3465457.731973673216998577 WELL |
| Total WELL to distribute Markets (Borrow Side) | 3641707.236937189940363169 WELL |
| Total WELL to distribute Markets (Borrow + Supply) | 7107164.968910863623023033 WELL |
| Total WELL to distribute Markets (By Speed) | 7107164.968910863623023033 WELL |
| Total WELL to distribute (Config) | 11845274.948184775188565254 WELL |
| Total WELL to distribute (Sanity Check) | 11845274.948184773325920105 WELL |
| Total USDC to distribute Markets (Config) | 0.000000000000000000 USDC |
| Total USDC to distribute Markets (Sanity Check) | 0.000000000000000000 USDC |
| Total USDC to distribute Markets (Supply Side) | 0.000000000000000000 USDC |
| Total USDC to distribute Markets (Borrow Side) | 0.000000000000000000 USDC |
| Total USDC to distribute Markets (Borrow + Supply) | 0.000000000000000000 USDC |
| Total USDC to distribute Markets (By Speed) | 21.772800000000000153 USDC |
USDbC (MOONWELL_USDBC)
Total Supply in USD: $2,386.01 Total Borrows in USD: $103,563.89
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 0.95% | 0.95% |
| Borrow APY | 2.60% | 2.60% |
| WELL Supply APR | 26.28% | 0.48% |
| WELL Borrow APR | 0.61% | 0.01% |
| USDC Supply APR | 0% | 0% |
| USDC Borrow APR | 0% | 0.03% |
| Total Supply APR | 27.23% | 1.43% |
| Total Borrow APR | 1.99% | 2.56% |
| Total Supply Incentives Per Day in USD | $1.72 | $0.03 |
| Total Borrow Incentives Per Day in USD | $1.72 | $0.12 |
| Metric | % Change |
|---|---|
| WELL Supply | -98.18% |
| WELL Borrow | -98.18% |
| USDC Supply | -100% |
| USDC Borrow | 0% |
ETH (MOONWELL_WETH)
Total Supply in USD: $68,612,292.52 Total Borrows in USD: $49,063,963.07
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 0.43% | 0.43% |
| Borrow APY | 0.72% | 0.72% |
| WELL Supply APR | 0.48% | 0.48% |
| WELL Borrow APR | 0.67% | 0.67% |
| USDC Supply APR | 0% | 0% |
| USDC Borrow APR | 0% | 0% |
| Total Supply APR | 0.91% | 0.91% |
| Total Borrow APR | 0.05% | 0.05% |
| Total Supply Incentives Per Day in USD | $903.72 | $897.87 |
| Total Borrow Incentives Per Day in USD | $903.72 | $897.96 |
| Metric | % Change |
|---|---|
| WELL Supply | -0.65% |
| WELL Borrow | -0.65% |
| USDC Supply | 0% |
| USDC Borrow | 0% |
cbETH (MOONWELL_cbETH)
Total Supply in USD: $9,977,482.94 Total Borrows in USD: $1,902,747.34
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 0.13% | 0.13% |
| Borrow APY | 0.97% | 0.97% |
| WELL Supply APR | 0.51% | 0.43% |
| WELL Borrow APR | 3.24% | 2.76% |
| USDC Supply APR | 0% | 0% |
| USDC Borrow APR | 0% | 0% |
| Total Supply APR | 0.64% | 0.56% |
| Total Borrow APR | -2.27% | -1.79% |
| Total Supply Incentives Per Day in USD | $138.24 | $117.51 |
| Total Borrow Incentives Per Day in USD | $168.96 | $143.71 |
| Metric | % Change |
|---|---|
| WELL Supply | -14.99% |
| WELL Borrow | -14.99% |
| USDC Supply | 0% |
| USDC Borrow | 0% |
DAI (MOONWELL_DAI)
Total Supply in USD: $934,793.76 Total Borrows in USD: $421,651.63
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 1.09% | 1.09% |
| Borrow APY | 3.02% | 3.02% |
| WELL Supply APR | 0.47% | 0.48% |
| WELL Borrow APR | 1.05% | 1.06% |
| USDC Supply APR | 0% | 0% |
| USDC Borrow APR | 0% | 0.01% |
| Total Supply APR | 1.56% | 1.57% |
| Total Borrow APR | 1.97% | 1.95% |
| Total Supply Incentives Per Day in USD | $12.09 | $12.23 |
| Total Borrow Incentives Per Day in USD | $12.09 | $12.32 |
| Metric | % Change |
|---|---|
| WELL Supply | 1.19% |
| WELL Borrow | 1.19% |
| USDC Supply | 0% |
| USDC Borrow | 0% |
USDC (MOONWELL_USDC)
Total Supply in USD: $38,841,893.21 Total Borrows in USD: $23,520,727.79
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 2.50% | 2.50% |
| Borrow APY | 4.12% | 4.12% |
| WELL Supply APR | 0.4% | 0.48% |
| WELL Borrow APR | 0.66% | 0.79% |
| USDC Supply APR | 0% | 0% |
| USDC Borrow APR | 0% | 0% |
| Total Supply APR | 2.90% | 2.98% |
| Total Borrow APR | 3.46% | 3.33% |
| Total Supply Incentives Per Day in USD | $428.16 | $508.29 |
| Total Borrow Incentives Per Day in USD | $428.16 | $508.38 |
| Metric | % Change |
|---|---|
| WELL Supply | 18.72% |
| WELL Borrow | 18.72% |
| USDC Supply | 0% |
| USDC Borrow | 0% |
wstETH (MOONWELL_wstETH)
Total Supply in USD: $9,569,172.10 Total Borrows in USD: $2,092,083.94
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 0.17% | 0.17% |
| Borrow APY | 1.10% | 1.10% |
| WELL Supply APR | 0.53% | 0.43% |
| WELL Borrow APR | 2.95% | 2.4% |
| USDC Supply APR | 0% | 0% |
| USDC Borrow APR | 0% | 0% |
| Total Supply APR | 0.70% | 0.60% |
| Total Borrow APR | -1.85% | -1.30% |
| Total Supply Incentives Per Day in USD | $138.47 | $112.70 |
| Total Borrow Incentives Per Day in USD | $169.24 | $137.84 |
| Metric | % Change |
|---|---|
| WELL Supply | -18.61% |
| WELL Borrow | -18.61% |
| USDC Supply | 0% |
| USDC Borrow | 0% |
rETH (MOONWELL_rETH)
Total Supply in USD: $2,569,000.32 Total Borrows in USD: $603,687.15
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 0.29% | 0.29% |
| Borrow APY | 1.43% | 1.43% |
| WELL Supply APR | 0.45% | 0.43% |
| WELL Borrow APR | 2.35% | 2.24% |
| USDC Supply APR | 0% | 0% |
| USDC Borrow APR | 0% | 0.01% |
| Total Supply APR | 0.74% | 0.72% |
| Total Borrow APR | -0.92% | -0.82% |
| Total Supply Incentives Per Day in USD | $31.78 | $30.26 |
| Total Borrow Incentives Per Day in USD | $38.84 | $37.07 |
| Metric | % Change |
|---|---|
| WELL Supply | -4.8% |
| WELL Borrow | -4.8% |
| USDC Supply | 0% |
| USDC Borrow | 0% |
AERO (MOONWELL_AERO)
Total Supply in USD: $13,126,261.43 Total Borrows in USD: $7,630,744.16
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 26.12% | 26.12% |
| Borrow APY | 64.20% | 64.20% |
| WELL Supply APR | 0.37% | 0.43% |
| WELL Borrow APR | 0.78% | 0.9% |
| USDC Supply APR | 0% | 0% |
| USDC Borrow APR | 0% | 0% |
| Total Supply APR | 26.49% | 26.55% |
| Total Borrow APR | 63.42% | 63.30% |
| Total Supply Incentives Per Day in USD | $133.98 | $154.59 |
| Total Borrow Incentives Per Day in USD | $163.75 | $189.04 |
| Metric | % Change |
|---|---|
| WELL Supply | 15.39% |
| WELL Borrow | 15.39% |
| USDC Supply | 0% |
| USDC Borrow | 0% |
weETH (MOONWELL_weETH)
Total Supply in USD: $501,964.14 Total Borrows in USD: $453.29
| Metric | Current Value | New Value |
|---|---|---|
| Supply APY | 0.68% | 0.68% |
| Borrow APY | 3.46% | 3.46% |
| WELL Supply APR | 0% | 0.43% |
| WELL Borrow APR | 0% | 581.83% |
| USDC Supply APR | 0% | 0% |
| USDC Borrow APR | 0% | 6.96% |
| Total Supply APR | 0.68% | 1.11% |
| Total Borrow APR | 3.46% | -585.33% |
| Total Supply Incentives Per Day in USD | $0.00 | $5.91 |
| Total Borrow Incentives Per Day in USD | $0.00 | $7.32 |
| Metric | % Change |
|---|---|
| WELL Supply | 0% |
| WELL Borrow | 562716702629974700% |
| USDC Supply | 0% |
| USDC Borrow | 0% |
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
0xb6cb...82E698 | 29.996M | FOR |
0xA28A...3a7671 | 28.292M | ABSTAIN |
0x80f3...f04e06 | 24.238M | FOR |
Coolhorsegirl | 5.571M | FOR |
Fechuky | 5.561M | FOR |
VOTE POWER
Proposal Status
- Wed August 28 2024, 08:13 pmVoting Period Starts
- Sat August 31 2024, 08:13 pmEnd Voting Period
- Queue Proposal
- Sun September 01 2024, 10:46 pmExecute Proposal
Current Results
1-FOR
87.859M
2-ABSTAIN
28.292M
3-AGAINST
N/A Tokens

