"Stablecoins are moving toward becoming default settlement layers. DeFi is embedding itself into broader financial workflows."

The future of finance is being built onchain and Moonwell is helping lead the way.

@LukeYoungblood featured in @khaleejtimes:

MIP-X43 has been submitted for onchain voting.

This proposal seeks to activate Chainlink OEV Wrapper contracts across all remaining Moonwell non-composite oracle markets on @Base and @Optimism Mainnet.

🗳️ Vote: https://t.co/6F6Qikerfo

DeFi UX is broken.

Seed phrases, bridges, gas, price feeds, and agents that can get socially engineered. Most of it still isn’t built for the masses.

We hosted @LukeYoungblood, Co-founder of @MoonwellDeFi, to talk about passkeys, DeFi agents, oracle risk…

"What wallet do I use?" "How do I back it up?" "How do I get money in?"

@LukeYoungblood explains how Moonwell has solved all three. Passkey wallets, onramping with 40 fiat currencies, and seamless bridging to @Base for only a few cents.

Onchain finance…

We're investigating an issue with the cbETH Core Market on Base.

As a precaution, our risk manager @anthiasxyz has temporarily reduced the borrow cap for this market to 0.01.

We'll share updates as we learn more.

Update on yesterday’s cbETH Core Market issue:

No other markets on Base or OP Mainnet were affected. The issue is isolated to the cbETH Core Market on Base.

Once identified, our risk manager @anthiasxyz moved quickly to reduce the cbETH borrow cap to 0.01…

.@anthiasxyz has published the cbETH Core Market incident report on the governance forum.

Community members are invited to discuss next steps in the forum post, linked below.

A proposal has been submitted to revert the cbETH Core Market oracle on Base to the pricing model used prior to MIP-X43.

While the vote is underway, we're inviting the community to weigh in on remediation for affected users.

Head to the incident report…

A potential recovery plan for users affected by the cbETH Core Market incident on Base is now live on the governance forum. It also includes a path to onboard the Moonwell Apollo (MFAM) community into the Moonwell ecosystem (WELL).

The proposal outlines:…

The Moonwell Flagship USDC Vault on @Base is a key liquidity source for loans on @Coinbase.

The vault helps meet demand from those looking to do more with their assets directly in the Coinbase app.

MIP-X44 has been submitted for onchain voting.

This proposal seeks to rebalance liquidity incentives on @Base, @Optimism Mainnet, and @MoonbeamNetwork.

🗳️ Vote: https://t.co/iQKxnRDPA8

The voting period for MIP-B57 has ended.

✅ The proposal has passed and entered the 24-hour Vote Collection period.

🗳 Results: https://t.co/Zen1eJ2dmi

This month's Moonwell Governance Call is live Thursday at 17:00 UTC.

Set your reminders and submit questions before the call, links are below.

MIP-X44 has been resubmitted for onchain voting.

This proposal seeks to rebalance liquidity incentives on
@Base, @Optimism Mainnet, and @MoonbeamNetwork.

🗳️ Vote: https://t.co/bqSCmwSuha

With the successful passage and execution of MIP-B57, the cbETH Core Market on Base now uses its pre-MIP-X43 oracle configuration.

The supply cap has also increased to 4,000 cbETH.

For more details, read the full proposal or join the discussion in the governance…

Have questions you’d like answered on tomorrow’s Governance Call?

Drop them in the form below, and be sure to set your reminders too.

https://t.co/sb7k7ZwonR

Banks integrating with DeFi isn't a question of if anymore, it's when.

The passage of the GENIUS Act last year is a big deal for the future of onchain finance.

Moonwell has been building for this moment.

⏰ The Moonwell Governance Call starts in 1 hour.

Join us to hear the latest news and governance updates from @LukeYoungblood, @0xMims, and @anthiasxyz.

Moonwell is moving up the ranks, now the 11th most popular on @Base!
https://t.co/ttn3dG04au

Stocks. Gold. Bonds. They’re all coming onchain.

The $100T+ traditional finance market is tokenizing, but where does the lending layer fit?

Moonwell is building it. The future is onchain.