Migration Proposal for Moonwell Apollo Vault

Moonwell has completed the first round of remediation payments following the cbETH incident, distributing 152.83 ETH out of 169.267 ETH allocated for Round 1. **Key Details:** - Payments executed after successful passage of [MIP-B58](https://moonwell.fi/governance/proposal/moonbeam?id=147) - Approximately 20 wallets flagged as high-risk require KYC verification - Affected users must open support ticket in [Discord](https://discord.com/invite/moonwellfi) to complete verification **For Affected Users:** Check your wallet status and expected allocation using the [Remediation Dashboard](https://cbeth-remediation.vercel.app/). Simply paste your wallet address to verify payment details. Full discussion available on the [governance forum](https://forum.moonwell.fi/t/recovery-plan-cbeth-incident-and-moonwell-apollo-onboarding/2084/106).

**Governance Vote Now Open** Moonwell's WELL token holders are currently voting on a proposal to integrate @AskVenice's VVV protocol with the Moonwell platform. **Key Details:** - Voting is active and open to all WELL holders - Decision will determine whether VVV becomes part of Moonwell's ecosystem - Community-driven governance in action This follows Moonwell's ongoing commitment to decentralized decision-making, where token holders shape the platform's direction through direct voting mechanisms. [Learn more about the vote](https://moonwell.fi)

**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.

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.