Moonwell
Lending
Moonwell is an open and decentralized lending and borrowing protocol built on Base, Moonbeam, and Moonriver.
Risk Rating
Good
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
Information
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: WELL
- Tags: Lending
Key Metrics
- TVL: $105.9M (Rank #72)
- TVL Ranking by Lending: #18
- Blockchain: Base, Moonbeam
- Chain TVL
- Base: $78.14M
- Moonbeam: $27.72M
Risk Assessment
Good
Protocol Code Quality
- Code reviewed by several experienced auditors; Halborn and code4rena
- Public team promotes accountability
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2022; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Top 10% by total value locked reduces risk
- Requires members of a DAO to vote on-chain for approving contract upgrades
- Timelock is less than 48hrs, which provides users with less time to exit if any malicious upgrades are approved
- Low voting power concentration reduces risk
Protocol Design
- No death spiral concerns
- Robust controls to mitigate oracle price manipulation
- Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
- Solid controls in place to prevent risky borrowing
- Robust mechanisms in place to ensure healthy liquidations
- Robust methods to accrue protocol reserves
Things to know about Moonwell
Moonwell Pools
