What Are Core Markets?
Core Markets are the original lending pools on Moonwell, built using Compound v2 technology. They're the foundational markets where you can supply and borrow assets across the Moonwell network, and they're the simplest place to start.
How Core Markets Work
Core Markets use a shared liquidity model. All suppliers and borrowers of the same asset share one pool. When you supply ETH to the ETH market, your funds join all other ETH suppliers in that same pool, and borrowers draw from it.
This shared design has a clear advantage: liquidity is deep for common assets, so there's usually room to supply, borrow, and withdraw without friction.
Available Networks
You can access Core Markets on multiple chains:
Ethereum Mainnet
Base
OP Mainnet
Moonbeam
The same assets are available across these networks, but the markets operate independently on each chain. A position on Base is separate from a position on OP Mainnet, even for the same asset.
Key Market Statistics
Each Core Market has its own metrics, shown on the Markets page:
Supply APY: The interest rate you earn when you supply an asset.
Borrow APY: The interest rate you pay when you borrow an asset.
Collateral Factor: How much of an asset's value you can borrow against.
Utilization Rate: The percentage of supplied assets currently borrowed, which drives the rates above.
How to Use Core Markets
Supplying Assets
Go to the Markets page on Moonwell.
Find the asset you want to supply.
Click to supply and enter your amount.
Approve the transaction and confirm.
Start earning supply APY on your assets.
Borrowing Assets
Make sure you have collateral supplied.
Find the asset you want to borrow.
Enter your borrow amount.
Confirm the transaction.
You'll owe the borrow APY on borrowed amounts.
Check Available Markets
Visit the Markets page on Moonwell to see all available Core Markets. The page displays real-time APYs, utilization rates, and collateral factors for each market, so you can compare rates across assets and decide where to supply or borrow.
Key Takeaway
Core Markets are a simple way to earn yield on your crypto. Shared liquidity means there's deep availability for common assets like USDC, ETH, and USDT.
Frequently Asked Questions
How are Core Markets different from Isolated Markets?
Core Markets pool all liquidity for an asset together. Isolated Markets keep each collateral-and-loan pair separate, which allows more assets with contained risk.
Do I need to do anything to earn?
No. Once you supply, you earn the supply APY automatically. Token rewards, if any, are claimed separately.
Are rates the same on every network?
No. Each network's markets operate independently, so APYs and utilization differ by chain.