Prop MB90 Vote

Moonbeam Network, a cross-chain platform on Polkadot since 2022, supports DeFi growth by enabling apps like Moonwell to offer lending and borrowing across blockchains, as seen in their proposal for 2,062,500 GLMR in liquidity incentives. The April 14, 2025, start date for Moonwell’s incentives aligns with a broader DeFi trend, where platforms like Aave and Compound use token rewards to boost Total Value Locked (TVL), with Moonbeam’s ecosystem TVL at $150 million in March 2025 per DefiLlama. GLMR, Moonbeam’s utility token, is used for governance and staking, with the proposal’s voting process reflecting Polkadot’s on-chain governance model, which has facilitated over 500 proposals across its ecosystem since 2020.