# 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](#well) and [MFAM](#mfam). These tokens play crucial roles in governance, staking, and overall protocol functionality. ## WELL ### Token Addresses
NetworkContract Address
Base0xA88594D404727625A9437C3f886C7643872296AE
OP Mainnet0xA88594D404727625A9437C3f886C7643872296AE
Moonbeam0x511aB53F793683763E5a8829738301368a2411E3
Wormhole WELL (Base, deprecated)0xFF8adeC2221f9f4D8dfbAFa6B9a297d17603493D
{% hint style="info" %} **Base** * There are two variants of the WELL token on Base: * **WELL**: This variant is based on the [xERC20 token standard](https://www.connext.network/xerc20#:~:text=xERC20%20Token%20Standard,seen%20today%20with%20bridged%20ERC20s.), 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](/moonwell/moonwell-overview/tokens/well-migration-base.md) {% endhint %} ### Token Distribution * For detailed information on the WELL token distribution, please refer to the [WELL Transparency Report](/moonwell/moonwell-overview/tokens/well-transparency-report.md). ### 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](/moonwell/governance/moonwell-governance/proposals.md#onchain-voting-mip)" * Token holders can choose to [delegate](/moonwell/governance/moonwell-governance/delegate.md) their voting power to someone else, allowing that person to vote on their behalf * Participating in [Snapshot Voting](/moonwell/governance/moonwell-governance/proposals.md#snapshot-voting) within Moonwell Governance #### Staking WELL token holders can stake their tokens in the [Moonwell Safety Module](/moonwell/moonwell-overview/stake.md) 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](https://aerodrome.finance/swap?from=eth\&to=0xa88594d404727625a9437c3f886c7643872296ae) | [WELL/WETH](https://aerodrome.finance/deposit?token0=0x4200000000000000000000000000000000000006\&token1=0xA88594D404727625A9437C3f886C7643872296AE\&type=-1) | | OP Mainnet | [Velodrome](https://velodrome.finance/) | [WELL/WETH](https://velodrome.finance/deposit?token0=0x4200000000000000000000000000000000000006\&token1=0xA88594D404727625A9437C3f886C7643872296AE\&type=-1\&factory=0xF1046053aa5682b4F9a81b5481394DA16BE5FF5a) | | Moonbeam | [StellaSwap](https://stellaswap.com/) | [WELL/GLMR](https://app.stellaswap.com/exchange/add/0x511ab53f793683763e5a8829738301368a2411e3/ETH) | | | [Coinbase](https://coinbase.com/) | | | | [Kucoin](https://www.kucoin.com/) | | | | [Gate.io](https://www.gate.io/) | | | | [HTX](https://www.htx.com/) | | *** ## MFAM ### Token Address
NetworkContract Address
Moonriver0xBb8d88bcD9749636BC4D2bE22aaC4Bb3B01A58F1
### Token Distribution * For detailed information on the MFAM token distribution, please refer to the [MFAM Transparency Report](/moonwell/moonwell-overview/tokens/mfam-transparency-report.md). ### Key Functions #### Governance MFAM token holders can participate in Moonwell Governance on Moonriver. This includes: * Submitting and voting on onchain "[Moonwell Improvement Proposals](/moonwell/governance/moonwell-governance/proposals.md#onchain-voting-mip)" * Token holders can choose to [delegate](/moonwell/governance/moonwell-governance/delegate.md) their voting power to someone else, allowing that person to vote on their behalf * Participating in [Snapshot Voting](/moonwell/governance/moonwell-governance/proposals.md#snapshot-voting) within Moonwell Governance #### Staking MFAM token holders can stake their tokens in the [Moonwell Safety Module](/moonwell/moonwell-overview/stake.md) 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](https://app.solarbeam.io/exchange/swap) | [MFAM/MOVR](https://app.solarbeam.io/farm) | --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.moonwell.fi/moonwell/moonwell-overview/tokens.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.