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Moonwell Apollo

Lending

Moonwell Apollo is the first money market deployment on Kusama's Moonriver network, the sister parachain to Polkadot's Moonbeam.

Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Moonwell Apollo?
Information
Exploit/Hacks
None
Info
  • Website
  • Token: MFAM
  • Tags: Lending
Key Metrics
  • TVL: $1.3M (Rank #255)
  • TVL Ranking by Lending: #46
  • Blockchain: Moonriver
  • Chain TVL
    • Moonriver: $1.3M
Risk Assessment
Average
Protocol Code Quality
  • Code reviewed by at least one experienced auditor
  • Public team promotes accountability
  • No documented protocol hacks since launch
Protocol Maturity
  • Core protocol launched in 2022; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 20% by total value locked slightly 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
  • Basic mechanisms in place to incentivize liquidations
  • Solid methods to accrue protocol reserves
Things to know about Moonwell Apollo
Moonwell Apollo Pools
Moonwell Apollo MOVR Lending
MOVR
4.5%
Yield
$743K
TVL
Risk
B
Protocol
Moonwell Apollo
Chain
Moonriver
Details