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 Upgrades Oracle Extracted Value Mechanism to Boost Protocol Revenue
Moonwell has deployed an improved version of its Oracle Extracted Value (OEV) mechanism, more than a year after becoming the first lending protocol to implement this technology. **Key developments:** - New OEV contracts are now operational on Base and OP Mainnet - The upgraded system is designed to significantly increase protocol revenue - OEV allows Moonwell to capture value that was previously lost during liquidation events - Additional revenue flows back to WELL token stakers monthly The mechanism enhances capital efficiency by redirecting value that would otherwise be extracted by third parties during oracle price updates and liquidations. This represents a technical advancement in how DeFi protocols can optimize their economic models. For technical details, see the explanation from Luke Youngblood.
Moonwell Launches First Morpho V2 Vault Migration
Moonwell has launched its **Ecosystem USDC V2 Vault**, marking the first transition to the Morpho V2 standard on Base. **Key Updates:** - V2 vaults offer greater flexibility and enhanced capabilities compared to V1 - Deposits remain possible in V1 vaults, but liquidity is expected to migrate to V2 - All remaining Moonwell vaults will transition from V1 to V2 in coming weeks - The vault is now listed in the Morpho app and integrated with Jumper Exchange The upgrade builds on Morpho's existing infrastructure while providing users with improved functionality for their USDC deposits on Base.
Moonwell Closes USDC Vault on Optimism, Shifts Focus to High-Demand Markets
Moonwell has deprecated its Flagship USDC Vault and associated Morpho Isolated Markets on OP Mainnet, redirecting resources toward more productive opportunities. **Key Changes:** - New deposits are no longer accepted - Existing deposits remain fully accessible for withdrawal - No additional changes planned for this vault **Action Required:** - Withdraw remaining funds via [Moonwell](http://moonwell.fi) or Morpho app - Review positions to confirm balances post-withdrawal **Unaffected Services:** - All Moonwell Core Markets on OP Mainnet remain fully operational This follows Moonwell's recent Moonriver deprecation, which was prompted by Chainlink's oracle feed sunset. The protocol reduced collateral factors to 0% across all Moonriver markets to prevent bad debt accumulation. For withdrawal assistance, visit [Moonwell Discord](https://discord.com/invite/moonwellfi).
Moonwell Contributor Luke Youngblood Featured in Bloomingbit
Luke Youngblood, a contributor to the Moonwell protocol, has been featured in coverage by Bloomingbit. This follows previous media attention from Money, highlighting growing interest in Moonwell's work in the DeFi space. **Key Points:** - Moonwell contributor gaining media visibility - Featured across multiple financial media outlets - Reflects broader attention on the protocol's development The coverage comes as Moonwell continues its focus on building secure lending infrastructure in decentralized finance.
Crypto-Backed Loans Surge 32.72% in 2025
**Active crypto-backed loans grew 32.72% throughout 2025**, with the majority secured by Ethereum or Bitcoin collateral. This growth reflects increasing adoption of decentralized lending protocols as users leverage their crypto holdings for liquidity without selling their assets. - Primary collateral types: Ethereum and Bitcoin - Year-over-year growth: 32.72% - Trend indicates growing confidence in crypto-backed lending infrastructure