Category: Moonwell

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Moonwell’s Bold $2.3M Plan to Counter Frax Hack Debt Sparks Controversy

January 20, 2024

Moonwell, a decentralized finance (DeFi) borrowing and lending protocol, is facing controversy over its proposal to use $2.3 million worth of digital asset collateral to offset bad debt from Frax Finance (FRAX) pools due to a hack nearly two years ago. In a plebiscite held on December 31, 2023, Moonwell sought community approval to use…
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Lunar Labs Co-Founder Luke Youngblood Talks Moonwell Artemis and Over-Collateralized Loans

March 24, 2022

Moonwell is an open lending and borrowing DeFi protocol on Moonbeam and Moonriver. Moonwell’s composable design can accommodate a full range of DeFi applications in the greater Polkadot and Kusama (DotSama) ecosystem. Luke Youngblood is the co-founder of Lunar Labs, which is developing the Moonwell DeFi protocol. Luke has decades of experience working in tech,…
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