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Moonwell is an open, non-custodial DeFi protocol designed for lending and borrowing crypto assets. It is built on the Moonbeam and Moonriver networks, which are integral components of the Polkadot and Kusama ecosystems, respectively. Moonwell offers users the ability to lend their assets for interest or borrow against them, leveraging the interoperability and scalability provided by these networks.
By integrating with the Polkadot and Kusama ecosystems, Moonwell benefits from enhanced scalability, connectivity, and cross-chain functionality. This integration allows users to seamlessly transfer assets across different chains, increasing the range of assets available for lending and borrowing while boosting overall liquidity and efficiency within the DeFi protocols on these networks.
Moonwell Apollo, the first deployment of Moonwell, is on the Moonriver network, serving as an incubation platform for new products. In contrast, Moonwell Artemis is deployed on Moonbeam, offering an enhanced user experience with faster transaction times while adhering to the same high security standards. Artemis continues to develop community-driven innovations building upon Apollo's stable foundation.
Moonwell prioritizes a high level of security by utilizing multi-signature systems for all smart contracts along with thorough audits conducted by Halborn Security. Additionally, it collaborates with ImmuneFi to run a bounty program that encourages security researchers to actively identify and report vulnerabilities, thus ensuring the safety and reliability of its DeFi services.
Moonwell stands out in the DeFi space by providing a user-friendly, secure, and scalable platform. Its seamless integration with the Polkadot and Kusama ecosystems enables efficient cross-chain asset transfers, expanding the selection for lending and borrowing. Additionally, Moonwell's robust security measures and continual innovation offer users a dependable and future-ready DeFi experience.
Moonwell leverages the interoperability of Polkadot and Kusama ecosystems to facilitate efficient cross-chain asset transfers and liquidity. This capability not only expands the variety of assets available for lending and borrowing but also enhances the overall liquidity and operational efficiency of DeFi activities in the Moonbeam and Moonriver networks, promoting a more interconnected DeFi environment.
Moonwell: A DeFi protocol on Moonbeam & Moonriver (Polkadot/Kusama networks) for lending/borrowing crypto, emphasizing security, user experience, and cross-chain liquidity.
Moonwell is a decentralized finance protocol facilitating open lending and borrowing, operating on Moonbeam and Moonriver, part of the Polkadot and Kusama ecosystems. It allows users to lend crypto assets to earn interest or borrow against them, leveraging Polkadot's interoperability for cross-chain transfers. Initially launched on Moonriver for testing, features are refined before being deployed on Moonbeam. Moonwell's user-friendly interface prioritizes security, demonstrated by multi-signature systems and audits by Halborn Security, with an incentivized vulnerability bounty via ImmuneFi. Moonwell Apollo initiated the project with community governance and was succeeded by Moonwell Artemis, which offers faster transactions and polished functionalities. The protocol enhances liquidity within the DeFi space of Polkadot and Kusama while securing robust market activity, with a total WELL token supply of 5 billion. For further details, visit https://moonwell.fi.
Moonwell is a decentralized finance protocol facilitating open lending and borrowing, operating on Moonbeam and Moonriver, part of the Polkadot and Kusama ecosystems. It allows users to lend crypto assets to earn interest or borrow against them, leveraging Polkadot's interoperability for cross-chain transfers. Initially launched on Moonriver for testing, features are refined before being deployed on Moonbeam. Moonwell's user-friendly interface prioritizes security, demonstrated by multi-signature systems and audits by Halborn Security, with an incentivized vulnerability bounty via ImmuneFi. Moonwell Apollo initiated the project with community governance and was succeeded by Moonwell Artemis, which offers faster transactions and polished functionalities. The protocol enhances liquidity within the DeFi space of Polkadot and Kusama while securing robust market activity, with a total WELL token supply of 5 billion. For further details, visit https://moonwell.fi.
