Moonwell
Moonwell is an open and decentralized lending and borrowing protocol built on Base, Moonbeam, and Moonriver.
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- Documentation
- Auditors
- Please see our FAQ on experienced auditors
- Website
- Token: WELL
- Tags: Lending
- TVL: $213.5M (Rank #66)
- TVL Ranking by Lending: #16
- Blockchain: Base, Optimism, Moonbeam
- Chain TVL
- Base: $186.56M
- Optimism: $22.53M
- Moonbeam: $4.41M
- Code reviewed by several experienced auditors; Halborn and code4rena
- Public team promotes accountability
- No documented protocol hacks since launch
- 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
- 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
What is Moonwell
Moonwell is an open and decentralized lending and borrowing protocol built on Base, Optimism, Moonbeam, and Moonriver. It is designed to provide a streamlined user experience, enabling users to lend, borrow, and claim rewards with ease while retaining complete control over their digital assets. The protocol utilizes a non-custodial architecture, ensuring users maintain authority over their assets while benefiting from robust security measures and transparent operations.
How Moonwell makes money
Moonwell generates revenue through interest fees charged on loans and from liquidation processes. Specifically, the protocol charges borrowers an interest rate for loans, a portion of which is allocated as fees. Additionally, during liquidation events, Moonwell earns fees from the liquidation incentives provided to liquidators.
How you make money on Moonwell
Users can earn money on Moonwell by lending their digital assets to the protocol, which are then utilized by borrowers. As a lender, users receive a portion of the interest paid by borrowers, generating a passive income stream. Additionally, users can participate in governance and staking mechanisms, which may offer additional rewards and incentives. By providing liquidity to Moonwell’s lending pools, users can maximize their returns with minimal effort while maintaining full control over their assets.
