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executedEnded 2 years ago · Onchain

MIP-O07 Automated Liquidity Incentive Proposal

Please Note: Due to gas limit constraints on the Moonbeam Network, September’s automated liquidity incentive rebalancing proposal for Optimism has been divided into two separate parts. MIP-O07 represents Part 2 of this proposal.

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

Optimism Network

Metric	Value
Timestamp of capture	1724782480
Closest block number	124591851
Total Supply in USD	$21,539,574.13
Total Borrows in USD	$6,516,297.31

Metric	Value
Total WELL to distribute DEX	14485.634121658838921576 WELL
Total WELL to distribute Safety Module	202798.877703223755815998 WELL
Total WELL to distribute Markets (Config)	1231278.900341001339256763 WELL
Total WELL to distribute Markets (Sanity Check)	1231278.900341001339256763 WELL
Total WELL to distribute Markets (Supply Side)	663969.653397907037287951 WELL
Total WELL to distribute Markets (Borrow Side)	567309.246943094418384135 WELL
Total WELL to distribute Markets (Borrow + Supply)	1231278.900341001339256763 WELL
Total WELL to distribute Markets (By Speed)	1231278.900341001339256763 WELL
Total WELL to distribute (Config)	1448563.412165883928537369 WELL
Total WELL to distribute (Sanity Check)	1448563.412165883928537369 WELL
Total OP to distribute Markets (Config)	17043.818170419999660226 OP
Total OP to distribute Markets (Sanity Check)	17043.818170419999660226 OP
Total OP to distribute Markets (Supply Side)	9190.913642763309326256 OP
Total OP to distribute Markets (Borrow Side)	7852.904527656689424475 OP
Total OP to distribute Markets (Borrow + Supply)	17043.818170419999660226 OP
Total OP to distribute Markets (By Speed)	17043.818170420006936183 OP

USDC (MOONWELL_USDC)

Total Supply in USD: $6,334,502.79 Total Borrows in USD: $2,668,955.39

Metric	Current Value	New Value
Supply APY	4.64%	4.64%
Borrow APY	6.10%	6.10%
WELL Supply APR	0.49%	0.55%
WELL Borrow APR	0%	1.31%
OP Supply APR	2.13%	0.73%
OP Borrow APR	0%	1.73%
Total Supply APR	7.26%	5.92%
Total Borrow APR	6.10%	3.06%
Total Supply Incentives Per Day in USD	$455.90	$222.67
Total Borrow Incentives Per Day in USD	$0.00	$222.67

Metric	% Change
WELL Supply	12.3%
WELL Borrow	7483936383808280000%
OP Supply	-65.82%
OP Borrow	103595416837966270%

USDT (MOONWELL_USDT)

Total Supply in USD: $2,386,479.51 Total Borrows in USD: $479,205.74

Metric	Current Value	New Value
Supply APY	4.04%	4.04%
Borrow APY	5.65%	5.65%
WELL Supply APR	0.26%	0.55%
WELL Borrow APR	0%	2.76%
OP Supply APR	1.13%	0.73%
OP Borrow APR	0%	3.63%
Total Supply APR	5.43%	5.32%
Total Borrow APR	5.65%	-0.74%
Total Supply Incentives Per Day in USD	$91.17	$83.89
Total Borrow Incentives Per Day in USD	$0.00	$83.89

Metric	% Change
WELL Supply	111.55%
WELL Borrow	2819520554075868000%
OP Supply	-35.61%
OP Borrow	39028846866556344%

DAI (MOONWELL_DAI)

Total Supply in USD: $1,155,809.67 Total Borrows in USD: $482,409.45

Metric	Current Value	New Value
Supply APY	3.86%	3.86%
Borrow APY	5.52%	5.52%
WELL Supply APR	0.54%	0.55%
WELL Borrow APR	0%	1.33%
OP Supply APR	2.34%	0.73%
OP Borrow APR	0%	1.75%
Total Supply APR	6.74%	5.14%
Total Borrow APR	5.52%	2.44%
Total Supply Incentives Per Day in USD	$91.17	$40.63
Total Borrow Incentives Per Day in USD	$0.00	$40.63

Metric	% Change
WELL Supply	2.45%
WELL Borrow	1365538279299396000%
OP Supply	-68.82%
OP Borrow	18902286176333630%

WBTC (MOONWELL_WBTC)

Total Supply in USD: $1,471,564.24 Total Borrows in USD: $403,387.52

Metric	Current Value	New Value
Supply APY	0.93%	0.93%
Borrow APY	3.78%	3.78%
WELL Supply APR	0.85%	1.11%
WELL Borrow APR	0%	0%
OP Supply APR	3.67%	1.46%
OP Borrow APR	0%	0%
Total Supply APR	5.45%	3.50%
Total Borrow APR	3.78%	3.78%
Total Supply Incentives Per Day in USD	$182.36	$103.46
Total Borrow Incentives Per Day in USD	$0.00	$0.00

Metric	% Change
WELL Supply	30.44%
WELL Borrow	0%
OP Supply	-60.3%
OP Borrow	0%

ETH (MOONWELL_WETH)

Total Supply in USD: $7,314,390.82 Total Borrows in USD: $1,937,623.85

Metric	Current Value	New Value
Supply APY	1.81%	1.81%
Borrow APY	4.47%	4.47%
WELL Supply APR	0.43%	0.55%
WELL Borrow APR	0%	2.09%
OP Supply APR	1.85%	0.73%
OP Borrow APR	0%	2.75%
Total Supply APR	4.09%	3.09%
Total Borrow APR	4.47%	-0.37%
Total Supply Incentives Per Day in USD	$455.89	$257.11
Total Borrow Incentives Per Day in USD	$0.00	$257.11

Metric	% Change
WELL Supply	29.67%
WELL Borrow	8641630984141258000%
OP Supply	-60.53%
OP Borrow	119620653897975740%

wstETH (MOONWELL_wstETH)

Total Supply in USD: $752,203.98 Total Borrows in USD: $231,503.37

Metric	Current Value	New Value
Supply APY	0.53%	0.53%
Borrow APY	3.20%	3.20%
WELL Supply APR	1.66%	0.5%
WELL Borrow APR	0%	1.98%
OP Supply APR	7.19%	0.66%
OP Borrow APR	0%	2.61%
Total Supply APR	9.38%	1.69%
Total Borrow APR	3.20%	-1.39%
Total Supply Incentives Per Day in USD	$182.36	$23.80
Total Borrow Incentives Per Day in USD	$0.00	$29.08

Metric	% Change
WELL Supply	-69.99%
WELL Borrow	977565507604905000%
OP Supply	-90.87%
OP Borrow	13531823502114624%

cbETH (MOONWELL_cbETH)

Total Supply in USD: $8,600.07 Total Borrows in USD: $0.65

Metric	Current Value	New Value
Supply APY	0.00%	0.00%
Borrow APY	2.00%	2.00%
WELL Supply APR	145.27%	1.11%
WELL Borrow APR	0%	0%
OP Supply APR	628.68%	1.46%
OP Borrow APR	0%	0%
Total Supply APR	773.95%	2.57%
Total Borrow APR	2.00%	2.00%
Total Supply Incentives Per Day in USD	$182.36	$0.60
Total Borrow Incentives Per Day in USD	$0.00	$0.00

Metric	% Change
WELL Supply	-99.24%
WELL Borrow	0%
OP Supply	-99.77%
OP Borrow	0%

rETH (MOONWELL_rETH)

Total Supply in USD: $667,929.14 Total Borrows in USD: $219,833.91

Metric	Current Value	New Value
Supply APY	1.23%	1.23%
Borrow APY	4.14%	4.14%
WELL Supply APR	0.94%	0.5%
WELL Borrow APR	0%	1.85%
OP Supply APR	4.05%	0.66%
OP Borrow APR	0%	2.44%
Total Supply APR	6.22%	2.39%
Total Borrow APR	4.14%	-0.15%
Total Supply Incentives Per Day in USD	$91.17	$21.13
Total Borrow Incentives Per Day in USD	$0.00	$25.83

Metric	% Change
WELL Supply	-46.71%
WELL Borrow	868041779631852000%
OP Supply	-83.78%
OP Borrow	12015755530510238%

OP (MOONWELL_OP)

Total Supply in USD: $829,337.76 Total Borrows in USD: $91,688.83

Metric	Current Value	New Value
Supply APY	0.26%	0.26%
Borrow APY	3.11%	3.11%
WELL Supply APR	0.75%	0.83%
WELL Borrow APR	0%	2.5%
OP Supply APR	3.26%	1.09%
OP Borrow APR	0%	3.3%
Total Supply APR	4.27%	2.18%
Total Borrow APR	3.11%	-2.69%
Total Supply Incentives Per Day in USD	$91.19	$43.73
Total Borrow Incentives Per Day in USD	$0.00	$14.58

Metric	% Change
WELL Supply	10.26%
WELL Borrow	489913040917474300%
OP Supply	-66.44%
OP Borrow	6781557603563516%

weETH (MOONWELL_weETH)

Total Supply in USD: $200,032.72 Total Borrows in USD: $0.00

Metric	Current Value	New Value
Supply APY	0.00%	0.00%
Borrow APY	0.00%	0.00%
WELL Supply APR	0%	0.5%
WELL Borrow APR	0.00%	0.00%
OP Supply APR	0%	0.66%
OP Borrow APR	0.00%	0.00%
Total Supply APR	0.00%	1.16%
Total Borrow APR	0.00%	0.00%
Total Supply Incentives Per Day in USD	$0.00	$6.33
Total Borrow Incentives Per Day in USD	$0.00	$7.74

Metric	% Change
WELL Supply	0%
WELL Borrow	259962848422074800%
OP Supply	0%
OP Borrow	3598501946507069%

VELO (MOONWELL_VELO)

Total Supply in USD: $418,723.43 Total Borrows in USD: $1,688.60

Metric	Current Value	New Value
Supply APY	0.02%	0.02%
Borrow APY	2.10%	2.10%
WELL Supply APR	0%	0.5%
WELL Borrow APR	0%	151.04%
OP Supply APR	0%	0.66%
OP Borrow APR	0%	198.94%
Total Supply APR	0.02%	1.18%
Total Borrow APR	2.10%	-347.88%
Total Supply Incentives Per Day in USD	$0.00	$13.25
Total Borrow Incentives Per Day in USD	$0.00	$16.19

Metric	% Change
WELL Supply	0%
WELL Borrow	544173647193731000%
OP Supply	0%
OP Borrow	7532652994650902%

Connect Wallet to Add Note

Votes 58

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

Connect Wallet

Proposal Status

Wed August 28 2024, 08:07 pmPublished Onchain 0x0F23...Dd2287
Wed August 28 2024, 08:07 pmVoting Period Starts
Sat August 31 2024, 08:07 pmEnd Voting Period
Queue Proposal
Sun September 01 2024, 10:41 pmExecute Proposal

Current Results

1-FOR

83.903M

74.78%

2-ABSTAIN

28.292M

25.22%

3-AGAINST

N/A Tokens

Quorum 112.195M/100M

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