
Moonwell's USDC Vault now supports Ethereum-backed loans directly in the Coinbase app, expanding beyond Bitcoin lending.
Key developments:
- Curators allocated liquidity to the cbETH/USDC market on Morpho
- Higher borrowing activity drives increased utilization and revenue
- Vault serves as primary liquidity source for ETH-backed loans
Access points:
This expansion follows Moonwell's successful Bitcoin lending integration and represents continued growth in institutional DeFi adoption.
Recap from last week on Moonwell: • New @edge_pod podcast • @Mamo USDC and Bitcoin Account Upgrades • Token2049 interview with @grafacrypto • @Cypher_HQ_ airdrop for Moonwell Card users • Moonwell at DuneCon25 this year • New governance dashboard
The Moonwell USDC Vault on @Base leads all Moonwell Vaults in fee generation. Demand for loans backed by Bitcoin collateral on Coinbase drives much of this growth. As Coinbase expands loan access globally, this vault will become an even larger source of revenue for Moonwell.
Idle assets hinder progress. The new Moonwell Ecosystem USDC Vault on @Base is designed as a model that other projects can adapt for their own treasuries. WELL tokens on the balance sheet turn into productive liquidity, supporting Moonwell's operations and long-term growth.
🌜🟦🌛 The Moonwell Flagship USDC Vault is now integrated into @FractionAI_xyz on @Base. It's simple to build on top of Moonwell and our @Morpho-powered vaults. Gain access to a steady source of returns and unlock use cases and opportunities for the ecosystem.
Fraction AI is partnering with @MoonwellDeFi to accelerate DeFi’s evolution into DeFAI. Together, we are enabling autonomous agents to deploy capital across the most valuable onchain assets. Moonwell stands out as one of the top protocols in DeFi, delivering dynamic interest
Recap from last week on Moonwell: • Base DeFi podcast with @0xResearch • Shopping with Moonwell Card • @tokenterminal Spotlight: Active users are trending up! • Moonwell USDC Vault facilitating @Coinbase USDC loans • Borrow USDC against WELL, stkWELL, and MAMO (@mamo)
Now Live: WELL Rewards on Moonwell Vaults! 🦋 Deposit into any Moonwell Vault on Base (USDC, ETH, cbBTC, EURC) and earn WELL rewards. Deposited since October 10? Rewards have been retroactively distributed and are ready to claim.
The Moonwell Card connects onchain finance to everyday life. 🌐 Borrow against your crypto or autoload straight from your vault. Shop anywhere Visa is accepted, all while your stablecoins keep earning at 2-3x the rate of inflation.
Highlights from the last week: • Moonwell and @Mamo unification roadmap • Analyzing protocol revenue with @Joel_Obafemi • @FractionAI_xyz integrates the Moonwell USDC Vault • @LukeYoungblood featured in Bloomberg • Spotlight: Turning treasuries into productive liquidity
Moonwell makes lending composable and easy to integrate. Developers build on top. Users get better experiences. The future is onchain. 🛠️
14/ Core primitives form composable ‘money legos’ for modular lending, borrowing, yield, and more Teams like @aave @compoundfinance @eulerfinance @0xfluid @maplefinance @MoonwellDeFi @MorphoLabs @skyEcosystem @Frax @pendle_fi @veda_labs @WisdomTreePrime @Polymarket @synthetix
The Moonwell Flagship USDC Vault on @Base is ready to support Ethereum-backed loans in the @Coinbase app. Our curators have allocated liquidity to the cbETH/USDC market on @Morpho to meet this new demand. Higher borrowing activity increases utilization and revenue for Moonwell.
If you believe in somΞTHing, this one's for you. ETH-backed loans are here. You can borrow USDC against your Ethereum, unlocking liquidity without selling. Available now in the U.S. (ex. NY).
🌜🦋🌛 WELL Rewards Renewed! Over the next 30 days, 3.33M WELL will be distributed across Moonwell Vaults on @Base to sustain their growth and adoption. Powered by @MorphoLabs, the vaults remain the top choice for depositors and continue to set the standard for lending on Base.
Over $1B is now supplied to the cbBTC/USDC market on @MorphoLabs. @Coinbase’s borrow product drives much of this growth, letting users borrow USDC against Bitcoin. The Moonwell USDC Vault helps provide liquidity for these loans, generating revenue that rewards WELL stakers.
Thought I’d share this : On the Moonwell $CBTC / $USDC market pair : There is currently 9,286 Bitcoin supplied Valued at $1,024,786,621 billion dollars All is $well with @MoonwellDeFi $aero $morpho $mamo $btc #base
ICYMI: A new Moonwell Vault has launched on @Base. The Moonwell Ecosystem USDC Vault, powered by @MorphoLabs and curated by @anthiasxyz, lets you supply USDC that can be borrowed against WELL, staked WELL, and MAMO (@mamo). Rewards for this vault are coming soon. 🦋
Introducing the Moonwell Ecosystem USDC Vault on @Base! 🦋 Built on @MorphoLabs and curated by @anthiasxyz, this strategic vault is designed to support the long-term growth of our ecosystem. Deposit USDC and let it be borrowed against WELL, staked WELL, and MAMO (@mamo).
Recap from last week on Moonwell: • WELL rewards on Moonwell Vaults (@Base) • Fees and revenue integrated on @coingecko • @LukeYoungblood featured in @DLNewsInfo • Staking rewards now claimable in Moonwell app • October Governance Call + participation continues to increase
Did you know @MorphoLabs is on @Optimism Mainnet? Earn borrower fees and additional WELL incentives by depositing into the Moonwell Flagship USDC Vault. The vault currently pays a total APY of 8.2%. 🔴
A new way to put USDC to work. 🦋 Next week, the Moonwell Ecosystem USDC Vault goes live. Built on @MorphoLabs, it creates a public credit facility where WELL holders can borrow against their WELL. Part of the growing suite of Moonwell Vaults on @Base.
Financing the long-term growth of the Moonwell ecosystem through @MorphoLabs markets and vaults. Listen to our contributor @LukeYoungblood explain the new private credit facility where WELL on the balance sheet can be used as collateral to borrow USDC.
🌜🦋🌛 A new Moonwell Ecosystem USDC Vault is coming to @Base, built on @MorphoLabs and curated by @anthiasxyz. Stay tuned for more details next week!
The voting period for MIP-B47 has ended. ✅ The proposal has passed and entered the 24-hour Vote Collection period. 🗳 Results: moonwell.fi/governance/pro…
Moonwell Launches New Governance Dashboard and Expands Bitcoin Lending Features

**Moonwell** rolled out several key updates this week: - **New governance dashboard** created by @joel_obafemi to track reserve auctions and vote-to-claim staking rewards - **Mamo account upgrades** for USDC and Bitcoin functionality - **Bitcoin borrowing discussion** on Edge Podcast featuring @LukeYoungblood and @GrafaCrypto about using Moonwell Vaults on Base - **$CYPR airdrop rewards** for Moonwell Card users from Cypher - **DuneCon25 presence** with contributor @danimimm attending in Buenos Aires The governance improvements aim to **increase community participation** through enhanced tracking of reserve auctions and staking rewards.
Moonwell Implements API3's OEV-enabled Data Feed for GLMR Core Market
Moonwell has expanded its OEV (Oracle Extractable Value) implementation by integrating API3's OEV-enabled data feed for the GLMR Core Market on Moonbeam Network. This strategic update follows Moonwell's successful rollout of OEV across 15 markets on Base and Optimism Mainnet. Key updates: - First lending protocol to implement onchain OEV auctions - New integration with API3's data feed on Moonbeam - Enhanced revenue generation capabilities - Improved capital efficiency across markets The expansion demonstrates Moonwell's commitment to optimizing protocol revenue streams while maintaining robust market operations.
Moonwell Expands OEV Implementation for Enhanced Revenue Generation
Moonwell has successfully expanded its Oracle Extracted Value (OEV) implementation across multiple markets: - First lending protocol to implement onchain OEV auctions - Expansion to 15 new markets on Base and Optimism Mainnet - Captures value traditionally lost to L2 sequencers during liquidations - Creates new revenue stream while improving capital efficiency The protocol's OEV mechanism represents a significant advancement in DeFi infrastructure, allowing for more efficient value capture and distribution within the ecosystem. [Read the full proposal](https://moonwell.fi/governance/proposal/moonbeam?id=161)
Chainlink Deploys WELL-USD Price Feed on Base and Optimism

Chainlink has expanded its price feed offerings with the launch of WELL-USD on Base and Optimism networks. This development builds on Moonwell's existing integration of Chainlink Price Feeds across multiple networks including Base, Moonbeam, and Moonriver. - New WELL-USD price feed provides reliable token pricing - Implementation enables expanded use cases on both networks - Continues Chainlink's role as industry standard for price feeds The integration reinforces Moonwell's commitment to market reliability and accurate pricing across its supported networks.