Moonwell Borrowing Surges Across Networks
Moonwell Borrowing Surges Across Networks
📈 Moonwell Borrowing Explodes
Borrowing activity accelerated across Moonwell's lending markets last week, with notable increases on multiple chains.
Key Metrics:
- USDT borrows on Ethereum: +236%
- USDC borrows on Ethereum: +148%
- VELO borrows on OP Mainnet: +206% (reaching nearly 6M VELO)
This uptick follows recent protocol enhancements, including new borrow incentives for USDC, USDT, ETH, and cbBTC on Ethereum. Users can now earn WELL tokens while borrowing these assets.
The growth comes as Moonwell continues expanding across chains. Since launching on Ethereum in June, the protocol has attracted over $3.5M in supplied assets. Supply-side WELL incentives remain active across all Ethereum markets.
Moonwell operates on Ethereum, Base, and OP Mainnet, offering lending and borrowing for stablecoins, ETH, cbBTC, and other assets. All smart contracts are audited by Halborn Security.
Moonwell on Ethereum, now tracked by @tokenterminal. Fees, revenue, total deposits, and active users, alongside coverage for our @Base and @Optimism Mainnet markets.
Moonwell Score, a new onchain credit reporting system.
Can an agent build a credit history onchain? 🤖 Moonwell Score is a new onchain credit scoring system, powered by publicly observable activity on Moonwell. See how an address borrows, repays, uses liquidity, and manages risk, all summarized in a live score from 300–850.
All key metrics for Moonwell on Ethereum. Now tracked by @tokenterminal.
Moonwell on Ethereum, now tracked by @tokenterminal. Fees, revenue, total deposits, and active users, alongside coverage for our @Base and @Optimism Mainnet markets.
Last month, Moonwell went live on Ethereum. Could Robinhood Chain (@RobinhoodCrypto) be where we go next? Join the conversation on the forum below ↓
Robinhood Chain mainnet is live. Fast, secure, AI-native, and purpose-built for real-world assets from day one. x.com/i/broadcasts/1…
WELL rewards have arrived on Ethereum. Now live across USDC, USDT, ETH, and cbBTC markets. Supply to start earning today.
This week, @AerodromeFi AERO deposits on @Base rose 29%, while ETH borrows climbed 9%. On @Ethereum, USDC supply also began picking up as Moonwell’s newest deployment starts to grow. Moonwell Market Watch, from @anthiasxyz.
Just the beginning. Rewards are now live across all markets on Ethereum. Supply to earn on your USDC, USDT, ETH or @Coinbase Bitcoin.
Highlights from last week: → Moonwell Score: new credit report system → Moonwell 🤝 @Base MCP → Incentives live on Ethereum → Moonwell Vaults & conservative risk profiles → @Mamo uses #1 Moonwell ETH Vault → Market Watch (@anthiasxyz) → Moonwell Card, what's next?
Borrowing picked up across Moonwell last week. USDT and USDC borrows on @Ethereum rose 236% and 148%, while @VelodromeFi VELO borrows on OP Mainnet climbed 206% to nearly 6M VELO. Moonwell Market Watch, brought to you by @anthiasxyz ↓
Moonwell on Ethereum is off to a strong start. Nearly $3M has been supplied since Moonwell went live in June, with WELL supply-side incentives available across all markets. USDC, USDT, ETH, and cbBTC are now available to lend and borrow.
This week’s Moonwell Market Watch: Supply in the USDC, ETH, USDT, and cbBTC markets on Ethereum rose as WELL liquidity incentives went live to help foster adoption. On Base, @LidoFinance wstETH supply climbed 27%.
Liquidity incentives on Ethereum, anyone? A new proposal is live to add WELL incentives to the ETH, cbBTC, USDC, and USDT Core Markets on @Ethereum. If successful, it would help bootstrap liquidity on the network.
MIP-X59 has been submitted for onchain voting. This proposal seeks to rebalance liquidity incentives on @ethereum and @Base. 🗳️ Vote: moonwell.fi/governance/pro…
Supply-side incentives are live across all markets on Ethereum. Incentivized markets: USDC, USDT, ETH, and @Coinbase Bitcoin (cbBTC) Explore: moonwell.fi/markets/ethere…
Incentives are now live on Ethereum. Supply USDC, USDT, ETH, or cbBTC to earn WELL rewards, plus interest from borrowers. Moonwell 🤝 Ethereum.
Another strong week of growth across all markets on Ethereum. Supply rose 72% for USDC, 93% for ETH, and 112% for cbBTC. See the latest Moonwell Market Watch by @anthiasxyz ↓
More assets are being put to work across Moonwell. This week, supply increased across key Base and Ethereum markets, led by @AskVenice VVV and @Coinbase cbBTC. Moonwell Market Watch, from @anthiasxyz ↓
Activity picked up across Moonwell this week. Borrowing for @Coinbase Bitcoin (cbBTC) and @VelodromeFi VELO increased by 74% on @Base and 219% on OP Mainnet, respectively. Moonwell Market Watch, by @anthiasxyz ↓
Incentives are now live on Ethereum. Supply USDC, USDT, ETH, or cbBTC to earn WELL rewards, plus interest from borrowers. Moonwell 🤝 Ethereum.
Over $3.5M has been supplied to Moonwell on Ethereum in just a few weeks since launch. @LukeYoungblood asks the community which markets should come next, including @LidoFinance staked ETH. He also shares thoughts on where Moonwell could expand next ↓
Borrowing just got more rewarding ✨ Borrow USDC, USDT, ETH, or cbBTC to earn WELL. Now live across all markets on Ethereum.
A new proposal went live to add WELL incentives to the ETH, cbBTC, USDC, and USDT Core Markets on @Ethereum.
MIP-X59 has been submitted for onchain voting. This proposal seeks to rebalance liquidity incentives on @ethereum and @Base. 🗳️ Vote: moonwell.fi/governance/pro…
Moonbeam Network Sunset Deadline Approaches: One Week Remaining for WELL Token Transfers
The Moonbeam network on Polkadot will shut down on **July 31, 2026** - just one week away. WELL token holders must act immediately to avoid losing access to their assets. **Key Actions Required:** - Transfer all WELL tokens from Moonbeam to Base, Optimism, or Ethereum before July 31 - Transfers are 1:1 and complete in minutes at [moonwell.fi/transfer](http://moonwell.fi/transfer) - Over 25M WELL remains staked on Moonbeam - the 7-day cooldown has been removed for immediate redemption **Critical Details:** - Assets remaining on Moonbeam after July 31 may become permanently inaccessible - This affects only Moonbeam deployments - Base, Ethereum, and Optimism markets remain unaffected - Users should also withdraw any supplied assets and close positions before the deadline The network shutdown was decided independently by the Moonbeam team. Support available at [support.moonwell.fi](http://support.moonwell.fi).
Major Exchanges Support WELL Token Migration to Base
**Multiple exchanges backing WELL's network move** HTX has joined several major exchanges in supporting WELL token migration from Moonbeam Network to Base. The exchange will handle the token swap process for users holding WELL. **Who's involved:** - HTX (latest to announce) - CoinEx - Gate - KuCoin All exchanges are coordinating the migration through their respective token swap processes. Users should check individual exchange announcements for specific timing and requirements. [HTX announcement](https://www.htx.com/support/45038320763647/) This coordinated support from multiple platforms simplifies the migration process for WELL holders across different exchanges.
Moonwell Launches $250K Bug Bounty Program with Sherlock
Moonwell has partnered with Sherlock to launch a bug bounty program offering rewards up to $250,000 for security researchers who responsibly disclose vulnerabilities in the protocol. **Key Details:** - Maximum reward: $250,000 - Partnership with [@sherlockdefi](https://twitter.com/sherlockdefi) - Focus on responsible disclosure - Aims to strengthen protocol security The program invites security researchers to help identify and report potential vulnerabilities, reinforcing Moonwell's commitment to maintaining a secure DeFi platform. Security researchers interested in participating can review the program details and begin their assessments.
Moonwell Launches Borrower Rewards Program on Ethereum
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.