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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
🌜🔴🌛 It's only been a few months since Moonwell went live on OP Mainnet and we've already begun to see significant growth and adoption. Thanks to its user-centric design, low costs, and diverse markets, Moonwell is the best place to lend and borrow on the @Optimism Superchain! https://t.co/cwaZnO6vEI
1/ Moonwell Market Update Oct. 7 - Oct. 13 Highlights: • Total borrows (Base) increased by 4.6% • weETH supply (Base) up 87% • VELO supply and borrow balance (Optimism) up over 80% Every week, we'll provide updates on activity across @MoonwellDeFi markets. https://t.co/3UM99UeNA3
The deep liquidity and competitive interest rates available on Moonwell enable apps like @harvest_finance to build new use cases and strategies, helping more people experience the benefits of onchain finance. Love to see it. 🌜🧑🌾🌛 https://t.co/OmKPbikYYw
Moonwell DeFi has achieved a significant milestone with over $55 million deposited into its flagship vaults, which are curated by BlockAnalitica and bprotocoleth. These vaults allocate funds across various Chainlink-secured markets on Morpho Labs. The platform allows users to deposit assets such as ETH, USDC, or EURC, all within a user-friendly app experience. The growth in deposits reflects a broader trend of increasing activity on the platform, with active loans on the Optimism Mainnet also trending upward. Recent updates indicate that total borrows on the Base network increased by 4.6%, and the supply of weETH rose by 87%. This growth is attributed to Moonwell's competitive interest rates and deep liquidity, which are attracting more users to on-chain finance solutions. The platform has been operational on the Optimism Mainnet for just a few months but has already seen substantial adoption, thanks to its user-centric design and low costs.