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executedEnds a year ago · Onchain

MIP-X19 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 2025-04-18 at 03:30:00 UTC and ending on 2025-05-16 at 03:30:00 UTC.

Metric	Value
Timestamp of capture	1744145000
Closest block number	28677826
Total Supply in USD for incentivized markets	$211,082,036.70
Total Borrows in USD	$104,960,359.51
Safety Module APR	6.52%
Safety Module Boosted APR	21.84%
Total WELL acquired in auctions (USD)	$156,804.91

Total LP (ETH/WELL on Aerodrome)	$7,859,340.00

Total WELL to distribute DEX	600,191.939 WELL
Total WELL to distribute Safety Module	4,006,842.586 WELL
Total WELL to distribute Safety Module (Auctions)	9,405,303.254 WELL
Total WELL to distribute Markets (Config)	7,441,279.088 WELL
Total WELL to distribute Markets (Sanity Check)	7441279.0883 WELL
Total WELL to distribute Markets (Supply Side)	5785473.0230 WELL
Total WELL to distribute Markets (Borrow Side)	1655806.0653 WELL
Total WELL to distribute Markets (Borrow + Supply)	7441279.0883 WELL
Total WELL to distribute Markets (By Speed)	7441279.0883 WELL
Total WELL to distribute (Config + Auctions)	20853424.9283 WELL
Total WELL to distribute (Sanity Check)	20853424.9283 WELL

ETH (MOONWELL_WETH)

Total Supply in USD: $61,934,926.51 Total Borrows in USD: $54,969,167.19

Metric	Current Value	New Value
Supply APY	0.96%	0.96%
Borrow APY	1.20%	1.20%
WELL Supply APR	0.44%	0.38%
WELL Borrow APR	0.5%	0.43%
Total Supply APR	1.40%	1.34%
Total Borrow APR	0.70%	0.77%
Total Supply Incentives Per Day in USD	$752.28	$650.03
Total Borrow Incentives Per Day in USD	$752.28	$650.03

Metric	% Change
WELL Supply	-13.59%
WELL Borrow	-13.59%

USDC (MOONWELL_USDC)

Total Supply in USD: $54,042,288.78 Total Borrows in USD: $40,655,955.51

Metric	Current Value	New Value
Supply APY	2.88%	2.88%
Borrow APY	4.25%	4.25%
WELL Supply APR	0.73%	0.77%
WELL Borrow APR	0%	0%
Total Supply APR	3.61%	3.65%
Total Borrow APR	4.25%	4.25%
Total Supply Incentives Per Day in USD	$2,372.92	$2,498.77
Total Borrow Incentives Per Day in USD	$0.00	$0.00

Metric	% Change
WELL Supply	5.3%
WELL Borrow	0%

AERO (MOONWELL_AERO)

Total Supply in USD: $8,539,282.53 Total Borrows in USD: $1,935,221.22 Reserves to auction: $114,347.67

Metric	Current Value	New Value
Supply APY	0.83%	0.83%
Borrow APY	5.21%	5.21%
WELL Supply APR	0.41%	0.34%
WELL Borrow APR	0.93%	0.77%
Total Supply APR	1.24%	1.17%
Total Borrow APR	4.28%	4.44%
Total Supply Incentives Per Day in USD	$40.23	$33.43
Total Borrow Incentives Per Day in USD	$49.17	$40.86

Metric	% Change
WELL Supply	-16.9%
WELL Borrow	-16.9%

cbBTC (MOONWELL_cbBTC)

Total Supply in USD: $39,758,113.17 Total Borrows in USD: $2,212,497.97

Metric	Current Value	New Value
Supply APY	0.02%	0.02%
Borrow APY	0.39%	0.39%
WELL Supply APR	0%	0%
WELL Borrow APR	0.57%	0%
Total Supply APR	0.02%	0.02%
Total Borrow APR	0.00%	0.43%
Total Supply Incentives Per Day in USD	$34.41	$0.00
Total Borrow Incentives Per Day in USD	$34.41	$0.00

Metric	% Change
WELL Supply	-100%
WELL Borrow	-100%

EURC (MOONWELL_EURC)

Total Supply in USD: $4,693,895.73 Total Borrows in USD: $2,763,155.77

Metric	Current Value	New Value
Supply APY	1.90%	1.90%
Borrow APY	3.59%	3.59%
WELL Supply APR	0.26%	0.38%
WELL Borrow APR	0.45%	0.65%
Total Supply APR	2.16%	2.28%
Total Borrow APR	3.14%	2.94%
Total Supply Incentives Per Day in USD	$33.98	$49.26
Total Borrow Incentives Per Day in USD	$33.98	$49.26

Metric	% Change
WELL Supply	44.96%
WELL Borrow	44.96%

WELL (MOONWELL_WELL)

Total Supply in USD: $1,632,381.13 Total Borrows in USD: $479,984.29

Metric	Current Value	New Value
Supply APY	1.43%	1.43%
Borrow APY	6.47%	6.47%
WELL Supply APR	0.34%	0.34%
WELL Borrow APR	3.99%	4.07%
Total Supply APR	1.77%	1.77%
Total Borrow APR	2.48%	2.40%
Total Supply Incentives Per Day in USD	$42.95	$43.76
Total Borrow Incentives Per Day in USD	$52.50	$53.48

Metric	% Change
WELL Supply	1.87%
WELL Borrow	1.87%

tBTC (MOONWELL_TBTC)

Total Supply in USD: $1,786,724.70 Total Borrows in USD: $612,460.26

Metric	Current Value	New Value
Supply APY	0.74%	0.74%
Borrow APY	2.40%	2.40%
WELL Supply APR	0.34%	0.38%
WELL Borrow APR	1.54%	1.74%
Total Supply APR	1.08%	1.12%
Total Borrow APR	0.86%	0.66%
Total Supply Incentives Per Day in USD	$25.78	$29.25
Total Borrow Incentives Per Day in USD	$25.78	$29.25

Metric	% Change
WELL Supply	13.47%
WELL Borrow	13.47%

LBTC (MOONWELL_LBTC)

Total Supply in USD: $2,879,591.49 Total Borrows in USD: $1,016,744.20

Metric	Current Value	New Value
Supply APY	0.97%	0.97%
Borrow APY	3.07%	3.07%
WELL Supply APR	0.64%	0.38%
WELL Borrow APR	2.45%	1.46%
Total Supply APR	1.61%	1.35%
Total Borrow APR	0.62%	1.61%
Total Supply Incentives Per Day in USD	$68.31	$40.72
Total Borrow Incentives Per Day in USD	$68.31	$40.72

Metric	% Change
WELL Supply	-40.39%
WELL Borrow	-40.39%

VIRTUAL (MOONWELL_VIRTUAL)

Total Supply in USD: $675,879.35 Total Borrows in USD: $307,732.56

Metric	Current Value	New Value
Supply APY	4.14%	4.14%
Borrow APY	13.00%	13.00%
WELL Supply APR	0.31%	0.34%
WELL Borrow APR	7.06%	7.77%
Total Supply APR	4.45%	4.48%
Total Borrow APR	5.94%	5.23%
Total Supply Incentives Per Day in USD	$48.73	$53.61
Total Borrow Incentives Per Day in USD	$59.56	$65.53

Metric	% Change
WELL Supply	10.02%
WELL Borrow	10.02%

MORPHO (MOONWELL_MORPHO)

Total Supply in USD: $138,953.31 Total Borrows in USD: $7,440.54

Metric	Current Value	New Value
Supply APY	0.05%	0.05%
Borrow APY	1.23%	1.23%
WELL Supply APR	0%	0.34%
WELL Borrow APR	0%	291.04%
Total Supply APR	0.05%	0.39%
Total Borrow APR	1.23%	0.00%
Total Supply Incentives Per Day in USD	$0.00	$48.54
Total Borrow Incentives Per Day in USD	$0.00	$59.33

Metric	% Change
WELL Supply	100%
WELL Borrow	100%

Optimism Network

If successful, the proposal would automatically distribute and adjust liquidity incentives for the period beginning 2025-04-18 at 03:30:00 UTC and ending on 2025-05-16 at 03:30:00 UTC.

Metric	Value
Timestamp of capture	1744145000
Closest block number	134273111
Total Supply in USD for incentivized markets	$25,082,460.56
Total Borrows in USD	$11,702,096.97
Safety Module APR	10.55%
Safety Module Boosted APR	10.58%
Total WELL acquired in auctions (USD)	$5.57

Total WELL to distribute DEX	39,973.823 WELL
Total WELL to distribute Safety Module	133,246.076 WELL
Total WELL to distribute Safety Module (Auctions)	334 WELL
Total WELL to distribute Markets (Config)	1,159,240.858 WELL
Total WELL to distribute Markets (Sanity Check)	1159240.8583 WELL
Total WELL to distribute Markets (Supply Side)	1159240.8583 WELL
Total WELL to distribute Markets (Borrow Side)	0.0000 WELL
Total WELL to distribute Markets (Borrow + Supply)	1159240.8583 WELL
Total WELL to distribute Markets (By Speed)	1159240.8583 WELL
Total WELL to distribute (Config + Auctions)	1332794.7567 WELL
Total WELL to distribute (Sanity Check)	1332794.7567 WELL

Total OP to distribute Markets (Config)	20000.0000 OP
Total OP to distribute Markets (Sanity Check)	20000.0000 OP
Total OP to distribute Markets (Supply Side)	20000.0000 OP
Total OP to distribute Markets (Borrow Side)	0.0000 OP
Total OP to distribute Markets (Borrow + Supply)	20000.0000 OP
Total OP to distribute Markets (By Speed)	20000.0000 OP

USDC (MOONWELL_USDC)

Total Supply in USD: $3,268,145.50 Total Borrows in USD: $2,497,219.01 Reserves to auction: $38,808.02

Metric	Current Value	New Value
Supply APY	2.97%	2.97%
Borrow APY	4.32%	4.32%
WELL Supply APR	0.37%	1%
WELL Borrow APR	0.92%	0%
OP Supply APR	0%	0.61%
OP Borrow APR	0%	0%
Total Supply APR	3.34%	4.58%
Total Borrow APR	3.40%	4.32%
Total Supply Incentives Per Day in USD	$63.19	$277.50
Total Borrow Incentives Per Day in USD	$63.19	$0.00

Metric	% Change
WELL Supply	172.95%
WELL Borrow	-100%
OP Supply	100%
OP Borrow	0%

USDT (MOONWELL_USDT)

Total Supply in USD: $748,158.58 Total Borrows in USD: $675,909.63

Metric	Current Value	New Value
Supply APY	6.65%	6.65%
Borrow APY	8.17%	8.17%
WELL Supply APR	1.47%	1%
WELL Borrow APR	1.08%	0%
OP Supply APR	0%	0.61%
OP Borrow APR	0%	0%
Total Supply APR	8.12%	8.26%
Total Borrow APR	7.09%	8.17%
Total Supply Incentives Per Day in USD	$20.02	$22.06
Total Borrow Incentives Per Day in USD	$20.02	$0.00

Metric	% Change
WELL Supply	-31.52%
WELL Borrow	-100%
OP Supply	100%
OP Borrow	0%

DAI (MOONWELL_DAI)

Total Supply in USD: $371,749.08 Total Borrows in USD: $319,000.31

Metric	Current Value	New Value
Supply APY	3.74%	3.74%
Borrow APY	4.85%	4.85%
WELL Supply APR	0.63%	1%
WELL Borrow APR	0.74%	0%
OP Supply APR	0%	0.61%
OP Borrow APR	0%	0%
Total Supply APR	4.37%	5.35%
Total Borrow APR	4.11%	4.85%
Total Supply Incentives Per Day in USD	$6.43	$16.46
Total Borrow Incentives Per Day in USD	$6.43	$0.00

Metric	% Change
WELL Supply	59.12%
WELL Borrow	-100%
OP Supply	100%
OP Borrow	0%

ETH (MOONWELL_WETH)

Total Supply in USD: $8,716,353.47 Total Borrows in USD: $7,837,457.23

Metric	Current Value	New Value
Supply APY	0.98%	0.98%
Borrow APY	1.21%	1.21%
WELL Supply APR	0.47%	1%
WELL Borrow APR	0.83%	0%
OP Supply APR	0%	0.61%
OP Borrow APR	0%	0%
Total Supply APR	1.45%	2.59%
Total Borrow APR	0.38%	1.21%
Total Supply Incentives Per Day in USD	$178.19	$607.26
Total Borrow Incentives Per Day in USD	$178.19	$0.00

Metric	% Change
WELL Supply	111.83%
WELL Borrow	-100%
OP Supply	100%
OP Borrow	0%

wstETH (MOONWELL_wstETH)

Total Supply in USD: $1,459,158.96 Total Borrows in USD: $19,516.77

Metric	Current Value	New Value
Supply APY	0.00%	0.00%
Borrow APY	0.08%	0.08%
WELL Supply APR	0%	1%
WELL Borrow APR	0%	0%
OP Supply APR	0%	0.61%
OP Borrow APR	0%	0%
Total Supply APR	0.00%	1.61%
Total Borrow APR	0.08%	0.08%
Total Supply Incentives Per Day in USD	$0.00	$64.60
Total Borrow Incentives Per Day in USD	$0.00	$0.00

Metric	% Change
WELL Supply	100%
WELL Borrow	0%
OP Supply	100%
OP Borrow	0%

rETH (MOONWELL_rETH)

Total Supply in USD: $167,199.16 Total Borrows in USD: $0.10

Metric	Current Value	New Value
Supply APY	0.00%	0.00%
Borrow APY	0.00%	0.00%
WELL Supply APR	0%	1%
WELL Borrow APR	0%	0%
OP Supply APR	0%	0.61%
OP Borrow APR	0%	0%
Total Supply APR	0.00%	1.61%
Total Borrow APR	0.00%	0.00%
Total Supply Incentives Per Day in USD	$0.00	$7.40
Total Borrow Incentives Per Day in USD	$0.00	$0.00

Metric	% Change
WELL Supply	100%
WELL Borrow	0%
OP Supply	100%
OP Borrow	0%

OP (MOONWELL_OP)

Total Supply in USD: $544,847.71 Total Borrows in USD: $77,030.14 Reserves to auction: $821.85

Metric	Current Value	New Value
Supply APY	0.36%	0.36%
Borrow APY	3.41%	3.41%
WELL Supply APR	0%	1%
WELL Borrow APR	0%	0%
OP Supply APR	0%	0.61%
OP Borrow APR	0%	0%
Total Supply APR	0.36%	1.97%
Total Borrow APR	3.41%	3.41%
Total Supply Incentives Per Day in USD	$0.00	$24.12
Total Borrow Incentives Per Day in USD	$0.00	$0.00

Metric	% Change
WELL Supply	100%
WELL Borrow	0%
OP Supply	100%
OP Borrow	0%

weETH (MOONWELL_weETH)

Total Supply in USD: $727,336.56 Total Borrows in USD: $690.85

Metric	Current Value	New Value
Supply APY	0.00%	0.00%
Borrow APY	0.01%	0.01%
WELL Supply APR	0%	1%
WELL Borrow APR	0%	0%
OP Supply APR	0%	0.61%
OP Borrow APR	0%	0%
Total Supply APR	0.00%	1.61%
Total Borrow APR	0.01%	0.01%
Total Supply Incentives Per Day in USD	$0.00	$32.21
Total Borrow Incentives Per Day in USD	$0.00	$0.00

Metric	% Change
WELL Supply	100%
WELL Borrow	0%
OP Supply	100%
OP Borrow	0%

VELO (MOONWELL_VELO)

Total Supply in USD: $1,242,942.41 Total Borrows in USD: $273,233.42 Reserves to auction: $15,840.47

Metric	Current Value	New Value
Supply APY	0.69%	0.69%
Borrow APY	4.20%	4.20%
WELL Supply APR	0%	1%
WELL Borrow APR	6.74%	0%
OP Supply APR	0%	0.61%
OP Borrow APR	0%	0%
Total Supply APR	0.69%	2.30%
Total Borrow APR	0.00%	4.20%
Total Supply Incentives Per Day in USD	$0.00	$55.02
Total Borrow Incentives Per Day in USD	$50.46	$0.00

Metric	% Change
WELL Supply	100%
WELL Borrow	-100%
OP Supply	100%
OP Borrow	0%

wrsETH (MOONWELL_wrsETH)

Total Supply in USD: $86,569.13 Total Borrows in USD: $2,039.51

Metric	Current Value	New Value
Supply APY	0.01%	0.01%
Borrow APY	0.35%	0.35%
WELL Supply APR	0%	1%
WELL Borrow APR	0%	0%
OP Supply APR	0%	0.61%
OP Borrow APR	0%	0%
Total Supply APR	0.01%	1.62%
Total Borrow APR	0.35%	0.35%
Total Supply Incentives Per Day in USD	$0.00	$3.83
Total Borrow Incentives Per Day in USD	$0.00	$0.00

Metric	% Change
WELL Supply	100%
WELL Borrow	0%
OP Supply	100%
OP Borrow	0%

Moonbeam Network

If successful, the proposal would automatically distribute and adjust liquidity incentives for the period beginning 2025-04-18 at 03:30:00 UTC and ending on 2025-05-16 at 03:30:00 UTC.

Metric	Value
Timestamp of capture	1744145000
Closest block number	10372174
Total Supply in USD for incentivized markets	$8,798,302.96
Total Borrows in USD	$1,108,697.67
Safety Module APR	3.67%

Total LP (GLMR/WELL on StellaSwap)	$40,135.00

Total WELL to distribute DEX	17,943.249 WELL
Total WELL to distribute Safety Module	168,666.541 WELL
Total WELL to distribute Markets (Config)	172,255.191 WELL
Total WELL to distribute Markets (Sanity Check)	172255.1911 WELL
Total WELL to distribute Markets (Supply Side)	154963.8194 WELL
Total WELL to distribute Markets (Borrow Side)	17291.3717 WELL
Total WELL to distribute Markets (Borrow + Supply)	172255.1911 WELL
Total WELL to distribute Markets (By Speed)	172255.1911 WELL
Total WELL to distribute (Config)	358864.9814 WELL
Total WELL to distribute (Sanity Check)	358864.9814 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)	168678.3194 GLMR
Total GLMR to distribute Markets (Borrow Side)	18821.6806 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: $804,889.44 Total Borrows in USD: $377,717.13

Metric	Current Value	New Value
Supply APY	2.12%	2.12%
Borrow APY	9.04%	9.04%
WELL Supply APR	0.33%	0.21%
WELL Borrow APR	0.7%	0.45%
GLMR Supply APR	1.12%	0.79%
GLMR Borrow APR	2.4%	1.69%
Total Supply APR	3.57%	3.12%
Total Borrow APR	5.94%	6.90%
Total Supply Incentives Per Day in USD	$32.07	$22.19
Total Borrow Incentives Per Day in USD	$32.07	$22.19

Metric	% Change
WELL Supply	-35.46%
WELL Borrow	-35.46%
GLMR Supply	-29.44%
GLMR Borrow	-29.44%

DOT (mxcDOT)

Total Supply in USD: $2,031,915.24 Total Borrows in USD: $240,280.62

Metric	Current Value	New Value
Supply APY	0.36%	0.36%
Borrow APY	3.77%	3.77%
WELL Supply APR	0.44%	0.43%
WELL Borrow APR	0%	0%
GLMR Supply APR	1.5%	1.59%
GLMR Borrow APR	0%	0%
Total Supply APR	2.30%	2.38%
Total Borrow APR	3.77%	3.77%
Total Supply Incentives Per Day in USD	$373.78	$387.75
Total Borrow Incentives Per Day in USD	$0.00	$0.00

Metric	% Change
WELL Supply	-3.24%
WELL Borrow	0%
GLMR Supply	5.78%
GLMR Borrow	0%

FRAX (mFRAX)

Total Supply in USD: $57,107.93 Total Borrows in USD: $13,125.38

Metric	Current Value	New Value
Supply APY	0.52%	0.52%
Borrow APY	3.22%	3.22%
WELL Supply APR	0.18%	0.21%
WELL Borrow APR	0.79%	0.93%
GLMR Supply APR	0.62%	0.79%
GLMR Borrow APR	2.7%	3.45%
Total Supply APR	1.32%	1.52%
Total Borrow APR	0.00%	0.00%
Total Supply Incentives Per Day in USD	$1.25	$1.57
Total Borrow Incentives Per Day in USD	$1.25	$1.57

Metric	% Change
WELL Supply	16.83%
WELL Borrow	16.83%
GLMR Supply	27.74%
GLMR Borrow	27.74%

USDC.wh (mUSDCwh)

Total Supply in USD: $200,372.38 Total Borrows in USD: $140,792.64

Metric	Current Value	New Value
Supply APY	23.64%	23.64%
Borrow APY	48.06%	48.06%
WELL Supply APR	0.37%	0.21%
WELL Borrow APR	0.53%	0.3%
GLMR Supply APR	1.27%	0.79%
GLMR Borrow APR	1.81%	1.13%
Total Supply APR	25.28%	24.64%
Total Borrow APR	45.72%	46.63%
Total Supply Incentives Per Day in USD	$9.01	$5.53
Total Borrow Incentives Per Day in USD	$9.01	$5.53

Metric	% Change
WELL Supply	-42.85%
WELL Borrow	-42.85%
GLMR Supply	-37.52%
GLMR Borrow	-37.52%

xcUSDT (mxcUSDT)

Total Supply in USD: $235,175.60 Total Borrows in USD: $125,801.22

Metric	Current Value	New Value
Supply APY	2.80%	2.80%
Borrow APY	7.49%	7.49%
WELL Supply APR	0.22%	0.21%
WELL Borrow APR	0.42%	0.4%
GLMR Supply APR	0.76%	0.79%
GLMR Borrow APR	1.43%	1.48%
Total Supply APR	3.78%	3.80%
Total Borrow APR	5.64%	5.61%
Total Supply Incentives Per Day in USD	$6.35	$6.48
Total Borrow Incentives Per Day in USD	$6.35	$6.48

Metric	% Change
WELL Supply	-4.79%
WELL Borrow	-4.79%
GLMR Supply	4.1%
GLMR Borrow	4.1%

xcUSDC (mxcUSDC)

Total Supply in USD: $468,842.37 Total Borrows in USD: $210,980.68

Metric	Current Value	New Value
Supply APY	1.98%	1.98%
Borrow APY	6.30%	6.30%
WELL Supply APR	0.21%	0.21%
WELL Borrow APR	0.46%	0.47%
GLMR Supply APR	0.71%	0.79%
GLMR Borrow APR	1.58%	1.76%
Total Supply APR	2.90%	2.98%
Total Borrow APR	4.26%	4.07%
Total Supply Incentives Per Day in USD	$11.78	$12.92
Total Borrow Incentives Per Day in USD	$11.78	$12.92

Metric	% Change
WELL Supply	2.37%
WELL Borrow	2.37%
GLMR Supply	11.92%
GLMR Borrow	11.92%

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Cast Vote

Votes 348

Voter	Cast Power	Vote & Rationale
0xB540...6e78B4	16.444M	FOR
0xBB2b...2F26fD	13.467M	FOR
0x5027...087ff8	12.1M	FOR
0x7374...048503	9.328M	FOR
0x7A91...d1877c	8.093M	FOR

VOTE POWER

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Proposal Status

Wed April 09 2025, 05:34 pmPublished Onchain 0x10b8...004bE5
Wed April 09 2025, 05:34 pmVoting Period Starts
Sat April 12 2025, 05:34 pmEnd Voting Period
Queue Proposal
Sun April 13 2025, 05:34 pmExecute Proposal

Current Results

1-FOR

194.474M

98.82%

2-AGAINST

1.227M

0.62%

3-ABSTAIN

1.096M

0.56%

Quorum 196.797M/100M

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