The MIP-X21 proposal at @MoonwellDeFi created something fascinating in Q2. Staking rewards surged 127% on Base and 137% on Optimism, culminating in 1 Billion WELL staked on June 11th. But the real innovation lies in the mechanism design that made this possible. A thread 🧵

🗳️ New Moonwell Governance dashboard created by @joel_obafemi Reserve auctions and vote-to-claim staking rewards continues to increase governance participation.

@MoonwellGov @joel_obafemi Governance Dashboard by @joel_obafemi: https://t.co/oBE8sVZBwz

Every vote shapes the future of Moonwell. 🗳️ Since the introduction of reserve auctions and vote-to-claim staking rewards, governance participation has steadily increased. More engagement means a stronger, more community-driven protocol.

@joel_obafemi @MoonwellGov @Dune Thanks for building this out @joel_obafemi!

There are currently two active proposals: MIP-X33: Anthias Labs Monthly Recommendations and MIP-X32: Automated Liquidity Incentive Proposal. You can check out the dashboard by clicking on the link below. https://t.co/9Fo3bCN2Ia

Moonwell governance is multichain across Base, OP Mainnet, Moonbeam, and Moonriver. This dashboard brings the data into one place so the community gets the full picture. It tracks onchain and Snapshot proposals and offers custom delegate insight with a delegate address filter.

I had the privilege of building the @MoonwellGov Dashboard on Dune. This experience surfaced genuinely inventive ideas from the community, like the OEV capture proposal I’m currently exploring. Here’s a thread on what the dashboard entails.

🗳️ Weekly Governance Recap: - Discussion: New Moonwell Governance Dashboards (@joel_obafemi and Wheelhaus Labs) - Discussion: Monthly Risk Parameter Recommendations (@anthiasxyz) - Discussion: Weekly Market Updates (@anthiasxyz)

https://t.co/inRugwR1za

Yet another ATH on @MoonwellDeFi with over 1 Billion $WELL staked on Base network.

🌜☀️🌛 Happy Monday! Here are some highlights from last week: • @Mamo_agent integration • New @anthiasxyz monitoring dashboard • Turning growth into value for WELL stakers (@joel_obafemi) • Continued growth of the cbXRP Core Market

🌜📊🌛 How does Moonwell turn growth into value for WELL stakers? Through reserve auctions. Each month, market reserves (revenue) are auctioned for WELL, increasing staking rewards. More activity → more revenue → more WELL acquired. Learn more from @joel_obafemi: 👇

Quality analysis often takes a lot of time and effort. In retrospect, I’m glad I was patient enough to find a proper angle for the data storytelling having built the dashboard weeks ago. This has to be my best analysis so far and I intend to keep getting better. 💪

Excellent analysis of what we believe to be a key differentiator of @MoonwellDeFi compared to its peers. Consider the fact that Moonwell is not only the highest revenue generating lending protocol on @Base, this represents real productive yield and not token issuance. 🌜📈🌛

@joel_obafemi @MoonwellDeFi @Dune @base @brian_armstrong This guy gets it... Let me read your analysis. And thank you for helping to educate others on the mechanism design we spent so much time working on from both a product and regulatory compliance standpoint.

Me right now after reading @LukeYoungblood's comment on my Moonwell Q2 analysis post. 🥹

When protocols create value loops that strengthen with usage rather than depleting over time, that's generational thinking in a quarterly industry. Want the full breakdown? Check out my Moonwell Q2 analysis. 👇 Cc: @LukeYoungblood @jessepollak https://t.co/LO1ZQkvQnl

This mechanism becomes more powerful under stress. When borrowing demand increases during market volatility, more reserves accumulate, more auctions occur, and staking rewards naturally increase. It's antifragile tokenomics - it gets stronger as it's used more.

What MIP-X21 created was a system where borrower interest payments flow through market-driven auctions into enhanced user rewards. Each borrowing transaction now contributes to a flywheel that strengthens the entire ecosystem automatically. https://t.co/inRugwRzoI

The correlation between auction activity and reward distribution tells a compelling story. Staking rewards surged 127% on Base (hitting $373.9k during peak June activity) and 137% on Optimism ($24.4k in June) - all directly tied to real borrowing demand, not token emissions.