Moonwell

Overview

This proposal seeks to list the AVAIL token as a new market on Moonwell’s Base deployment. AVAIL is the utility token of the Avail Network, a modular data availability layer founded by former Polygon co-founder Anurag Arjun and ex-research lead at Polygon Prabal Banerjee.

General Information

Token Asset Name: AVAIL (ERC-20 on Base bridged via Wormhole from Ethereum)

Project Description: Avail is a modular data availability layer that launched its mainnet in July 2024. The project has garnered significant traction with over 60 chains developing integrations, 110 partners including prominent projects like Lens Protocol, Sophon and Symbiotic etc.

Benefits to Moonwell Community:

1. Expands Moonwell’s asset offerings to include a fundamental infrastructure token in the modular blockchain space. 2 Provides yield opportunities for AVAIL holders on Base
2. Increases TVL potential through integration with a rapidly growing ecosystem
3. Attracts users from Avail’s existing ecosystem to Moonwell Resources:

GitHub Twitter Website Documentation Social Channel Metrics:

• Twitter: 330k+ followers
• Discord: 195k+ members
• Telegram: 140k+ members

Contact Information: Please contact @ri5hitripathi on Twitter

Author’s Relationship to Token: The proposal author is a contributor to Avail Ecosystem.

Market Risk Assessment

Market Information:

Token Address on Base: 0xd89d90d26b48940fa8f58385fe84625d468e057a Market Cap: $204,144,339.00 Circulating Supply: 1,952,453,966 AVAIL, Source Total Supply: 10,274,953,966 AVAIL, Source 24h Trading Volume: $3.2M Volatility (30-day): 20.38% Liquidity Information:

Aerodrome (Base): Bridged via Wormhole (From Ethereum to Base)

AVAIL-USDC Pool: $2.3M TVL 24h Volume: ~$350K Slippage (100k): 0.85% Uniswap V3 (Ethereum): Bridged via Avail Native Bridge (From Avail Network to Ethereum)

Combined Pools: $4.2M TVL 24h Volume: $100k Slippage (100k): 0.62% Onchain Activity Metrics:

On Avail Network:

Accounts: 283,774

Transactions : 1,768,865

Token transfers: 573,631

On Ethereum Network:

Total holders: 2,423

Supply : 73,118,687.95 AVAIL

Transfers: 34,216

On Base Network:

Total holders: 1,249

Supply: 29,197,768.16 AVAIL

Decentralization Assessment (Avail Network):

Herfindahl Index (HHI): 0.1518 Gini Coefficient: 0.9973 Emission Schedule on Avail Network:

Inflation is 5% per annum Total Supply (at genesis): 10,000,000,000 (10 billion) AVAIL Circulating Supply (at genesis): 16.775% of total supply Top Token Holders (Avail Network):

Un-Locked Public Allocation: 6% Locked Investors: 3% Locked Ecosystem Development: 24% Contract Controls:

Pausable: Yes, (4/7 Multisig controlled). The token contract has a pause mechanism in the event of an active vulnerability in the token or native bridge (Avail-Ethereum) code, to mitigate risk/exploitation. Blacklist: No Upgradeability: No Timelock: 48 hours on admin functions

Smart Contract Risk Assessment

Security Information:

• Audited by Halborn , Verichains, Sherlock Security and others.
• Audits: Audit Report for Avail
• No critical or major issues found
• Active bug bounty program on Immunefi
• Emergency Response Time: <1 hour
• GitHub: Avail · GitHub

Oracle Assessment

Base Network Price Feed:

Chainlink Oracle Address Confirmation: Address : 0x947eD6A3664fCE27a365b720286c01074d3782E0

Proposed Initial Parameters We propose the following initial conservative parameters, subject to Gauntlet’s risk assessment:

Collateral Factor: 0% (initially, as per framework recommendations) Reserve Factor: 25% (standard for non-stablecoin assets) Supply Cap: TBD based on Gauntlet’s assessment Borrow Cap: TBD based on Gauntlet’s assessment

Conclusion:

Listing AVAIL on Moonwell’s Base deployment offers a strategic opportunity to integrate a foundational infrastructure asset powering modular blockchain adoption. Adding AVAIL taps into growing demand for modular blockchain, and creating new yield opportunities on MoonWell’s base lending hub for users.

I am opening this proposal to the community to review, discuss, and provide feedback on this proposal to ensure its success and alignment with our shared vision for a secure and decentralized onchain financial future.