Base

🌜🔵🌛 Native WELL is now live, empowering the Moonwell community to vote and stake directly on @base!

Discover what this means for Moonwell and how to upgrade your existing WELL tokens to the new @base native version ⬇️🧵

🌜🔵🌛 Native WELL is now live, empowering the Moonwell community to vote and stake directly on @base!

Discover what this means for Moonwell and how to upgrade your existing WELL tokens to the new @base native version ⬇️🧵
https://mirror.xyz/moonwell.eth/5Su3-ENerHThkviUbDAP0TLdTzMk5gZ-trkR0WGVNPo

An open lending and borrowing DeFi protocol built on Base, Moonbeam, and Moonriver.

Since Moonwell arrived on @base last August, the community has awaited the ability to participate in governance from this new network.

The talented team at Solidity Labs has dedicated the past six months to developing a new multichain governor and upgraded WELL token to make this a reality.

🌐 With the upgraded WELL token and governance system now in place, the Moonwell community now has the freedom to stake and vote from their preferred network.

These updates also help future-proof Moonwell, paving the way for future expansion to additional L1 and L2 networks.

Upgrading your existing WELL tokens on @base to native WELL is a breeze! 💨

Our user-friendly migration wizard will guide you through the process step-by-step. Plus, gas fees are subsidized for your initial migration.

Try it out now 👉 https://moonwell.fi/well-migration

🔄 Effortlessly transfer WELL between Moonbeam and Base directly within the Moonwell app.

This convenient feature eliminates the need to visit external bridging sites when transferring WELL tokens.

Transfer WELL 👉 https://moonwell.fi/transfer

🔒 A new Safety Module has also been activated, enabling WELL staking on @base.

Staking rewards are initially set to zero but will be added following the successful passage of Solidity Lab's MIP-B16 📈

https://moonwell.fi/governance/proposal/moonbeam?id=83

🗳️ Remember to delegate your WELL tokens and take part in governance!

Staked WELL tokens are automatically self-delegated. However, held WELL tokens require manual delegation to activate their voting power.

Delegating WELL is simple, learn how 👇

🗳️ Remember to delegate your WELL tokens and take part in governance!

Staked WELL tokens are automatically self-delegated. However, held WELL tokens require manual delegation to activate their voting power.

Delegating WELL is simple, learn how 👇
https://docs.moonwell.fi/moonwell/governance/governance/delegate

✈️ Attention pilots! A new WETH <> @base native WELL pool has been created on @aerodrome.

Liquidity incentives will transition from the existing pool to the new pool over the coming weeks. Stay tuned for more details!

With native WELL now live, our @Base community is empowered to shape the future of the Moonwell!

Need assistance or have questions? Join the Moonwell Discord (http://discord.gg/moonwellfi) to receive support and stay up-to-date with the latest developments. 🤝

Native WELL Contract Address: 0xA88594D404727625A9437C3f886C7643872296AE

👉 https://basescan.org/token/0xa88594d404727625a9437c3f886c7643872296ae

I am stuck in step 3. Redeem on moonbeam. Not sure if the gas is subsidized, but I confirm the tx and it stays pending. I can click redeem and confirm tx in a loop.