WELL Token Overview

WELL is the governance token for the Moonwell protocol. It's used for voting on protocol changes, delegating governance power, and staking to help protect the protocol.

Holding WELL gives you a voice in how Moonwell evolves. You don't need WELL to supply, borrow, or use vaults; it's specifically for governance and staking.

WELL is the governance token across three networks:

Governance: Hold WELL to vote on proposals that shape the future of Moonwell. Each token represents voting power in governance decisions.

Delegation: Delegate your voting power to other governance participants. You don't have to vote directly; you can assign your voting rights to someone you trust.

Staking: Stake WELL in the Safety Module to help protect the protocol and earn rewards for securing the network.

WELL holders participate in key decisions about protocol development, risk management, and improvements.

Each network has its own WELL token address:

You can buy WELL on major crypto exchanges:

Trade WELL on DEXs on each network:

In April 2024, WELL was upgraded to the xERC20 standard. This upgrade enables seamless cross-chain transfers between Ethereum Mainnet, Base, OP Mainnet, and Moonbeam.

Learn more: Native WELL Live on Base

Do I need WELL to use Moonwell?

No. WELL is for governance and staking. You can supply, borrow, and use vaults without it.

What's the difference between WELL and MFAM?

WELL governs the Moonwell DAO on Base, OP Mainnet, and Moonbeam. MFAM governs Moonwell Apollo on Moonriver.