Moonwell MIP-M44 Onchain Vote
MIP-M44 proposes switching all Moonwell Core Markets on Moonbeam Network to API3’s data feeds, replacing Chainlink feeds to maximize Oracle Extractable Value (OEV) recapture [Moonwell Website]. The goal? Enhance yield for lenders and strengthen reserves by leveraging API3’s proven OEV solution, which has already returned over $680 to Moonwell since its GLMR/USD switch in April 2025 [API3 OEV Dashboard]. Voting runs from July 9 at 12:29 PM UTC to July 12, 2025, with execution possible by July 13 if quorum (100M votes) is met [Moonwell Proposal #188]. This move could set a precedent for cross-chain DeFi governance, making Moonwell a leader in OEV optimization.Recent NewsMoonwell has been on a roll. In May 2025, the protocol celebrated a 24-hour trading volume of $3.29M for its WELL token, reflecting growing user adoption [CoinMarketCap]. The GLMR/USD switch to API3 in April proved successful, recapturing 87% of potential OEV, a milestone praised by the community [Moonwell Forum]. This builds on Moonwell’s expansion across Base, Optimism, and Moonriver, solidifying its DeFi presence.Future PlansMoonwell’s roadmap highlights cross-chain expansion, with API3 pledging support for future deployments [MIP-M44 Proposal]. Upcoming features include exploring alternative OEV revenue uses, like reducing liquidation penalties, and enhancing user interfaces for broader accessibility [Moonwell Docs]. These steps aim to position Moonwell as a top lending protocol by 2026.Onchain DataCurrent onchain data shows 75.2M votes cast so far, short of the 100M quorum [Moonwell Proposal #188]. Transaction volume on Moonbeam has spiked 15% since the GLMR switch, indicating heightened activity [Moonbeam Network Analytics, approximate]. Exact staking metrics are unavailable, but the protocol’s open design encourages broad participation.Community SentimentX is abuzz with excitement. Users like @theweb3attorney and @AnisLaour have expressed enthusiasm with emojis and calls to “vote yes” [X Posts, July 9, 2025]. Influencer @qevrythnq suggests strong community support, hinting at a potential yes vote trend. Discussions on Moonwell’s forum also reflect confidence in API3’s reliability [Moonwell Forum Thread].Additional InsightsThis integration aligns with a DeFi trend where protocols like Aave use optimized oracles to boost revenue [Gate Ventures, 2025]. Moonwell’s user-centric approach could attract new users, though early adopters should monitor voting outcomes. Competitors like Compound may follow suit, intensifying the race for OEV recapture.Risk DisclaimerVoting outcomes are uncertain, and price volatility may occur. Always research and assess risks before participating.Join the vote at https://t.co/fekZ2gXDFs and shape DeFi’s future!
Moonwell
July 13