Moonwell enables governance for WELL holders across multiple networks
Moonwell has introduced multichain governance for WELL token holders, allowing them to propose and vote on decisions across various networks. This upgrade utilizes the xERC20 token standard, enabling a unified voting power for users regardless of the chain. The protocol aims to enhance governance efficiency and streamline participation within the Ethereum ecosystem.
- ▪Moonwell's governance upgrade allows WELL holders to engage across Base, Optimism, Moonbeam, and Ethereum.
- ▪The xERC20 token standard enables the token to function as a single, portable asset across different chains.
- ▪Recent governance proposals, such as MIP-X55, have successfully integrated Ethereum with the xWELL bridge.
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Moonwell enables governance for WELL holders across multiple networks The DeFi lending protocol adopted the xERC20 token standard to let holders propose, vote, and execute decisions across Base, Optimism, Moonbeam, and Ethereum without fragmenting their voting power. Share Add us on Google by Editorial Team May. 27, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Moonwell, the decentralized lending and borrowing protocol, has…
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