🌜📊🌛 Last month, 9.65M WELL was acquired through reserve auctions. Thanks to the successful passage of MIP-X26, staking rewards on @Base and @Optimism Mainnet have increased. Approximately $308K in excess market reserves has been allocated for the next round of auctions.

🌜📊🌛 Reserve auctions are Moonwell's automated onchain system for exchanging excess market reserves for WELL tokens. This system bolsters the Safety Module by increasing staking rewards, incentivizing governance participation, and enhancing security.

🌜🥩🌛 Stake in the Moonwell Safety Module 🔵 @Base: 🔴 @Optimism Mainnet: 🌕 @MoonbeamNetwork: