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executedEnded 5 months ago Â·  Onchain

MIP-X21 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 2025-05-16 at 03:30:00 UTC and ending on 2025-06-13 at 03:30:00 UTC.

MetricValue
Timestamp of capture1746494100
Closest block number29852376
Total Supply in USD for incentivized markets$303,905,909.28
Total Borrows in USD$132,727,705.25
Safety Module APR4.95%
Safety Module Boosted APR15.50%
Total WELL acquired in auctions (USD)$202,590.72
Total LP (ETH/WELL on Aerodrome)$10,845,913.00
Total WELL to distribute DEX600,191.939 WELL
Total WELL to distribute Safety Module3,390,383.474 WELL
Total WELL to distribute Safety Module (Auctions)7,220,385.461 WELL
Total WELL to distribute Markets (Config)7,910,894.773 WELL
Total WELL to distribute Markets (Sanity Check)7910894.7732 WELL
Total WELL to distribute Markets (Supply Side)5972636.8390 WELL
Total WELL to distribute Markets (Borrow Side)1938257.9342 WELL
Total WELL to distribute Markets (Borrow + Supply)7910894.7732 WELL
Total WELL to distribute Markets (By Speed)7910894.7732 WELL
Total WELL to distribute (Config + Auctions)18521663.7085 WELL
Total WELL to distribute (Sanity Check)18521663.7085 WELL

ETH (MOONWELL_WETH)

Total Supply in USD: $56,981,073.36 Total Borrows in USD: $49,923,652.84

MetricCurrent ValueNew Value
Supply APY1.31%1.31%
Borrow APY1.66%1.66%
WELL Supply APR0.49%0.48%
WELL Borrow APR0.76%0.73%
Total Supply APR1.80%1.79%
Total Borrow APR0.90%0.93%
Total Supply Incentives Per Day in USD$1,041.99$1,004.02
Total Borrow Incentives Per Day in USD$1,041.99$1,004.02
Metric% Change
WELL Supply-3.64%
WELL Borrow-3.64%

USDC (MOONWELL_USDC)

Total Supply in USD: $83,348,573.04 Total Borrows in USD: $65,883,844.41

MetricCurrent ValueNew Value
Supply APY2.90%2.90%
Borrow APY4.07%4.07%
WELL Supply APR0.93%0.95%
WELL Borrow APR0%0%
Total Supply APR3.83%3.85%
Total Borrow APR4.07%4.07%
Total Supply Incentives Per Day in USD$4,050.01$4,130.49
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply1.99%
WELL Borrow0%

AERO (MOONWELL_AERO)

Total Supply in USD: $17,385,945.40 Total Borrows in USD: $5,607,076.21 Reserves to auction: $87,014.84

MetricCurrent ValueNew Value
Supply APY1.67%1.67%
Borrow APY7.42%7.42%
WELL Supply APR0.16%0.43%
WELL Borrow APR0.42%1.16%
Total Supply APR1.83%2.10%
Total Borrow APR7.00%6.26%
Total Supply Incentives Per Day in USD$52.73$145.39
Total Borrow Incentives Per Day in USD$64.45$177.70
Metric% Change
WELL Supply175.71%
WELL Borrow175.71%

cbBTC (MOONWELL_cbBTC)

Total Supply in USD: $55,614,500.75 Total Borrows in USD: $4,833,230.06

MetricCurrent ValueNew Value
Supply APY0.05%0.05%
Borrow APY0.61%0.61%
WELL Supply APR0.23%0.48%
WELL Borrow APR1.23%2.52%
Total Supply APR0.28%0.53%
Total Borrow APR0.00%0.00%
Total Supply Incentives Per Day in USD$162.62$334.07
Total Borrow Incentives Per Day in USD$162.62$334.07
Metric% Change
WELL Supply105.43%
WELL Borrow105.43%

EURC (MOONWELL_EURC)

Total Supply in USD: $5,014,366.13 Total Borrows in USD: $2,584,263.14

MetricCurrent ValueNew Value
Supply APY1.54%1.54%
Borrow APY3.14%3.14%
WELL Supply APR0.58%0.48%
WELL Borrow APR1.13%0.92%
Total Supply APR2.12%2.02%
Total Borrow APR2.01%2.22%
Total Supply Incentives Per Day in USD$79.85$65.40
Total Borrow Incentives Per Day in USD$79.85$65.40
Metric% Change
WELL Supply-18.09%
WELL Borrow-18.09%

WELL (MOONWELL_WELL)

Total Supply in USD: $2,716,047.41 Total Borrows in USD: $632,355.47

MetricCurrent ValueNew Value
Supply APY0.89%0.89%
Borrow APY5.12%5.12%
WELL Supply APR0.45%0.43%
WELL Borrow APR4.97%4.73%
Total Supply APR1.34%1.32%
Total Borrow APR0.15%0.39%
Total Supply Incentives Per Day in USD$70.43$67.10
Total Borrow Incentives Per Day in USD$86.08$82.01
Metric% Change
WELL Supply-4.73%
WELL Borrow-4.73%

tBTC (MOONWELL_TBTC)

Total Supply in USD: $1,393,996.84 Total Borrows in USD: $542,282.13

MetricCurrent ValueNew Value
Supply APY3.79%3.79%
Borrow APY10.25%10.25%
WELL Supply APR1.24%0.48%
WELL Borrow APR3.18%1.22%
Total Supply APR5.03%4.27%
Total Borrow APR7.07%9.03%
Total Supply Incentives Per Day in USD$47.25$18.18
Total Borrow Incentives Per Day in USD$47.25$18.18
Metric% Change
WELL Supply-61.52%
WELL Borrow-61.52%

LBTC (MOONWELL_LBTC)

Total Supply in USD: $2,919,644.55 Total Borrows in USD: $912,278.07

MetricCurrent ValueNew Value
Supply APY0.65%0.65%
Borrow APY2.19%2.19%
WELL Supply APR0.82%0.48%
WELL Borrow APR2.63%1.52%
Total Supply APR1.47%1.13%
Total Borrow APR0.00%0.67%
Total Supply Incentives Per Day in USD$65.75$38.08
Total Borrow Incentives Per Day in USD$65.75$38.08
Metric% Change
WELL Supply-42.09%
WELL Borrow-42.09%

VIRTUAL (MOONWELL_VIRTUAL)

Total Supply in USD: $2,901,559.45 Total Borrows in USD: $1,293,712.16

MetricCurrent ValueNew Value
Supply APY3.20%3.20%
Borrow APY10.25%10.25%
WELL Supply APR0.4%0.43%
WELL Borrow APR2.99%3.2%
Total Supply APR3.60%3.63%
Total Borrow APR7.26%7.05%
Total Supply Incentives Per Day in USD$86.73$92.75
Total Borrow Incentives Per Day in USD$106.00$113.36
Metric% Change
WELL Supply6.95%
WELL Borrow6.95%

MORPHO (MOONWELL_MORPHO)

Total Supply in USD: $2,630,202.35 Total Borrows in USD: $515,010.76

MetricCurrent ValueNew Value
Supply APY0.62%0.62%
Borrow APY4.50%4.50%
WELL Supply APR0.38%0.43%
WELL Borrow APR6.81%7.76%
Total Supply APR1.00%1.05%
Total Borrow APR0.00%0.00%
Total Supply Incentives Per Day in USD$78.66$89.56
Total Borrow Incentives Per Day in USD$96.14$109.47
Metric% Change
WELL Supply13.87%
WELL Borrow13.87%

Optimism Network

If successful, the proposal would automatically distribute and adjust liquidity incentives for the period beginning 2025-05-16 at 03:30:00 UTC and ending on 2025-06-13 at 03:30:00 UTC.

MetricValue
Timestamp of capture1746494100
Closest block number135447661
Total Supply in USD for incentivized markets$38,305,658.22
Total Borrows in USD$22,273,601.25
Safety Module APR0.00%
Safety Module Boosted APR170.21%
Total WELL acquired in auctions (USD)$33,419.95
Total WELL to distribute DEX78,397.888 WELL
Total WELL to distribute Safety Module0 WELL
Total WELL to distribute Safety Module (Auctions)1,191,095.706 WELL
Total WELL to distribute Markets (Config)1,332,764.103 WELL
Total WELL to distribute Markets (Sanity Check)1332764.1026 WELL
Total WELL to distribute Markets (Supply Side)1332764.1026 WELL
Total WELL to distribute Markets (Borrow Side)0.0000 WELL
Total WELL to distribute Markets (Borrow + Supply)1332764.1026 WELL
Total WELL to distribute Markets (By Speed)1332764.1026 WELL
Total WELL to distribute (Config + Auctions)2759053.4734 WELL
Total WELL to distribute (Sanity Check)2602257.6967 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 depositors156,795.777 WELL
Total OP allocated to USDC vault depositors10,000 OP

USDC (MOONWELL_USDC)

Total Supply in USD: $7,346,478.00 Total Borrows in USD: $6,545,743.88

MetricCurrent ValueNew Value
Supply APY3.68%3.68%
Borrow APY4.59%4.59%
WELL Supply APR1%1.27%
WELL Borrow APR0%0%
OP Supply APR0.38%0.82%
OP Borrow APR0%0%
Total Supply APR5.06%5.77%
Total Borrow APR4.59%4.59%
Total Supply Incentives Per Day in USD$391.69$592.95
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply27.12%
WELL Borrow0%
OP Supply115.19%
OP Borrow0%

USDT (MOONWELL_USDT)

Total Supply in USD: $555,209.77 Total Borrows in USD: $460,400.47

MetricCurrent ValueNew Value
Supply APY3.19%3.19%
Borrow APY4.27%4.27%
WELL Supply APR2.7%1.27%
WELL Borrow APR0%0%
OP Supply APR1.03%0.82%
OP Borrow APR0%0%
Total Supply APR6.92%5.28%
Total Borrow APR4.27%4.27%
Total Supply Incentives Per Day in USD$31.13$17.49
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply-52.82%
WELL Borrow0%
OP Supply-20.13%
OP Borrow0%

DAI (MOONWELL_DAI)

Total Supply in USD: $304,092.08 Total Borrows in USD: $252,535.00 Reserves to auction: $378.95

MetricCurrent ValueNew Value
Supply APY3.20%3.20%
Borrow APY4.28%4.28%
WELL Supply APR2.02%1.27%
WELL Borrow APR0%0%
OP Supply APR0.77%0.82%
OP Borrow APR0%0%
Total Supply APR5.99%5.29%
Total Borrow APR4.28%4.28%
Total Supply Incentives Per Day in USD$23.23$17.43
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply-37.01%
WELL Borrow0%
OP Supply6.63%
OP Borrow0%

ETH (MOONWELL_WETH)

Total Supply in USD: $16,965,945.00 Total Borrows in USD: $14,760,791.03

MetricCurrent ValueNew Value
Supply APY1.29%1.29%
Borrow APY1.65%1.65%
WELL Supply APR1.03%1.27%
WELL Borrow APR0%0%
OP Supply APR0.39%0.82%
OP Borrow APR0%0%
Total Supply APR2.71%3.38%
Total Borrow APR1.65%1.65%
Total Supply Incentives Per Day in USD$852.56$1,258.86
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply23.99%
WELL Borrow0%
OP Supply109.89%
OP Borrow0%

wstETH (MOONWELL_wstETH)

Total Supply in USD: $2,035,328.19 Total Borrows in USD: $96,300.23 Reserves to auction: $15,538.69

MetricCurrent ValueNew Value
Supply APY0.01%0.01%
Borrow APY0.29%0.29%
WELL Supply APR1.17%1.27%
WELL Borrow APR0%0%
OP Supply APR0.45%0.82%
OP Borrow APR0%0%
Total Supply APR1.63%2.10%
Total Borrow APR0.29%0.29%
Total Supply Incentives Per Day in USD$90.28$116.64
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply8.49%
WELL Borrow0%
OP Supply83.66%
OP Borrow0%

rETH (MOONWELL_rETH)

Total Supply in USD: $235,106.66 Total Borrows in USD: $17,433.41 Reserves to auction: $1,817.81

MetricCurrent ValueNew Value
Supply APY0.03%0.03%
Borrow APY0.45%0.45%
WELL Supply APR1.17%1.27%
WELL Borrow APR0%0%
OP Supply APR0.44%0.82%
OP Borrow APR0%0%
Total Supply APR1.64%2.12%
Total Borrow APR0.45%0.45%
Total Supply Incentives Per Day in USD$10.36$13.48
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply9.21%
WELL Borrow0%
OP Supply84.87%
OP Borrow0%

OP (MOONWELL_OP)

Total Supply in USD: $665,901.71 Total Borrows in USD: $67,789.89 Reserves to auction: $2,576.04

MetricCurrent ValueNew Value
Supply APY0.23%0.23%
Borrow APY3.02%3.02%
WELL Supply APR1.34%1.27%
WELL Borrow APR0%0%
OP Supply APR0.51%0.82%
OP Borrow APR0%0%
Total Supply APR2.08%2.32%
Total Borrow APR3.02%3.02%
Total Supply Incentives Per Day in USD$33.82$38.17
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply-5.25%
WELL Borrow0%
OP Supply60.39%
OP Borrow0%

weETH (MOONWELL_weETH)

Total Supply in USD: $859,607.63 Total Borrows in USD: $18,706.29

MetricCurrent ValueNew Value
Supply APY0.01%0.01%
Borrow APY0.33%0.33%
WELL Supply APR1.39%1.27%
WELL Borrow APR0%0%
OP Supply APR0.53%0.82%
OP Borrow APR0%0%
Total Supply APR1.93%2.10%
Total Borrow APR0.33%0.33%
Total Supply Incentives Per Day in USD$45.07$49.26
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply-8.21%
WELL Borrow0%
OP Supply55.38%
OP Borrow0%

VELO (MOONWELL_VELO)

Total Supply in USD: $1,501,139.73 Total Borrows in USD: $51,338.15 Reserves to auction: $5,217.68

MetricCurrent ValueNew Value
Supply APY0.06%0.06%
Borrow APY2.34%2.34%
WELL Supply APR1.35%1.27%
WELL Borrow APR0%0%
OP Supply APR0.51%0.82%
OP Borrow APR0%0%
Total Supply APR1.92%2.15%
Total Borrow APR2.34%2.34%
Total Supply Incentives Per Day in USD$76.77$86.03
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply-5.9%
WELL Borrow0%
OP Supply59.3%
OP Borrow0%

wrsETH (MOONWELL_wrsETH)

Total Supply in USD: $86,849.45 Total Borrows in USD: $2,562.90 Reserves to auction: $1,222.70

MetricCurrent ValueNew Value
Supply APY0.01%0.01%
Borrow APY0.44%0.44%
WELL Supply APR1.63%1.27%
WELL Borrow APR0%0%
OP Supply APR0.62%0.82%
OP Borrow APR0%0%
Total Supply APR2.26%2.10%
Total Borrow APR0.44%0.44%
Total Supply Incentives Per Day in USD$5.37$4.98
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply-22.09%
WELL Borrow0%
OP Supply31.9%
OP Borrow0%

Moonbeam Network

If successful, the proposal would automatically distribute and adjust liquidity incentives for the period beginning 2025-05-16 at 03:30:00 UTC and ending on 2025-06-13 at 03:30:00 UTC.

MetricValue
Timestamp of capture1746494100
Closest block number10753755
Total Supply in USD for incentivized markets$9,204,859.58
Total Borrows in USD$1,234,966.48
Safety Module APR2.83%
Total LP (GLMR/WELL on StellaSwap)$53,283.00
Total WELL to distribute DEX13,510.57 WELL
Total WELL to distribute Safety Module126,999.357 WELL
Total WELL to distribute Markets (Config)129,701.471 WELL
Total WELL to distribute Markets (Sanity Check)129701.4707 WELL
Total WELL to distribute Markets (Supply Side)116791.1041 WELL
Total WELL to distribute Markets (Borrow Side)12910.3666 WELL
Total WELL to distribute Markets (Borrow + Supply)129701.4707 WELL
Total WELL to distribute Markets (By Speed)129701.4707 WELL
Total WELL to distribute (Config)270211.3973 WELL
Total WELL to distribute (Sanity Check)270211.3973 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)168836.4203 GLMR
Total GLMR to distribute Markets (Borrow Side)18663.5797 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: $1,000,655.05 Total Borrows in USD: $485,139.48

MetricCurrent ValueNew Value
Supply APY2.25%2.25%
Borrow APY9.27%9.27%
WELL Supply APR0.28%0.26%
WELL Borrow APR0.58%0.53%
GLMR Supply APR0.84%1%
GLMR Borrow APR1.73%2.07%
Total Supply APR3.37%3.51%
Total Borrow APR6.96%6.67%
Total Supply Incentives Per Day in USD$30.70$34.60
Total Borrow Incentives Per Day in USD$30.70$34.60
Metric% Change
WELL Supply-7.63%
WELL Borrow-7.63%
GLMR Supply19.48%
GLMR Borrow19.48%

DOT (mxcDOT)

Total Supply in USD: $2,372,372.85 Total Borrows in USD: $304,458.27

MetricCurrent ValueNew Value
Supply APY0.40%0.40%
Borrow APY3.93%3.93%
WELL Supply APR0.67%0.52%
WELL Borrow APR0%0%
GLMR Supply APR2.01%2.01%
GLMR Borrow APR0%0%
Total Supply APR3.08%2.93%
Total Borrow APR3.93%3.93%
Total Supply Incentives Per Day in USD$539.40$509.94
Total Borrow Incentives Per Day in USD$0.00$0.00
Metric% Change
WELL Supply-22.54%
WELL Borrow0%
GLMR Supply0.2%
GLMR Borrow0%

FRAX (mFRAX)

Total Supply in USD: $53,911.93 Total Borrows in USD: $740.45

MetricCurrent ValueNew Value
Supply APY0.00%0.00%
Borrow APY0.19%0.19%
WELL Supply APR0.37%0.26%
WELL Borrow APR27%18.76%
GLMR Supply APR1.12%1%
GLMR Borrow APR81.38%73.15%
Total Supply APR1.49%1.26%
Total Borrow APR0.00%0.00%
Total Supply Incentives Per Day in USD$2.20$1.86
Total Borrow Incentives Per Day in USD$2.20$1.86
Metric% Change
WELL Supply-30.51%
WELL Borrow-30.51%
GLMR Supply-10.11%
GLMR Borrow-10.11%

USDC.wh (mUSDCwh)

Total Supply in USD: $191,740.10 Total Borrows in USD: $109,444.77

MetricCurrent ValueNew Value
Supply APY3.19%3.19%
Borrow APY7.99%7.99%
WELL Supply APR0.37%0.26%
WELL Borrow APR0.64%0.45%
GLMR Supply APR1.1%1%
GLMR Borrow APR1.93%1.76%
Total Supply APR4.66%4.45%
Total Borrow APR5.42%5.78%
Total Supply Incentives Per Day in USD$7.71$6.63
Total Borrow Incentives Per Day in USD$7.71$6.63
Metric% Change
WELL Supply-29.56%
WELL Borrow-29.56%
GLMR Supply-8.88%
GLMR Borrow-8.88%

xcUSDT (mxcUSDT)

Total Supply in USD: $231,260.81 Total Borrows in USD: $133,121.31

MetricCurrent ValueNew Value
Supply APY3.25%3.25%
Borrow APY8.06%8.06%
WELL Supply APR0.36%0.26%
WELL Borrow APR0.62%0.45%
GLMR Supply APR1.07%1%
GLMR Borrow APR1.86%1.75%
Total Supply APR4.68%4.51%
Total Borrow APR5.58%5.86%
Total Supply Incentives Per Day in USD$9.06$8.00
Total Borrow Incentives Per Day in USD$9.06$8.00
Metric% Change
WELL Supply-27.64%
WELL Borrow-27.64%
GLMR Supply-6.4%
GLMR Borrow-6.4%

xcUSDC (mxcUSDC)

Total Supply in USD: $354,918.84 Total Borrows in USD: $202,062.20

MetricCurrent ValueNew Value
Supply APY3.18%3.18%
Borrow APY7.97%7.97%
WELL Supply APR0.46%0.26%
WELL Borrow APR0.81%0.45%
GLMR Supply APR1.39%1%
GLMR Borrow APR2.45%1.76%
Total Supply APR5.03%4.44%
Total Borrow APR4.71%5.76%
Total Supply Incentives Per Day in USD$18.05$12.28
Total Borrow Incentives Per Day in USD$18.05$12.28
Metric% Change
WELL Supply-44.28%
WELL Borrow-44.28%
GLMR Supply-27.92%
GLMR Borrow-27.92%
Continue Reading
Connect Wallet to Add Note
0
Votes 475
VoterCast PowerVote & Rationale
0x5027...087ff8
12.262M

FOR

0x2Ba6...19C665
10M

FOR

0xcCa6...822738
6.316M

FOR

0xfD0c...086C46
6M

FOR

0x360A...c14Edd
4.309M

FOR

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VOTE POWER
0
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Proposal Status
  • Thu May 08 2025, 08:58 pmPublished Onchain 0x10b8...004bE5
  • Thu May 08 2025, 08:58 pmVoting Period Starts
  • Sun May 11 2025, 08:58 pmEnd Voting Period
  • Queue Proposal
  • Mon May 12 2025, 09:01 pmExecute Proposal
Current Results

1-FOR

154.162M

97.39%

2-AGAINST

2.82M

1.78%

3-ABSTAIN

1.308M

0.83%
Quorum 158.29M/100M
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