🌜📊🌛 Last month, 8.4M WELL was acquired through reserve auctions.

Thanks to the successful passage of MIP-X21, staking rewards on @base and @optimism Mainnet have increased.

Approximately $114K in excess market reserves has been allocated for the next round of auctions.

🌜📊🌛 Reserve auctions are Moonwell's automated onchain system for exchanging excess market reserves for WELL tokens.

This system bolsters the Safety Module by increasing staking rewards, incentivizing governance participation, and enhancing security.

Bringing the world onchain with simple, yet powerful financial tools. Join the community at moonwell.fi

🌜📊🌛 Reserve auctions are Moonwell's automated onchain system for exchanging excess market reserves for WELL tokens.

This system bolsters the Safety Module by increasing staking rewards, incentivizing governance participation, and enhancing security.

https://docs.moonwell.fi/moonwell/protocol-information/reserve-auctions

🌜🥩🌛 Stake in the Moonwell Safety Module

🔵 Base: https://moonwell.fi/stake/base

🔴 OP Mainnet: https://moonwell.fi/stake/optimism

🌕 Moonbeam: https://moonwell.fi/stake/moonbeam