MFAM Token Migration

Part of Moonwell’s mission is to promote a clear understanding and transparency with the community. On May 5th, 2022, there will be a migration of the token allocations to better reflect the token breakdown outlined in the MFAM Transparency Report.

MFAM Migration

Currently, liquidity incentives are distributed from a single address. Going forward, the liquidity incentives (which total 50% of the total supply, with ~46.25% remaining) will continue to be distributed from this address. The remaining funds will be migrated to new addresses that exactly match the allocations in the transparency report:

Each of these wallets are protected by a multi-signature smart contract.

The goal of this migration is to provide more transparency and a clearer understanding of how the various allocations are being distributed. This migration will also assist market data providers, such as CoinGecko and CoinMarketCap, so they can publish accurate market cap and circulating supply data.

About Moonwell

Moonwell is an open lending and borrowing DeFi protocol on Moonbeam and Moonriver. Moonwell Apollo is Moonwell’s deployment on Moonriver.

Main website | Telegram | Discord | Twitter | Documentation

Moonwell Apollo is supported by the Lunar Technology Foundation, which is responsible for fostering the development of the Moonwell protocol and its ecosystem. Please see the Moonwell Apollo MFAM Token Transparency Report for more details.

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The Lunar Technology Foundation is responsible for fostering the development of the Moonwell protocol and its ecosystem.

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Lunar Technology Foundation

Lunar Technology Foundation

The Lunar Technology Foundation is responsible for fostering the development of the Moonwell protocol and its ecosystem.

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