MIP-B43 Vote: cbXRP Integration Vote on Moonwell Base

JUN

16

Event date

Monday 16 June 2025, UTC

Event description

MIP-B43 proposes adding cbXRP, a 1:1 ERC-20 representation of XRP backed by Coinbase reserves, to Moonwell’s lending and borrowing protocol on Base, an Ethereum Layer 2. The goal? Boost liquidity, attract new users, and diversify assets beyond USD-pegged tokens. With voting live at https://moonwell.fi/vote and requiring a 1,000,000 WELL quorum, this decision empowers the community to shape Moonwell’s future. If passed, cbXRP could enhance DeFi accessibility, though liquidity risks remain due to its recent launch.

Recent News

Moonwell has been on a roll! In April 2025, the protocol expanded to Base mainnet, following MIP-B0’s approval in August 2023 [forum.moonwell.fi]. June 2025 saw cbXRP debut on Aerodrome, hitting $900k in DEX TVL within days [coinmarketcap.com]. This milestone, paired with Moonwell’s $6.55M 24-hour WELL trading volume [coinmarketcap.com], signals strong momentum heading into this vote.

Future Plans

Moonwell’s roadmap is ambitious, targeting integrations with decentralized identity systems for credit scoring and exploring flash loans and fixed-rate products [moon-well.net]. A successful cbXRP integration could pave the way for more cross-chain assets, solidifying Moonwell’s goal to become Web3’s default liquidity layer. The team also plans to scale transaction capacity with Layer 2 solutions, a move that could amplify cbXRP’s impact.

Onchain Data

While precise cbXRP transaction data is limited due to its recent launch (circulating supply: 2.3M, market cap: $5M [coinmarketcap.com]), early liquidity on Aerodrome doubled in 12 hours to $900k [moonwell.fi]. Moonwell’s Base TVL and WELL staking metrics are unavailable in real-time here, but the protocol’s growth suggests robust activity. Keep an eye on onchain analytics like Dune for updates!

Community Sentiment

X is abuzz with excitement! @MoonwellGov’s post (June 13, 2025) garnered positive reactions, with users praising cbXRP’s Coinbase backing and XRP’s 3M+ retail following [x.com/MoonwellGov]. Influencers highlight diversification benefits, though some caution about liquidity depth. Sentiment leans optimistic, with active discussions on governance risks.

Additional Insights

cbXRP’s 70% collateral factor and $500k borrow cap [moonwell.fi] offer a balanced entry into DeFi, competing with assets like cbETH. XRP’s 60% 30-day volatility [moonwell.fi] reflects its regulatory sensitivity, a factor to watch. This integration could challenge traditional finance narratives, offering users new lending opportunities.

Risk Disclaimer

Note: Early-stage assets like cbXRP carry liquidity and volatility risks. Always research and assess your risk tolerance before participating.

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Moonwell (WELL) Events List

Moonwell Apollo MIP-X32 Voting

The MIP-X32 Voting is an onchain voting event hosted by Moonwell Apollo, scheduled for October 10, 2025. The vote concerns the auction of approximately $72,000 in reserves and the rebalancing of market assets as proposed in the MIP-X32 proposal. Participants can take part via the Moonwell Apollo governance platform where the proposal is live for community decision-making. Recent News There are no additional public updates or announcements related to MIP-X32 voting or Moonwell Apollo’s recent roadmap or partnerships within the last three months. The event appears to be a focused governance action without broader concurrent developments. Future Plans The proposal aims to optimize the asset management within the Moonwell Apollo ecosystem through this auction and rebalancing. Future roadmap details specific to this event have not been disclosed but likely involve ongoing governance and protocol asset management improvements. Onchain Data No verifiable onchain metrics available. Community Sentiment Neutral sentiment prevails as reflected on social media with community members largely viewing the vote as a technical governance procedure. No substantial positive or negative reactions have been noted around this specific event. Sample reactions include: "Standard governance vote, nothing surprising", "Hope the auction proceeds smoothly", and "Looking forward to the new asset balance post-vote". Risk Disclaimer This governance vote may affect the protocol’s asset allocation and reserve management, which could influence token dynamics and market perception. Sources used https://x.com/MoonwellDeFi/status/1975197796803514376

Moonwell Flagship ETH (Morpho Vault)

October 10

Moonwell Governance Call on X

Moonwell, a decentralized finance protocol, is hosting a Governance Call on X scheduled for October 30, 2025, at 5 PM UTC. This event is an AMA-style session where community members can catch up on the latest governance news, proposals, and updates directly from the project's governance team. Participants can join the conversation on Moonwell's official X (formerly Twitter) governance account (@MoonwellGov). Recent News In the recent months, Moonwell Governance has been active with various updates, including proposals such as MIP-B51, which aims to update the USDC Ecosystem Vault timelock to a 72-hour delay. Regular monthly governance calls and forum updates continue to engage the community, reflecting a strong commitment to decentralized governance and transparency. Future Plans The governance team plans to continue holding monthly calls to maintain open communication with users. Future governance proposals and protocol enhancements are expected to be discussed during these sessions, focusing on improving security, user experience, and DeFi integration. Onchain Data No verifiable onchain metrics available. Community Sentiment Positive — The Moonwell community on X and related forums generally expresses enthusiasm and support for governance calls as they enhance transparency and allow direct interaction with the team. Comments like "Great to see ongoing governance engagement," and "Looking forward to the call and discussing proposals," reflect an engaged and optimistic user base. Risk Disclaimer Governance events can influence token price due to potential protocol changes or proposal outcomes. Participants should exercise caution and conduct their own research. Sources used https://x.com/MoonwellDeFi/status/1982860143810543741 https://x.com/MoonwellGov https://forum.moonwell.fi/latest https://coinmarketcal.com/en/event/governance-call-on-x-301165

Moonwell

October 30

Moonwell MIP-X39 Onchain Vote

The Moonwell project is hosting the MIP-X39 Onchain Vote on December 22, 2025. This onchain governance event concerns a proposal to update the oracle configuration for the rETH market on the Base and Optimism (OP) Mainnet. The update seeks to switch the oracle price feeds to Chainlink exchange rate-based oracles, enhancing reliability and accuracy for rETH pricing. Recent News Over the past few months, Moonwell has been active in refining its governance processes and improving market integrations. The focus has been on increasing DeFi interoperability on Layer 2 solutions, particularly Base and Optimism. This proposal reflects ongoing efforts to strengthen token market data through reputable oracle providers like Chainlink. Future Plans Moonwell aims to continue enhancing its market infrastructure and governance mechanisms to support DeFi maturity on Layer 2 chains. Successful approval of MIP-X39 would enable more robust and transparent price data sources, paving the way for broader rETH product offerings and improved user experience. Community Sentiment Neutral to Positive — Discussions on social platforms show community members interested in the upgrade's technical benefits but awaiting the vote's outcome. Comments note the importance of using Chainlink oracles for reliability. Sample reactions: "Switching to Chainlink oracles could really solidify rETH pricing accuracy." "Looking forward to seeing this vote pass for more stable market data." "Curious how this will impact rETH on Base and OP, seems promising." Risk Disclaimer As a governance vote potentially impacting oracle price feeds, this event can influence rETH market dynamics. Participants should consider this when evaluating potential token price movements. Sources used https://x.com/MoonwellDeFi/status/2002042518188507449

Moonwell

December 22

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