BingX Joins Major Exchanges Supporting WELL Migration to Base

**Urgent deadline approaching:** WELL token holders on Moonbeam have until **July 31** to transfer their assets before the network sunsets on Polkadot. **Key actions required:** - Transfer WELL tokens to Base, OP Mainnet, or Ethereum Mainnet - Transfers are 1:1 and complete in minutes - The 7-day staking cooldown has been removed for immediate redemption - Over 25M WELL remains staked on Moonbeam **Important notes:** - Tokens left on Moonbeam after July 31 may become permanently inaccessible - This affects only Moonbeam deployment; Base, OP Mainnet, and Ethereum markets remain unaffected [Transfer your WELL now](http://moonwell.fi/transfer)

**Bitcoin activity accelerates across Moonwell protocol** Coinbase's cbBTC saw significant growth this week: - Borrowing jumped **87% on Ethereum** - Base network borrowing increased **13%** - Ethereum deposits climbed **23%** This follows a broader trend of increased borrowing activity across Moonwell's markets. Last week, USDT and USDC borrows on Ethereum rose 236% and 148% respectively, while VELO borrows on OP Mainnet climbed 206% to nearly 6M VELO. The growth comes after Moonwell introduced enhanced borrowing rewards, allowing users to earn WELL tokens when borrowing USDC, USDT, ETH, or cbBTC across all Ethereum markets. [View full Market Watch report](https://moonwell.fi)

Moonwell has expanded its rewards program to include borrowers on Ethereum. Users can now earn WELL tokens by borrowing USDC, USDT, ETH, or cbBTC across all Ethereum markets. This follows the June launch of supply-side incentives, where lenders earned WELL rewards plus borrower interest. The platform now rewards both sides of the lending equation. **Key Details:** - Borrowing rewards live across all Ethereum markets - Supported assets: USDC, USDT, ETH, cbBTC - Complements existing supply rewards program The dual incentive structure aims to boost liquidity and participation on both lending and borrowing sides of the protocol.

Following its recent Ethereum launch, **Moonwell is considering Robinhood Chain as its next deployment destination**. The community is being invited to discuss this potential expansion on the project's forum. This comes after Moonwell successfully went live on Ethereum last month, marking a significant milestone in the protocol's multi-chain strategy. - Community members can share their thoughts on the forum - Decision follows recent Ethereum integration - Robinhood Chain represents potential new market opportunity The move would extend Moonwell's lending protocol to Robinhood's blockchain infrastructure, potentially reaching a new user base.