moonwell

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.

Circle, the company behind the USDC stablecoin, has announced a new feature called 'USDC Anywhere' powered by its Cross-Chain Transfer Protocol (CCTP). This feature aims to redefine how users interact with the on-chain economy by enabling seamless and secure value transfers across top blockchain networks. Moonwell, a decentralized finance platform, has expressed excitement about being part of this ecosystem and looks forward to furthering its growth and development. Moonwell prioritizes security, with all its smart contracts undergoing comprehensive audits from Halborn Security, and its ImmuneFI-powered bug bounty program rewards the discovery of vulnerabilities.

Moonwell, a decentralized finance (DeFi) platform, has announced that its Total Value Locked (TVL) has reached $90 million. The platform aims to simplify DeFi and promote financial inclusion globally. Moonwell emphasizes security, with all its smart contracts undergoing comprehensive audits from Halborn Security, and its bug bounty program powered by ImmuneFI rewards the discovery of vulnerabilities.

Moonwell, a decentralized finance platform, has announced new rewards for users supplying the USDC stablecoin on its platform. In collaboration with Gauntlet, 50,000 USDC has been made available as incentives to promote the adoption of USDC on the Base blockchain. Moonwell prioritizes security, with all its smart contracts undergoing comprehensive audits from Halborn Security, and a bug bounty program in place to reward the discovery of vulnerabilities.

Moonwell DeFi, a decentralized finance project, has announced that it has become the largest project utilizing Coinbase Wallet's in-app subscription feature. The project has garnered 3,274 unique Coinbase Wallet users who have opted to receive notifications about new features and events. Moonwell emphasizes security, subjecting its smart contracts to comprehensive audits from Halborn Security and offering a bug bounty program powered by ImmuneFI to incentivize the discovery of vulnerabilities.

Moonwell DeFi, a decentralized finance platform built on the Base blockchain, has reported an all-time high in active user count. The platform has also experienced its highest activity levels in recent days, indicating growing adoption and interest. Moonwell prioritizes security through comprehensive smart contract audits and a bug bounty program to identify vulnerabilities.