Moonwell, a decentralized lending protocol known for its presence on Polkadot's Moonbeam and Coinbase's Base, has proposed MIP-E00 to launch lending markets for ETH, USDC, USDT, and cbBTC on Ethereum mainnet. The governance vote, ongoing from May 28 to May 30, shows nearly unanimous early support with 99.9% approval from about 70 voters. This move follows a recent governance migration to Ethereum, enabling direct decision-making on the mainnet. The expansion positions Moonwell to compete with major lending platforms like Aave and Compound, though details on risk parameters remain undisclosed. Investors should watch governance participation and transparency as the protocol scales.
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