Moonwell 

WELL Price

What is Moonwell (DeFi lending protocol)?

Moonwell is a decentralized lending and borrowing protocol deployed across Base, Optimism, Moonbeam, and Moonriver. The platform enables users to supply digital assets to single-sided liquidity pools and use cross-chain collateral to access decentralized financial tools, while the WELL token facilitates ecosystem governance.

How is the WELL token supply structured?

The protocol enforces a fixed maximum supply of 5,000,000,000 WELL tokens. Ecosystem Development holds the largest allocation at 29.35%, followed by the Treasury at 19.5% and the Private Round at 11.4%.

Which blockchains host the smart contracts?

Smart contracts are deployed on three networks. The Base and Optimistic Ethereum networks share the identical contract address 0xa88594d404727625a9437c3f886c7643872296ae, while the Moonbeam network utilizes the distinct address 0x511ab53f793683763e5a8829738301368a2411e3. These addresses are verifiable on BaseScan, Optimistic Etherscan, and Moonscan.

When were the initial funding rounds completed?

The development team completed four distinct funding stages between December 2021 and March 2022. A Private Round raised $10,000,000 at an $87,500,000 pre-valuation, led by Arrington Capital and Hypersphere Ventures. A subsequent Public Sale raised $13,000,000 at a $130,000,000 pre-valuation.

Where can investors trade the token?

Market participants trade the asset on centralized exchanges like Coinbase, Kraken, KuCoin, and HTX against fiat and stablecoin pairs. Decentralized exchange liquidity is concentrated on Base through Aerodrome and Uniswap pools paired with WETH, USDC, and AERO.

On what date did the initial token generation event occur?

The token generation event took place on June 23, 2022. This initial unlock distributed 50,000,000 tokens from the Public Sale allocation, representing 1% of the total supply.