Moonwell activates market for Rocket Pool rETH

Moonwell has identified a rewards distribution issue following MIP-X28 implementation on Base, where some stakers received higher rewards than intended. Key points: - Staked WELL tokens in Safety Module remain secure - Only claimable rewards from Ecosystem Reserve affected - Maximum impact limited to few weeks of rewards - Investigation ongoing with detailed impact assessment pending - DAO working on fair compensation plan for affected stakers The team has posted a detailed update on the Moonwell governance forum and continues to work on remediation.

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 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 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.

**Key Updates:** - Moonwell Flagship Vault depositors can now claim their earned rewards, including MORPHO tokens - Rewards are available for deposits made up until November 20 - Claims can be processed directly through the Moonwell app - Eligible vaults include ETH, USDC, and EURC on Base This follows the recent MORPHO token transferability activation, marking a significant milestone for vault participants. Depositors can access their rewards at moonwell.fi/vaults.