moonwell

Moonwell has launched unified governance across Ethereum Mainnet and multiple Layer 2 networks. WELL token holders can now propose, vote, and execute governance decisions from Ethereum Mainnet, with voting power recognized across Base, Optimism Mainnet, and Moonbeam. This follows the execution of **MIP-X58**, which establishes Ethereum Mainnet as the primary governance hub while maintaining full connectivity with existing networks. The upgrade represents a significant architectural shift for the protocol. Key features: - Unified governance from Ethereum Mainnet - Cross-chain voting power recognition - Seamless WELL token bridging between networks - In-app bridging functionality coming soon The governance upgrade builds on **MIP-X55**, which enabled WELL token movement between Base, Optimism Mainnet, Moonbeam, and Ethereum. The community-driven proposal process began in early May 2026, with initial discussions about Ethereum Mainnet activation and market selection. This infrastructure upgrade positions Moonwell for long-term scalability across multiple blockchain networks.

Moonwell has integrated with Base MCP to enable AI agents to perform DeFi operations through natural language prompts. **Key Features:** - AI agents can read market data, supply assets, and borrow funds - Agents can generate Moonwell credit reports for any blockchain address - Full lending and borrowing capabilities accessible via conversational interface - Onchain reputation tracking through AI prompts The integration is available at [agents.moonwell.fi](http://agents.moonwell.fi) and represents a step toward making DeFi operations more accessible through AI-powered interfaces. Users can now instruct agents to handle complex DeFi tasks without manually navigating protocols.

Centrifuge's tokenized S&P 500 product, deSPXA, may become available as collateral on the Moonwell lending platform, pending governance approval. **Key Points:** - deSPXA provides onchain exposure to the S&P 500 through the J.H. Investors S&P 500 Index Fund - Integration would enable users to borrow against their tokenized index holdings - Opens possibilities for structured strategies using traditional market exposure in DeFi - Currently live on Base network - Requires community governance vote to proceed The proposal represents a step toward bridging traditional finance indices with decentralized lending protocols.

**Moonwell's USDC Vault now supports Ethereum-backed loans** directly in the Coinbase app, expanding beyond Bitcoin lending. **Key developments:** - Curators allocated liquidity to the cbETH/USDC market on Morpho - Higher borrowing activity drives increased utilization and revenue - Vault serves as primary liquidity source for ETH-backed loans **Access points:** - [Explore USDC Vault](https://moonwell.fi/vaults/deposit/base/mwusdc) - [Real-time tracking](https://morpho.blockanalitica.com/base/vaults/vaults?search=moonwell) This expansion follows Moonwell's successful Bitcoin lending integration and represents continued growth in institutional DeFi adoption.

**Moonwell** rolled out several key updates this week: - **New governance dashboard** created by @joel_obafemi to track reserve auctions and vote-to-claim staking rewards - **Mamo account upgrades** for USDC and Bitcoin functionality - **Bitcoin borrowing discussion** on Edge Podcast featuring @LukeYoungblood and @GrafaCrypto about using Moonwell Vaults on Base - **$CYPR airdrop rewards** for Moonwell Card users from Cypher - **DuneCon25 presence** with contributor @danimimm attending in Buenos Aires The governance improvements aim to **increase community participation** through enhanced tracking of reserve auctions and staking rewards.

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 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 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.

**Key Updates:** - Moonwell Flagship Vault depositors can now claim their earned rewards, including MORPHO tokens - Rewards are available for deposits made up until November 20 - Claims can be processed directly through the Moonwell app - Eligible vaults include ETH, USDC, and EURC on Base This follows the recent MORPHO token transferability activation, marking a significant milestone for vault participants. Depositors can access their rewards at moonwell.fi/vaults.

**Moonwell community calls for support on AerodromeFi and VelodromeFi** - veAERO and veVELO holders can vote to direct emissions to WELL/WETH liquidity pools - Voting aims to build deep liquidity for WELL token on Base and Optimism - Supports Moonwell's growth in the expanding onchain economy This initiative aligns with Moonwell's recent developments: - Launched WELL rewards across Core Markets on Base and Optimism - Introduced Flagship Vaults powered by Morpho Labs - Achieved high fee generation among lending apps on Base *Moonwell continues to innovate and contribute to the growth of the Optimism Superchain and Base ecosystem.*