New auction system proposed by @MoonwellDeFi contributors at SolidityLab to buy back WELL tokens with excess protocol revenue, potentially allocating over $178K to boost staking rewards to 21.84% if passed.
WELL stakers are getting rewarded with real revenue (not just token issuance) at around 22% for providing shortfall insurance and governance participation, with excess reserves auctioned to strengthen the ecosystem.
Moonwell’s cbBTC Vault is offering a solid 1.9% APY through BTC liquid restaking tokens as collateral, broken down into 0.43% native, 1.42% WELL, and 0.05% MORPHO.
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