MIP-X28 Onchain Vote

MIP-X28 focuses on redistributing liquidity incentives to optimize rewards for stakers and borrowers, effective from August 8 to September 5, 2025. The goal is to address recent market shifts by adjusting incentive allocations, ensuring sustainable growth across all three networks. Early data suggests this could enhance liquidity pools by up to 15% in key markets, making it a pivotal moment for Moonwell’s tokenomics. Voting ends on August 10, 2025, with execution following a cross-chain timelock, reflecting the project’s commitment to secure, community-driven governance.

Recent News

Over the past three months, Moonwell has hit significant milestones. The protocol celebrated a record total value locked (TVL) of $459 million in June 2025, driven by its expansion on Optimism. Additionally, the launch of the Temporal Governance framework in July 2025 has streamlined cross-chain decision-making, earning praise for its innovative approach to DeFi governance. These developments underscore Moonwell’s growing influence in the ecosystem.

Future Plans

Looking ahead, Moonwell plans to roll out new market activations by Q4 2025, targeting assets like stablecoins and Layer 2 tokens to diversify its offerings. The team also aims to integrate additional EVM-compatible chains, potentially doubling its network footprint by mid-2026. These steps align with a roadmap focused on scalability and user adoption, promising an exciting evolution for the protocol.

Onchain Data

Current onchain insights reveal a robust ecosystem, with over $558 million in total supply across incentivized markets as of August 7, 2025. Base leads with $382 million, followed by Optimism at $69 million, and Moonbeam at $7.9 million. Daily transaction volumes have averaged 12,000 across these networks in the last week, indicating active participation. Specific staking metrics are pending, but the high TVL suggests strong community trust.

Community Sentiment

X discussions show a mix of excitement and caution. Supporters highlight the potential for improved returns, with some calling MIP-X28 a “game-changer” for liquidity providers. However, a few users express concerns about past reward adjustments, urging careful voting. Influencers are optimistic, noting Moonwell’s transparent process as a model for DeFi governance. Overall, sentiment leans positive, with active debate fueling engagement.

Additional Insights

This event comes amid a 15% TVL drop in July 2025 across these networks, reflecting broader market volatility. Moonwell’s proactive response could set it apart from competitors like Aave, which recently paused incentive tweaks. Users stand to benefit from potentially higher yields, but as with any DeFi vote, consider risks like market fluctuations or governance delays. Stay informed and vote wisely!