Moonwell
Crypto Overview
Overview
Moonwell is a decentralized lending protocol initially deployed on the Moonbeam network, later expanding to other networks like Base. The protocol allows users to supply assets as collateral and borrow other assets against that collateral.
Purpose and Utility
The WELL token serves as a governance token for the Moonwell protocol, enabling holders to participate in protocol decisions. Token holders can vote on protocol parameters, risk management, and treasury allocation.
Business Model
The protocol generates revenue through lending and borrowing activities, with interest rates determined by supply and demand. The protocol charges fees on borrowing transactions, which are distributed to the protocol treasury and WELL token stakers.
Development and Adoption
Moonwell has shown active development with regular updates and improvements to the protocol. The team maintains transparency through detailed documentation and regular community updates. The protocol has secured partnerships with various blockchain networks and DeFi projects.
Token Distribution
The token distribution includes allocations for the team, investors, community rewards, and protocol treasury. Team tokens are subject to vesting periods to align long-term interests.
Crypto Impact
To assign a comfort level investing in Moonwell from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Moonwell.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.