Moonwell Announcements

GLMR Core Market Reserve Addition on Moonbeam https://x.com/MoonwellDeFi/status/2081908498171138233

If you have WELL on Moonbeam, it is time to transfer. https://twitter.com/MoonwellDeFi/status/2079973376429559948

New bug bounty program with Sherlock https://twitter.com/MoonwellDeFi/status/2077801606763130889

If you hold USDC.wh, ETH.wh, or WBTC.wh in Moonwell on Moonbeam, you can withdraw these assets and redeem on Ethereum Mainnet using Portal Bridge. https://x.com/MoonwellDeFi/status/2076758072614396341

An update on Moonwell Card. 🌜💳🌛 Cypher, the card provider powering Moonwell Card since December 2024, has been acquired by Nium and is winding down its card program. What this means for Moonwell Card: • Existing cards will remain usable until August 7, 2026 • New card funding is now disabled • Any remaining card balances must be withdrawn by September 6, 2026 Any positions opened through Moonwell Card’s Borrow & Load feature remain fully manageable in the Moonwell app. What’s next for Moonwell Card? We’re exploring new card partners so we can return with a new and improved experience. We’ll share more as this work progresses. Thank you to everyone who supported Moonwell Card and used it along the way. Your feedback helped shape what comes next. https://x.com/MoonwellDeFi/status/2075306906403721678

Proposal to sunset Moonwell on Moonbeam. MIP-M45 is now live for onchain voting, supporting the orderly wind-down of Moonwell’s Moonbeam deployment. If approved, the proposal will withdraw available protocol reserves from selected Moonbeam markets, and pause new supplying and borrowing across all live Moonbeam markets - GLMR, xcDOT, xcUSDT, xcUSDC, USDC.wh, FRAX, ETH.wh, and BTC.wh. Withdrawn reserves would be used toward repaying bad debt. This proposal does not affect any market on Base, OP Mainnet, or Ethereum. Existing users should continue preparing for the Moonbeam network shut down by closing positions and withdrawing funds before July 31. Vote on MIP-M45: https://moonwell.fi/governance/proposal/ethereum?id=177 https://x.com/MoonwellDeFi/status/2074972378069954916