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 Launches USDC Vault with Multiple Reward Streams on OP Mainnet
Moonwell has expanded its USDC Vault offering to Optimism Mainnet, following its successful launch on Base. The vault offers multiple revenue streams: - WELL token rewards - OP token rewards - Borrower fees from Morpho Isolated Markets This expansion is part of MorphoLabs' integration with Optimism, supported by an @OptimismGov grant to enhance Superchain adoption. Users can now deposit USDC to earn multiple yield streams through the integrated Moonwell application. [Explore the vault](https://moonwell.fi/vaults/deposit/base/mwusdc)
Moonwell Launches Virtual Accounts and Card for Global Financial Access
Moonwell introduces Virtual Accounts and Moonwell Card, enabling digital nomads and individuals in emerging markets to participate in the global economy. Key features: - FDIC-insured U.S. checking accounts available worldwide - Ability to receive and save in USDC - Real-world spending capabilities via Moonwell Card - Focused on serving remote workers and underbanked populations The service particularly benefits workers in regions with limited access to traditional banking services, such as Nigeria, by providing a bridge to the global financial system through stablecoin 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)
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.