# Tokens

<figure><img src="https://38185780-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4535Mbmb8O8Y5q8Xz3cK%2Fuploads%2Fkc71ZBwt5LAdJbxbmkvk%2FTokens.jpg?alt=media&#x26;token=81043bf0-9bb2-4633-9c7c-90fc4402d6e7" alt=""><figcaption></figcaption></figure>

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.&#x20;

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.&#x20;

## WELL

### Token Addresses

<table><thead><tr><th width="199">Network</th><th>Contract Address</th></tr></thead><tbody><tr><td>Base</td><td><a href="https://basescan.org/token/0xa88594d404727625a9437c3f886c7643872296ae">0xA88594D404727625A9437C3f886C7643872296AE</a></td></tr><tr><td>OP Mainnet</td><td><a href="https://optimistic.etherscan.io/token/0xA88594D404727625A9437C3f886C7643872296AE">0xA88594D404727625A9437C3f886C7643872296AE</a></td></tr><tr><td>Moonbeam</td><td><a href="https://moonscan.io/token/0x511ab53f793683763e5a8829738301368a2411e3">0x511aB53F793683763E5a8829738301368a2411E3</a></td></tr><tr><td>Wormhole WELL (Base, deprecated)</td><td><a href="https://basescan.org/token/0xff8adec2221f9f4d8dfbafa6b9a297d17603493d">0xFF8adeC2221f9f4D8dfbAFa6B9a297d17603493D</a></td></tr></tbody></table>

{% 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), enabling multichain functionality, unified governance across bespoke networks, and enhanced interoperability.&#x20;
  * **Wormhole WELL**: This variant has been deprecated.
    * Folllow these instructions to migrate: [How to Migrate](https://docs.moonwell.fi/moonwell/moonwell-overview/tokens/well-migration-base)
      {% endhint %}

### Token Distribution

* For detailed information on the WELL token distribution, please refer to the [WELL Transparency Report](https://docs.moonwell.fi/moonwell/moonwell-overview/tokens/well-transparency-report).

### Key Functions

#### Governance

WELL token holders can participate in Moonwell Governance on Base, Optimism, and Moonbeam.&#x20;

This includes:

* Submitting and voting on onchain "[Moonwell Improvement Proposals](https://docs.moonwell.fi/moonwell/governance/moonwell-governance/proposals#onchain-voting-mip)"
  * Token holders can choose to [delegate](https://docs.moonwell.fi/moonwell/governance/moonwell-governance/delegate) their voting power to someone else, allowing that person to vote on their behalf
* Participating in [Snapshot Voting](https://docs.moonwell.fi/moonwell/governance/moonwell-governance/proposals#snapshot-voting) within Moonwell Governance

#### Staking

WELL token holders can stake their tokens in the [Moonwell Safety Module](https://docs.moonwell.fi/moonwell/moonwell-overview/stake) 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/)                                                                         |                                                                                                                                                                                                                  |

***

## &#x20;MFAM

### Token Address

<table><thead><tr><th width="259">Network</th><th>Contract Address</th></tr></thead><tbody><tr><td>Moonriver</td><td><a href="https://moonriver.moonscan.io/token/0xBb8d88bcD9749636BC4D2bE22aaC4Bb3B01A58F1">0xBb8d88bcD9749636BC4D2bE22aaC4Bb3B01A58F1</a></td></tr></tbody></table>

### Token Distribution

* For detailed information on the MFAM token distribution, please refer to the [MFAM Transparency Report](https://docs.moonwell.fi/moonwell/moonwell-overview/tokens/mfam-transparency-report).

### Key Functions

#### Governance

MFAM token holders can participate in Moonwell Governance on Moonriver.&#x20;

This includes:

* Submitting and voting on onchain "[Moonwell Improvement Proposals](https://docs.moonwell.fi/moonwell/governance/moonwell-governance/proposals#onchain-voting-mip)"
  * Token holders can choose to [delegate](https://docs.moonwell.fi/moonwell/governance/moonwell-governance/delegate) their voting power to someone else, allowing that person to vote on their behalf
* Participating in [Snapshot Voting](https://docs.moonwell.fi/moonwell/governance/moonwell-governance/proposals#snapshot-voting) within Moonwell Governance

#### Staking

MFAM token holders can stake their tokens in the [Moonwell Safety Module](https://docs.moonwell.fi/moonwell/moonwell-overview/stake) 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) |