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Moonwell GovernanceMoonwell Governanceby0x67Eea7a2e81F7228C98Ea6ddb3BD4C4849A55554parkhodu.eth

Paying Debt partially with WELL

Voting ended about 3 years agoSucceeded

For now, protocol is giving $WELL as a supply APY. I suggest taking $WELL as a burrow APY as well.

Down below is structures of both supply / burrow APY.

Supply APY Burrow APY
asd.png 123.png

You can see debts are paid merely with burrowed assets. I suggest we split small percentage to $WELL.

Down below is the result.

Burrow APY - now Burrow APY - to be
123.png aaa.png

Still, demanding user self to pay $WELL would be ineffective. So i suggest automating this procedure with users payments. Down below Luke suggested using Gelato, i think its great idea.

  • https://forum.moonwell.fi/t/paying-debt-partially-with-well/181/13

Lets create new supply and demand cycle for $WELL.

Off-Chain Vote

Yes
12.87M WELL74.1%
Abstain
229.6K WELL1.3%
No
4.27M WELL24.6%
Quorum:174%
Download mobile app to vote

Timeline

Nov 16, 2022Proposal created
Nov 16, 2022Proposal vote started
Nov 19, 2022Proposal vote ended
Oct 26, 2023Proposal updated