🌙Tokens
Last updated
Last updated
Moonwell is an open lending and borrowing app built on Base, Optimism, 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.
Wormhole WELL (Base, deprecated)
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
For detailed information on the WELL token distribution, please refer to the WELL Transparency Report.
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
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.
The WELL token is available on the following exchanges and can be used in the listed liquidity pools.
For detailed information on the MFAM token distribution, please refer to the MFAM Transparency Report.
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
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.
The MFAM token is available on the following exchanges and can be used in the listed liquidity pools.
