🌙Tokens

Moonwell is an open lending and borrowing app built on Base, OP Mainnet, Moonbeam, and Moonriver, bringing the world onchain with easy-to-use financial tools. Moonwell's intuitive design ensures a seamless experience, enabling everyone to do more with their digital assets.

At the heart of the Moonwell ecosystem are two governance tokens: WELL and MFAM. These tokens play crucial roles in governance, staking, and overall protocol functionality.

WELL

Token Addresses

Network	Contract Address
Base	0xA88594D404727625A9437C3f886C7643872296AE
OP Mainnet	0xA88594D404727625A9437C3f886C7643872296AE
Moonbeam	0x511aB53F793683763E5a8829738301368a2411E3
Wormhole WELL (Base, deprecated)	0xFF8adeC2221f9f4D8dfbAFa6B9a297d17603493D

Base

• There are two variants of the WELL token on Base:

  • WELL: This variant is based on the xERC20 token standard, enabling multichain functionality, unified governance across bespoke networks, and enhanced interoperability.

  • Wormhole WELL: This variant has been deprecated.

    • Folllow these instructions to migrate: How to Migrate

Token Distribution

• For detailed information on the WELL token distribution, please refer to the WELL Transparency Report.

Key Functions

Governance

WELL token holders can participate in Moonwell Governance on Base, Optimism, and Moonbeam.

This includes:

• Submitting and voting on onchain "Moonwell Improvement Proposals"

  • Token holders can choose to delegate their voting power to someone else, allowing that person to vote on their behalf

• Participating in Snapshot Voting within Moonwell Governance

Staking

WELL token holders can stake their tokens in the Moonwell Safety Module on Base, Optimism, or Moonbeam. The Safety Module enhances protocol security, rewarding stakers for contributing to the protocol's stability.

Exchanges and Liquidity Pools

The WELL token is available on the following exchanges and can be used in the listed liquidity pools.

Network	Exchange	Liquidity Pair
Base	Aerodrome	WELL/WETH
OP Mainnet	Velodrome	WELL/WETH
Moonbeam	StellaSwap	WELL/GLMR
	Coinbase
	Kucoin
	Gate.io
	HTX

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MFAM

Token Address

Network	Contract Address
Moonriver	0xBb8d88bcD9749636BC4D2bE22aaC4Bb3B01A58F1

Token Distribution

• For detailed information on the MFAM token distribution, please refer to the MFAM Transparency Report.

Key Functions

Governance

MFAM token holders can participate in Moonwell Governance on Moonriver.

This includes:

• Submitting and voting on onchain "Moonwell Improvement Proposals"

  • Token holders can choose to delegate their voting power to someone else, allowing that person to vote on their behalf

• Participating in Snapshot Voting within Moonwell Governance

Staking

MFAM token holders can stake their tokens in the Moonwell Safety Module on Moonriver. The Safety Module enhances protocol security, rewarding stakers for contributing to the protocol's stability.

Exchanges and Liquidity Pools

The MFAM token is available on the following exchanges and can be used in the listed liquidity pools.

Network	Exchange	Liquidity Pair
Moonriver	Solarbeam	MFAM/MOVR