Livestream Announcement

Moonwell's Q4 2025 performance demonstrated measurable growth across key metrics, according to Token Terminal's latest report. **Key Highlights:** - Fees and revenue increased quarter over quarter - Monthly active users grew during the period - Growth occurred despite cooling market conditions - Usage metrics aligned with economic performance The report emphasizes that capital remained productive rather than idle throughout Q4. The data shows consistent user engagement translating into platform economics. The full analysis is available on [Binance Square](https://www.binance.com/en/square/post/35170977363625) and X.

Moonwell has recalibrated its incentive structure on Base to balance competitive returns with sustainable liquidity management. **Distribution Details:** - Total allocation: 2,192,599.32 WELL tokens - Distribution period: January 16 - February 2 **Vault Breakdown:** - USDC: 1,356,324.84 WELL - ETH: 454,278.62 WELL - EURC: 271,049.85 WELL - cbBTC: 110,946.01 WELL The adjustments aim to align incentive spending with actual vault utilization while maintaining attractive yields for liquidity providers.

Moonwell has increased MORPHO rewards for its Ecosystem USDC Vault on Base. Users can deposit through the Morpho app to earn additional rewards. **How it works:** - Deposits supply borrowable USDC liquidity to three markets - Markets include: WELL/USDC, stkWELL/USDC, and MAMO/USDC - The vault is powered by Morpho Labs and curated by Anthias This vault allows users to put idle USDC to work while earning boosted rewards. The vault was initially launched in October 2025, with rewards now enhanced for depositors.

**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:** - [Explore USDC Vault](https://moonwell.fi/vaults/deposit/base/mwusdc) - [Real-time tracking](https://morpho.blockanalitica.com/base/vaults/vaults?search=moonwell) This expansion follows Moonwell's successful Bitcoin lending integration and represents continued growth in institutional DeFi adoption.

**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.