Moonwell Expands with Virtuals Protocol Integration and Circle Alliance
Moonwell Expands with Virtuals Protocol Integration and Circle Alliance
๐ค AI Meets DeFi
Moonwell announces significant developments in onchain AI and financial accessibility:
- Over 1.34M VIRTUAL tokens now supplied to Moonwell on Base network
- VIRTUAL serves as governance token for Virtuals Protocol
- Platform enables lending/borrowing to support autonomous agents
- Joined Circle Alliance Program to enhance global financial access
- Launched Virtual U.S. checking accounts with no residency requirements
Key Features:
- Integrated VIRTUAL Core Market on Base
- Virtual U.S. checking accounts available globally
- Seamless lending and borrowing of VIRTUAL tokens
๐๐ค๐ Onchain AI is here, and much of it is powered by @virtuals_io. Over 1.34M VIRTUAL, the governance and utility token of the Virtuals Protocol, has been supplied to Moonwell on @Base. Lend or borrow VIRTUAL to fuel the next wave of autonomous agents.
๐๐๐ Moonwell is part of the @Circle Alliance Program! With products like Moonwell Virtual Accounts, we're helping to grow Circleโs global ecosystem โ making onchain finance more accessible for everyone.
Proud to be building alongside Peter and the entire team at @Circle - it's still day 1. @MoonwellDeFi (and by extension @Mamo_agent) are proud to be a part of the Circle Alliance since 2024, and we've built some incredible products on USDC and EURC. ๐๏ผ๐
Moonwell Achieves 1 Billion WELL Tokens Staked
Moonwell has reached a significant milestone with 1 billion WELL tokens now staked across its protocol. This achievement demonstrates growing community trust and commitment to the platform's long-term vision. Key benefits of WELL staking: - Enhanced protocol security - Participation in governance decisions - Increased rewards through Reserve Auctions Users can stake WELL tokens on three networks: - Base - Optimism Mainnet - Moonbeam Network Visit [moonwell.fi/stake](http://moonwell.fi/stake) to participate in staking.
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.