Moonwell

Summary This proposal refines the Moonwell Asset Listing Framework (MALF) review process to better balance market accessibility with long-term sustainability. The proposed update aims to align listing standards with practical risk considerations and economic viability.

Background: To strengthen the asset listing framework while maintaining accessibility for new listings, we propose the following updates to the Moonwell Asset Listing Framework (MALF):

• Swap Size Requirement: The asset must require a $500K swap to incur a 25% price impact or less across decentralized exchanges and / or aggregator.
• Liquidity Threshold: The asset must maintain at least $2M in total TVL across one or more DEX pools.
• Commercial Viability: Proposed asset markets should demonstrate a clear potential to generate at least $1,000 per month in protocol revenue.
  • This threshold is informed by revenue data from successful markets currently active on OP Mainnet:
    • USDC: approximately $10,000/month
    • ETH: approximately $5,000/month
    • VELO: approximately $5,000/month

Established markets on OP Mainnet serve as practical benchmarks, helping to set realistic revenue expectations and effectively assess potential market performance.

Voting Options

• Yes: Approve adding the outlined Moonwell Asset Listing Framework (MALF) review requirements.
• No: Reject the proposed change and maintain the current Moonwell Asset Listing Framework (MALF) review requirements.

Conclusion Approving the additional review requirements to the Moonwell Asset Listing Framework (MALF) establishes clearer liquidity benchmarks and commercial viability for projects seeking listings on Moonwell that justify the engineering and operational costs associated with activating and maintaining new markets.