Moonwell Reaches $150M in Total Value Locked on Base
Moonwell Reaches $150M in Total Value Locked on Base
🚀 New Milestone Reached!
Moonwell, a decentralized application (dapp) on the Base blockchain, has achieved a significant milestone by reaching $150 million in Total Value Locked (TVL). This accomplishment comes after Moonwell became one of the top dapps on Coinbase Wallet, alongside Aerodrome Finance. The reduced transaction fees on Base following the Dencun upgrade have contributed to a surge in new users and increased on-chain activity for Moonwell. The project prioritizes security, with all smart contracts undergoing comprehensive audits from Halborn Security and a bug bounty program powered by ImmuneFI.
Thanks to the reduced transaction fees on @Base following last month's Dencun upgrade, Moonwell has seen a surge in new users and is now witnessing more onchain activity than ever before. We're thrilled to see more of you join our community! 🌜❤️🌛
Over 76K unique users and the highest user activity this week @MoonwellDeFi is $well on @base
Moonwell has reached a new milestone — $150M in Total Value Locked on @Base! 🔵 Whether you've been with us since the beginning or recently joined our community, thank you for the support! 🌜💙🌛
Moonwell is now one of the top dapps in @CoinbaseWallet, right alongside our friends @Aerodromefi ✈️ There has never been a better time to get started on @Base 🌜🔵🌛
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)