MFAM Transparency Report

MFAM is the native governance token of the Moonwell Apollo protocol, empowering community members to actively shape the protocol's future. By delegating MFAM to an ERC-20 wallet address, community members have the ability to vote on and submit both Snapshot and onchain proposals, otherwise known as Moonwell Improvement Proposals. This report provides comprehensive information about the MFAM token and its initial distribution.

Token Overview

• Name: MFAM

• Total Supply: 1,000,000,000

• Decimals: 18

• Token Contract (Moonriver): 0xbb8d88bcd9749636bc4d2be22aac4bb3b01a58f1

Token Utility

1. Governance Participation: MFAM holders can vote on and submit both Snapshot and onchain Moonwell Improvement Proposals or choose to delegate their voting power to another DAO member who may vote on their behalf.

2. Staking Rewards: MFAM can be staked in the Moonwell Safety Module to self delegate voting power and receive additional rewards for helping to backstop the protocol.

3. Protocol Safeguard: The Safety Module acts as a safeguard for the Moonwell Apollo protocol in the event of a shortfall event.

Initial Distribution

• Liquidity Incentives

  • Address: 0x45dd368e30c07804b037260071d332e547c874f0

• Long-Term Protocol & Ecosystem Development

  • Address: 0x5d6C4DCb86b8A761C062a5274a77AaD5F7209AA3

• Application Development

  • Address: 0xceA318618B4b956a84E5feBC1Cae1F4c33A01F8B

• Contributors

  • Address: 0x8568a675384d761f36ec269d695d6ce4423cfab1

Category	Allocation	Amount (MFAM)	Vesting Schedule	Vesting Status
Liquidity Incentives	50.00%	500,000,000	N/A	N/A
Long-Term Protocol & Ecosystem Development	20.00%	200,000,000	N/A	N/A
Application Development	20.00%	200,000,000	N/A	N/A
Contributors	10.00%	100,000,000	1 year lock, 1 year monthly vest	Complete

Note: This report is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.