Moonwell

Currently the biggest utility of the well token is governance.

This proposal aims to increase the utility of the well token with the target of rewarding the most dedicated token holders and at the same time increase the amount of well tokens in the safety module.

So, what I propose is to have a ranking system that can be used to reward the well token holders that have well tokens staked in the safety module.

Currently there are 3 types of rewards when we supply an asset to moonwell:

• Supply APY
• Well rewards
• GLMR rewards

I think it makes sense for the GLMR rewards calculation to take in account the amount of well token the user is staking in well safety module.

I propose 4 different rankings:

Base Ranking (0 - 1000 well staked in safety module):

GLMR rewards = Current GLMR rewards*0.5

Beginner Ranking (1000 – 3000 well staked in safety module):

GLMR rewards = Current GLMR rewards*0.8

Intermediary Ranking (3000-6000 well staked in safety module):

GLMR rewards = Current GLMR rewards*1.1

Advanced Ranking (more than 6000 well staked in safety module)

GLMR rewards = Current GLMR rewards*1.3

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I think with this proposal we give one more step ahead in adding utility of the well token.