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executedEnded 7 months ago · Onchain

MIP-X16 Automated Liquidity Incentive Proposal

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 2025-03-21 at 03:30:00 UTC and ending on 2025-04-18 at 03:30:00 UTC.

Metric	Value
Timestamp of capture	1741780389
Closest block number	27495521
Total Supply in USD for incentivized markets	$227,453,042.29
Total Borrows in USD	$117,659,493.87
Safety Module APR	7.06%
Safety Module Boosted APR	10.10%
Total WELL acquired in auctions (USD)	$30,847.82

Total LP (ETH/WELL on Aerodrome)	$9,506,887.00

Total WELL to distribute DEX	600,191.939 WELL
Total WELL to distribute Safety Module	4,065,475.965 WELL
Total WELL to distribute Safety Module (Auctions)	1,744,467.45 WELL
Total WELL to distribute Markets (Config)	7,550,169.649 WELL
Total WELL to distribute Markets (Sanity Check)	7550169.6486 WELL
Total WELL to distribute Markets (Supply Side)	5743090.6968 WELL
Total WELL to distribute Markets (Borrow Side)	1807078.9519 WELL
Total WELL to distribute Markets (Borrow + Supply)	7550169.6486 WELL
Total WELL to distribute Markets (By Speed)	7550169.6486 WELL
Total WELL to distribute (Config + Auctions)	13360113.0635 WELL
Total WELL to distribute (Sanity Check)	13360113.0635 WELL

ETH (MOONWELL_WETH)

Total Supply in USD: $76,122,722.48 Total Borrows in USD: $62,250,529.22

Metric	Current Value	New Value
Supply APY	0.86%	0.86%
Borrow APY	1.10%	1.10%
WELL Supply APR	0.42%	0.38%
WELL Borrow APR	0.52%	0.47%
Total Supply APR	1.28%	1.24%
Total Borrow APR	0.58%	0.63%
Total Supply Incentives Per Day in USD	$881.72	$797.91
Total Borrow Incentives Per Day in USD	$881.72	$797.91

Metric	% Change
WELL Supply	-9.51%
WELL Borrow	-9.51%

USDC (MOONWELL_USDC)

Total Supply in USD: $55,057,685.33 Total Borrows in USD: $43,874,080.54

Metric	Current Value	New Value
Supply APY	3.51%	3.51%
Borrow APY	4.90%	4.90%
WELL Supply APR	0.63%	0.77%
WELL Borrow APR	0%	0%
Total Supply APR	4.14%	4.28%
Total Borrow APR	4.90%	4.90%
Total Supply Incentives Per Day in USD	$2,058.18	$2,516.86
Total Borrow Incentives Per Day in USD	$0.00	$0.00

Metric	% Change
WELL Supply	22.29%
WELL Borrow	0%

AERO (MOONWELL_AERO)

Total Supply in USD: $14,523,238.71 Total Borrows in USD: $4,443,461.49 Reserves to auction: $249,185.23

Metric	Current Value	New Value
Supply APY	1.51%	1.51%
Borrow APY	7.04%	7.04%
WELL Supply APR	0.71%	0.34%
WELL Borrow APR	0.88%	0.43%
Total Supply APR	2.22%	1.85%
Total Borrow APR	6.16%	6.61%
Total Supply Incentives Per Day in USD	$87.89	$42.67
Total Borrow Incentives Per Day in USD	$107.42	$52.15

Metric	% Change
WELL Supply	-51.45%
WELL Borrow	-51.45%

cbBTC (MOONWELL_cbBTC)

Total Supply in USD: $43,481,993.57 Total Borrows in USD: $2,948,426.76

Metric	Current Value	New Value
Supply APY	0.03%	0.03%
Borrow APY	0.47%	0.47%
WELL Supply APR	0.78%	0.38%
WELL Borrow APR	0.92%	0.45%
Total Supply APR	0.81%	0.41%
Total Borrow APR	0.00%	0.02%
Total Supply Incentives Per Day in USD	$74.45	$36.50
Total Borrow Incentives Per Day in USD	$74.45	$36.50

Metric	% Change
WELL Supply	-50.98%
WELL Borrow	-50.98%

EURC (MOONWELL_EURC)

Total Supply in USD: $3,438,814.63 Total Borrows in USD: $2,456,224.89

Metric	Current Value	New Value
Supply APY	2.80%	2.80%
Borrow APY	4.36%	4.36%
WELL Supply APR	0.65%	0.38%
WELL Borrow APR	0.91%	0.54%
Total Supply APR	3.45%	3.18%
Total Borrow APR	3.45%	3.82%
Total Supply Incentives Per Day in USD	$61.13	$36.05
Total Borrow Incentives Per Day in USD	$61.13	$36.05

Metric	% Change
WELL Supply	-41.04%
WELL Borrow	-41.04%

WELL (MOONWELL_WELL)

Total Supply in USD: $1,829,346.16 Total Borrows in USD: $594,868.24

Metric	Current Value	New Value
Supply APY	1.74%	1.74%
Borrow APY	7.15%	7.15%
WELL Supply APR	0.34%	0.34%
WELL Borrow APR	3.37%	3.42%
Total Supply APR	2.08%	2.08%
Total Borrow APR	3.78%	3.73%
Total Supply Incentives Per Day in USD	$44.94	$45.56
Total Borrow Incentives Per Day in USD	$54.93	$55.68

Metric	% Change
WELL Supply	1.38%
WELL Borrow	1.38%

tBTC (MOONWELL_TBTC)

Total Supply in USD: $608,333.42 Total Borrows in USD: $201,051.10

Metric	Current Value	New Value
Supply APY	0.69%	0.69%
Borrow APY	2.31%	2.31%
WELL Supply APR	0.24%	0.38%
WELL Borrow APR	3.12%	4.96%
Total Supply APR	0.93%	1.07%
Total Borrow APR	0.00%	0.00%
Total Supply Incentives Per Day in USD	$17.21	$27.34
Total Borrow Incentives Per Day in USD	$17.21	$27.34

Metric	% Change
WELL Supply	58.89%
WELL Borrow	58.89%

LBTC (MOONWELL_LBTC)

Total Supply in USD: $1,911,977.12 Total Borrows in USD: $638,517.06

Metric	Current Value	New Value
Supply APY	0.70%	0.70%
Borrow APY	2.34%	2.34%
WELL Supply APR	0.23%	0.38%
WELL Borrow APR	2.48%	4.14%
Total Supply APR	0.93%	1.08%
Total Borrow APR	0.00%	0.00%
Total Supply Incentives Per Day in USD	$43.35	$72.45
Total Borrow Incentives Per Day in USD	$43.35	$72.45

Metric	% Change
WELL Supply	67.12%
WELL Borrow	67.12%

VIRTUAL (MOONWELL_VIRTUAL)

Total Supply in USD: $478,930.87 Total Borrows in USD: $252,334.57

Metric	Current Value	New Value
Supply APY	17.99%	17.99%
Borrow APY	48.79%	48.79%
WELL Supply APR	0.29%	0.34%
WELL Borrow APR	7.68%	9.14%
Total Supply APR	18.28%	18.33%
Total Borrow APR	41.11%	39.65%
Total Supply Incentives Per Day in USD	$43.47	$51.69
Total Borrow Incentives Per Day in USD	$53.13	$63.17

Metric	% Change
WELL Supply	18.91%
WELL Borrow	18.91%

Optimism Network

If successful, the proposal would automatically distribute and adjust liquidity incentives for the period beginning 2025-03-21 at 03:30:00 UTC and ending on 2025-04-18 at 03:30:00 UTC.

Metric	Value
Timestamp of capture	1741780389
Closest block number	133090806
Total Supply in USD for incentivized markets	$18,656,283.46
Total Borrows in USD	$14,960,228.67
Safety Module APR	7.01%

Total WELL to distribute DEX	33,943.492 WELL
Total WELL to distribute Safety Module	113,144.975 WELL
Total WELL to distribute Markets (Config)	984,361.28 WELL
Total WELL to distribute Markets (Sanity Check)	984361.2796 WELL
Total WELL to distribute Markets (Supply Side)	449808.2058 WELL
Total WELL to distribute Markets (Borrow Side)	534553.0738 WELL
Total WELL to distribute Markets (Borrow + Supply)	984361.2796 WELL
Total WELL to distribute Markets (By Speed)	984361.2796 WELL
Total WELL to distribute (Config)	1131449.7466 WELL
Total WELL to distribute (Sanity Check)	1131449.7466 WELL

USDC (MOONWELL_USDC)

Total Supply in USD: $4,023,038.28 Total Borrows in USD: $3,166,621.80

Metric	Current Value	New Value
Supply APY	3.43%	3.43%
Borrow APY	4.84%	4.84%
WELL Supply APR	0.99%	0.61%
WELL Borrow APR	1.26%	0.77%
Total Supply APR	4.42%	4.04%
Total Borrow APR	3.58%	4.07%
Total Supply Incentives Per Day in USD	$109.14	$67.03
Total Borrow Incentives Per Day in USD	$109.14	$67.03

Metric	% Change
WELL Supply	-38.59%
WELL Borrow	-38.59%

USDT (MOONWELL_USDT)

Total Supply in USD: $1,274,329.00 Total Borrows in USD: $906,469.54

Metric	Current Value	New Value
Supply APY	2.80%	2.80%
Borrow APY	4.37%	4.37%
WELL Supply APR	1.04%	0.61%
WELL Borrow APR	1.46%	0.85%
Total Supply APR	3.84%	3.41%
Total Borrow APR	2.91%	3.52%
Total Supply Incentives Per Day in USD	$36.26	$21.23
Total Borrow Incentives Per Day in USD	$36.26	$21.23

Metric	% Change
WELL Supply	-41.45%
WELL Borrow	-41.45%

DAI (MOONWELL_DAI)

Total Supply in USD: $409,285.33 Total Borrows in USD: $340,676.96

Metric	Current Value	New Value
Supply APY	3.83%	3.83%
Borrow APY	5.12%	5.12%
WELL Supply APR	1.58%	0.61%
WELL Borrow APR	1.9%	0.73%
Total Supply APR	5.41%	4.44%
Total Borrow APR	3.22%	4.39%
Total Supply Incentives Per Day in USD	$17.77	$6.82
Total Borrow Incentives Per Day in USD	$17.77	$6.82

Metric	% Change
WELL Supply	-61.62%
WELL Borrow	-61.62%

ETH (MOONWELL_WETH)

Total Supply in USD: $11,343,488.56 Total Borrows in USD: $10,194,195.04

Metric	Current Value	New Value
Supply APY	0.98%	0.98%
Borrow APY	1.21%	1.21%
WELL Supply APR	0.72%	0.61%
WELL Borrow APR	0.81%	0.68%
Total Supply APR	1.70%	1.59%
Total Borrow APR	0.40%	0.53%
Total Supply Incentives Per Day in USD	$224.83	$188.99
Total Borrow Incentives Per Day in USD	$224.83	$188.99

Metric	% Change
WELL Supply	-15.94%
WELL Borrow	-15.94%

VELO (MOONWELL_VELO)

Total Supply in USD: $1,606,142.29 Total Borrows in USD: $352,265.33

Metric	Current Value	New Value
Supply APY	0.69%	0.69%
Borrow APY	4.19%	4.19%
WELL Supply APR	0%	0%
WELL Borrow APR	7.48%	5.55%
Total Supply APR	0.69%	0.69%
Total Borrow APR	0.00%	0.00%
Total Supply Incentives Per Day in USD	$0.00	$0.00
Total Borrow Incentives Per Day in USD	$72.23	$53.52

Metric	% Change
WELL Supply	0%
WELL Borrow	-25.91%

Moonbeam Network

If successful, the proposal would automatically distribute and adjust liquidity incentives for the period beginning 2025-03-21 at 03:30:00 UTC and ending on 2025-04-18 at 03:30:00 UTC.

Metric	Value
Timestamp of capture	1741780389
Closest block number	9985306
Total Supply in USD for incentivized markets	$10,180,696.17
Total Borrows in USD	$1,476,478.68
Safety Module APR	4.01%

Total LP (GLMR/WELL on StellaSwap)	$50,456.00

Total WELL to distribute DEX	19,617.603 WELL
Total WELL to distribute Safety Module	184,405.465 WELL
Total WELL to distribute Markets (Config)	188,328.985 WELL
Total WELL to distribute Markets (Sanity Check)	188328.9852 WELL
Total WELL to distribute Markets (Supply Side)	165308.5916 WELL
Total WELL to distribute Markets (Borrow Side)	23020.3936 WELL
Total WELL to distribute Markets (Borrow + Supply)	188328.9852 WELL
Total WELL to distribute Markets (By Speed)	188328.9852 WELL
Total WELL to distribute (Config)	392352.0525 WELL
Total WELL to distribute (Sanity Check)	392352.0525 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)	164580.9374 GLMR
Total GLMR to distribute Markets (Borrow Side)	22919.0626 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: $1,319,918.53 Total Borrows in USD: $585,217.20

Metric	Current Value	New Value
Supply APY	1.92%	1.92%
Borrow APY	8.65%	8.65%
WELL Supply APR	0.3%	0.21%
WELL Borrow APR	0.67%	0.48%
GLMR Supply APR	1.53%	1.05%
GLMR Borrow APR	3.45%	2.36%
Total Supply APR	3.75%	3.18%
Total Borrow APR	4.53%	5.81%
Total Supply Incentives Per Day in USD	$66.19	$45.61
Total Borrow Incentives Per Day in USD	$66.19	$45.61

Metric	% Change
WELL Supply	-28.6%
WELL Borrow	-28.6%
GLMR Supply	-31.56%
GLMR Borrow	-31.56%

DOT (mxcDOT)

Total Supply in USD: $2,691,821.37 Total Borrows in USD: $339,574.60

Metric	Current Value	New Value
Supply APY	0.39%	0.39%
Borrow APY	3.89%	3.89%
WELL Supply APR	0.37%	0.43%
WELL Borrow APR	0%	0%
GLMR Supply APR	1.91%	2.1%
GLMR Borrow APR	0%	0%
Total Supply APR	2.67%	2.92%
Total Borrow APR	3.89%	3.89%
Total Supply Incentives Per Day in USD	$480.53	$531.64
Total Borrow Incentives Per Day in USD	$0.00	$0.00

Metric	% Change
WELL Supply	14.62%
WELL Borrow	0%
GLMR Supply	9.86%
GLMR Borrow	0%

FRAX (mFRAX)

Total Supply in USD: $51,731.79 Total Borrows in USD: $20,736.45

Metric	Current Value	New Value
Supply APY	1.57%	1.57%
Borrow APY	5.61%	5.61%
WELL Supply APR	0.16%	0.21%
WELL Borrow APR	0.4%	0.53%
GLMR Supply APR	0.82%	1.05%
GLMR Borrow APR	2.04%	2.61%
Total Supply APR	2.55%	2.83%
Total Borrow APR	3.17%	2.47%
Total Supply Incentives Per Day in USD	$1.39	$1.79
Total Borrow Incentives Per Day in USD	$1.39	$1.79

Metric	% Change
WELL Supply	34.01%
WELL Borrow	34.01%
GLMR Supply	28.44%
GLMR Borrow	28.44%

USDC.wh (mUSDCwh)

Total Supply in USD: $371,074.88 Total Borrows in USD: $182,731.63

Metric	Current Value	New Value
Supply APY	2.38%	2.38%
Borrow APY	6.89%	6.89%
WELL Supply APR	0.21%	0.21%
WELL Borrow APR	0.42%	0.43%
GLMR Supply APR	1.07%	1.05%
GLMR Borrow APR	2.17%	2.13%
Total Supply APR	3.66%	3.64%
Total Borrow APR	4.30%	4.33%
Total Supply Incentives Per Day in USD	$13.01	$12.83
Total Borrow Incentives Per Day in USD	$13.01	$12.83

Metric	% Change
WELL Supply	2.12%
WELL Borrow	2.12%
GLMR Supply	-2.12%
GLMR Borrow	-2.12%

xcUSDT (mxcUSDT)

Total Supply in USD: $261,411.76 Total Borrows in USD: $142,606.07

Metric	Current Value	New Value
Supply APY	2.92%	2.92%
Borrow APY	7.64%	7.64%
WELL Supply APR	0.22%	0.21%
WELL Borrow APR	0.41%	0.39%
GLMR Supply APR	1.15%	1.05%
GLMR Borrow APR	2.11%	1.92%
Total Supply APR	4.29%	4.18%
Total Borrow APR	5.12%	5.33%
Total Supply Incentives Per Day in USD	$9.84	$9.04
Total Borrow Incentives Per Day in USD	$9.84	$9.04

Metric	% Change
WELL Supply	-4.89%
WELL Borrow	-4.89%
GLMR Supply	-8.84%
GLMR Borrow	-8.84%

xcUSDC (mxcUSDC)

Total Supply in USD: $484,737.84 Total Borrows in USD: $205,612.73

Metric	Current Value	New Value
Supply APY	1.76%	1.76%
Borrow APY	5.94%	5.94%
WELL Supply APR	0.23%	0.21%
WELL Borrow APR	0.54%	0.5%
GLMR Supply APR	1.18%	1.05%
GLMR Borrow APR	2.78%	2.47%
Total Supply APR	3.17%	3.02%
Total Borrow APR	2.62%	2.97%
Total Supply Incentives Per Day in USD	$18.68	$16.75
Total Borrow Incentives Per Day in USD	$18.68	$16.75

Metric	% Change
WELL Supply	-7.1%
WELL Borrow	-7.1%
GLMR Supply	-10.96%
GLMR Borrow	-10.96%

Connect Wallet to Add Note

Votes 324

Voter	Cast Power	Vote & Rationale
0xb6cb...82E698	43.558M	FOR
0xBB2b...2F26fD	13.06M	FOR
0x5027...087ff8	12.02M	FOR
0xfD0c...086C46	7.89M	FOR
0x7A91...d1877c	6.251M	FOR

VOTE POWER

Connect Wallet

Proposal Status

Wed March 12 2025, 03:12 pmPublished Onchain 0x10b8...004bE5
Wed March 12 2025, 03:12 pmVoting Period Starts
Sat March 15 2025, 03:12 pmEnd Voting Period
Queue Proposal
Sun March 16 2025, 03:13 pmExecute Proposal

Current Results

1-FOR

195.201M

99.44%

2-AGAINST

1.056M

0.54%

3-ABSTAIN

47,460.363

0.02%

Quorum 196.304M/100M

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