USDC Inflow into Base Ecosystem

**Multiple exchanges backing WELL's network move** HTX has joined several major exchanges in supporting WELL token migration from Moonbeam Network to Base. The exchange will handle the token swap process for users holding WELL. **Key details:** - HTX follows similar announcements from CoinEx, Gate, and KuCoin - All exchanges will migrate user-held WELL tokens automatically - Migration moves WELL from Moonbeam Network to Base network Users should review the [full announcement](https://www.htx.com/support/45038320763647/) for specific timing and migration details.

**Urgent Action Required for WELL Holders on Moonbeam** Moonwell users have less than two weeks to transfer their WELL tokens off the Moonbeam network before it shuts down on **July 31, 2026**. **Key Details:** - All transfers between networks maintain a 1:1 ratio - 26.2M WELL tokens remain staked on Moonbeam - The 7-day unstaking cooldown has been removed for immediate redemption - Transfer destination options: Base, Optimism Mainnet, or Ethereum **Transfer Process:** Visit [moonwell.fi/transfer](http://moonwell.fi/transfer) to move your tokens before the deadline. **Important Notes:** - Assets left on Moonbeam after July 31 may become permanently inaccessible - This shutdown only affects Moonbeam and Moonriver deployments - Moonwell operations on Base, Ethereum, and OP Mainnet remain unaffected For assistance, contact support at [support.moonwell.fi](http://support.moonwell.fi).

Moonwell has partnered with Sherlock to launch a new bug bounty program offering rewards up to $250,000 for security researchers who responsibly disclose vulnerabilities in the protocol. **Key Details:** - Maximum reward: $250,000 - Partnership with [@sherlockdefi](https://twitter.com/sherlockdefi) - Focus on responsible disclosure - Aims to strengthen protocol security The program invites security researchers to help identify and report potential vulnerabilities in the Moonwell codebase. This initiative builds on Moonwell's existing security measures, which include comprehensive audits and previous bug bounty programs. Security researchers interested in participating can review the Moonwell protocol and submit findings through the Sherlock platform.

Mamo has introduced a USDC Account that automatically allocates funds across Moonwell's Core Market and Flagship Vault on Base. **Key Features:** - Automated yield optimization without sacrificing user control - Full transparency into fund allocation and earnings - Builds on Mamo's existing ETH product that automatically shifts between Moonwell's ETH Flagship Vault and Core Market The service aims to maximize returns while maintaining visibility into where assets are deployed and their performance.

Moonwell has expanded its rewards program to include borrowers on Ethereum. Users can now earn WELL tokens by borrowing USDC, USDT, ETH, or cbBTC across all Ethereum markets. This follows the June launch of supply-side incentives, where lenders earned WELL rewards plus borrower interest. The platform now rewards both sides of the lending equation. **Key Details:** - Borrowing rewards live across all Ethereum markets - Supported assets: USDC, USDT, ETH, cbBTC - Complements existing supply rewards program The dual incentive structure aims to boost liquidity and participation on both lending and borrowing sides of the protocol.