moonwell

Moonwell has announced the establishment of the Moonwell Foundation, a new entity focused on promoting the continued growth, development, and long-term sustainability of the Moonwell Ecosystem. The Foundation aims to foster the expansion and evolution of the Moonwell platform, which prioritizes security through comprehensive audits and bug bounty programs.

Moonwell has announced that its localization team has translated all posts on the platform into several languages, including Portuguese, Spanish, Chinese, German, Ukrainian, Russian, and Thai. This move aims to make the platform more accessible, inclusive, and connected for users worldwide.

Circle's USDC stablecoin is experiencing significant inflow into the Base ecosystem. Base's USDC Anywhere feature allows users to lend and borrow USDC on the Moonwell platform, facilitating cross-chain liquidity from the Ethereum ecosystem within minutes. This development highlights the growing adoption of USDC and the Base ecosystem's role as a central liquidity hub.

Moonwell has revealed that the Moonwell veAERO Relay on Aerodrome is the largest of any protocol. The Relay establishes a protocol-owned liquidity flywheel, directing AERO emissions to the WELL/ETH liquidity pool weekly. Following the launch of native WELL on Base, a new WELL/ETH liquidity pool was created on Aerodrome. Moonwell is encouraging veAERO holders to vote for this new pool to support the community. The platform prioritizes security, with comprehensive audits and a bug bounty program.

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.

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.

Moonwell has successfully executed MIP-B16, enabling staking rewards for the Base Safety Module. This allows users to stake their WELL tokens and participate in governance on the Base network. Previously, Moonwell activated its new multichain governor and introduced a native WELL token, facilitating cross-chain governance and staking. Users can now easily migrate their existing WELL tokens to the new native token and stake them to earn rewards while shaping Moonwell's future through voting. Additionally, a new WETH/WELL liquidity pool has been created on Aerodrome, with incentives transitioning from the existing pool.

Moonwell DeFi, a lending platform on the Base network, has experienced significant growth in recent weeks. According to statistics shared by Gauntlet, Moonwell's active wallets have increased from 7,300 to 18,700 since January. The platform's total value locked (TVL) has risen from under $40 million to over $108 million during the same period. Fees paid to lenders on Moonwell now stand at $2.3 million per year, excluding rewards, while the protocol's revenue is at $485,000 per year. These figures highlight Moonwell's rapid adoption and the growing interest in decentralized finance (DeFi) on the Base network.

Moonwell DeFi, a prominent decentralized finance platform, has shared projections indicating a rapid increase in its Total Value Locked (TVL). According to the projections, Moonwell expects to reach $1 billion TVL within 203 days, $2 billion TVL within 23 days, and $3 billion TVL within just 5 days. The platform aims to become the center of the global on-chain economy, emphasizing its commitment to security through comprehensive smart contract audits from Halborn Security and an ImmuneFI-powered bug bounty program.

Moonwell, a cryptocurrency platform focused on security, has announced reaching a significant milestone of $100 million in Total Value Locked (TVL) on its Base protocol. The platform attributes this achievement to the continued support of its community. Moonwell emphasizes robust security measures, including comprehensive smart contract audits by Halborn Security and an ImmuneFI-powered bug bounty program to incentivize vulnerability discovery.