🌜📊🌛 Reserve Auctions — Boosted Staking Rewards

9.4M WELL was acquired last month through Reserve Auctions.

The successful passage of MIP-X19 has increased Safety Module staking rewards on @base and allocated ~$170K of excess market reserves for the next round of auctions.

🌜📊🌛 Reserve Auctions are Moonwell's automated onchain system that exchanges excess market reserves for WELL tokens. 

The system bolsters the Safety Module — increasing staking rewards, incentivizing governance participation, and enhancing security.

Bringing the world onchain with simple, yet powerful financial tools. Join the community at moonwell.fi

🌜📊🌛 Reserve Auctions are Moonwell's automated onchain system that exchanges excess market reserves for WELL tokens. 

The system bolsters the Safety Module — increasing staking rewards, incentivizing governance participation, and enhancing security.

https://docs.moonwell.fi/moonwell/protocol-information/reserve-auctions