🌜📊🌛 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: 👇

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 🧵 https://t.co/UZk73Bvjhf

Joel Obafemi

🌜📊🌛 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: 👇 https://x.com/joel_obafemi/status/1940757267978310075