Moonwell Introduces Native WELL Token Rewards on Base
Moonwell Introduces Native WELL Token Rewards on Base
🌖 Moonwell Shakes Up Rewards
Moonwell has announced that suppliers on the Base platform will now receive native WELL tokens as rewards instead of the previously issued Wormhole WELL tokens. While Wormhole WELL tokens can still be held and transferred on Base, they are not eligible for voting or staking. Users holding Wormhole WELL tokens can upgrade their tokens using the in-app migration wizard provided by Moonwell. The announcement emphasizes Moonwell's commitment to security, with all smart contracts undergoing comprehensive audits and a bug bounty program in place to reward the discovery of vulnerabilities.
🌜🔵🌛 Until now, suppliers on @Base have received @Wormhole WELL tokens as rewards. This is changing today! Moonwell's emissions admin for Base, @warden_finance, has updated reward streams to enable suppliers to begin earning native WELL.
🌜🔵🌛 Native WELL is now live, empowering the Moonwell community to vote and stake directly on @Base! Discover what this means for Moonwell and how to upgrade your existing WELL tokens to the new @Base native version ⬇️🧵 mirror.xyz/moonwell.eth/5…
Moonwell Featured in Times Square for Builders Day
Moonwell achieved a significant milestone with a feature on Times Square's iconic billboards during Builders Day. The event celebrates innovators in the onchain economy. Moonwell joins other notable builders in showcasing their vision for accessible onchain finance. The platform aims to simplify digital finance and expand access to the global onchain economy. - Featured on Times Square billboard - Celebrated alongside other onchain innovators - Focus on accessible financial solutions - Working toward inclusive digital economy
Moonwell Launches Send Earn: A New USDC Yield Product on Base
Moonwell has launched Send Earn, a new yield-generating product built on Base network. The service leverages Moonwell's Flagship USDC Vault to offer: - Instant access to USDC yields - Zero lockup periods - No transaction fees - Immediate withdrawals The platform integrates with Moonwell Virtual Accounts, allowing users to receive payments from US-based entities and automatically earn rewards through Coinbase Wallet or direct deposits into the USDC vault. *Key Features*: - Seamless integration with existing Moonwell infrastructure - Compatible with Coinbase Wallet - Automated yield generation - US payment support
Moonwell Reports 20% Growth in Active Loans, Launches Analytics Dashboard
Moonwell has experienced significant growth with a 20% increase in active loans. The protocol has launched a custom analytics dashboard on Token Terminal to help users track key performance metrics. Key Features of the Dashboard: - Total deposits monitoring - Active loans tracking - Fee analysis - Revenue insights The dashboard is accessible through: - Top navigation bar in Moonwell app - Direct link: [Token Terminal Dashboard](https://tokenterminal.com/explorer/studio/dashboards/e713fb3f-c10b-45ed-93d4-4e48779dd849) This development follows recent protocol improvements including Core Markets expansion, Vault launches, and Moonwell Card integration.
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)