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Moonwell is an open lending and borrowing protocol available on Base, Moonbeam, and Moonriver. Its user-friendly interface simplifies the onchain lending and borrowing process, making it accessible to both cryptocurrency beginners and experts. The Moonwell community prioritizes security through regular smart contract audits by Halborn and Code4rena, risk management services from Gauntlet and Warden, and an Immunefi bug bounty program. Governed by WELL token holders, Moonwell continuously evolves by incorporating insights and contributions from its engaged community. Moonwell stands out in the DeFi space with its combination of accessibility, user-centric design, strong security measures, and collaborative community, inviting everyone to join in a more inclusive and transparent onchain financial future.
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What is Moonwell (WELL)?
Moonwell Artemis is a decentralized finance (DeFi) protocol for lending and borrowing on the Moonbeam blockchain. It currently supports various cryptocurrencies including DOT, GLMR, wBTC, ETH, USDC, and FRAX. Moonwell Apollo, a similar protocol, was previously launched on Moonriver and has gained significant popularity in the wider Polkadot ecosystem with a total value locked (TVL) of over $300 million. The Moonwell community prioritizes the security and protection of user funds, conducting multiple audits and maintaining a bug bounty program in collaboration with ImmuneFi.
To find out more about Moonwell (WELL), visit our BYDFi Blog.
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