Moonwell

See this forum thread for background and discussion on this proposal.

Discussion on the thread was pretty unanimous around reinstating the assets, though there was a notion around waiting given the drama from the FTX blowup. This was over a week ago – and at this point, I think we’ve waited enough as the contagion is hitting entities more slowly now.

Concretely, this proposal makes the following changes:

Add the conservative parameters for the following assets as recommended by Gauntlet for:

1. ETH.wh – 10% CF, 10% Liq Incentive, 25% RF, 210 Borrow Cap
2. BTC.wh – 10% CF, 10% Liq Incentive, 25% RF, 15 Borrow Cap
3. USDC.wh – 10% CF, 10% Liq Incentive, 15% RF, 250,000 Borrow Cap And initialize all reward speeds to zero for these assets. They can be set with a later proposal as they need to be considered holistically across all the supported assets.

We are skipping BUSD.wh for now because Chainlink doesn’t have a feed for this asset yet, and we are using the WBTC Chainlink feed for BTC.wh

Note: I received very well-tested action callData from the Moonwell team (the proposal was thoroughly unit tested on a Moonbeam testnet). See test run