Moonwell

Moonwell is a non-custodial decentralized finance platform focused on lending and borrowing of onchain assets.

Users of the platform have the ability to lend their tokens, borrow against their balances, or deposit into their vault products.

WELL is the governance token of the Moonwell DAO which governs the Moonwell protocol.

WELL holders can stake their tokens to acquire governance rights and subsequently vote for onchain proposals. On-chain governance allows the DAO to govern specific aspects of the protocol, alter risk parameters, and perform actions like sending funds on-chain.

To see current proposals and governance discussions, check out the Moonwell governance hub.

WELL is available on Base, Optimism, Moonbeam, & Moonriver.

The Moonwell protocol is developed by a decentralized team under the guidance of the Moonwell Foundation. The Moonwell Foundation is a Cayman Islands entity established with the mission to:

• Enable the development of technical improvements to the Moonwell and Moonwell Apollo Protocols
• Foster community and ecosystem growth through strategic grants
• Organize educational initiatives and participate in events to increase awareness and promote the Moonwell Ecosystem
• Safeguard certain intangible assets that underlie the Moonwell Protocol and Moonwell Apollo Protocol

The WELL token has a total supply of 5,000,000,000.The initial distribution is allocated as:

• Ecosystem Development (49.63%): 2,481,465,671 WELL
• Early Purchasers (30.37%): 1,518,534,329 WELL
• Contributors (20.00%): 1,000,000,000 WELL

Matcha encourages every user to do their own research and due diligence before buying tokens or using applications onchain.

Moonwell has undergone multiple audits, documented security measures, and also offers bug bounties via ImmuneFi.