Moonwell (WELL) — Governance Rights Report

Vol. I, No. 1 Monday, August 31, 2026 Moonwell — Governance Rights Report

Verdict

Moonwell

WELL — Governance Rights Report

Tier 4 S1 — Token-Governed Protocol Assessment as of 2026-08-31

GSA-1 fail GSA-2 pass GSA-3 fail GSA-4 fail GSA-5 near-miss GSA-6 fail GSA-7 fail GSA-8 fail

Why this rating: Most advanced multichain governance infrastructure (xERC20/xWELL across 4 chains) but Foundation-gated with no economic rights — procedurally interesting, economically decorative. GSA-2 pass = WELL delegation revocable (ERC-20); Foundation remains the power center; Low participation (1.2% supply on recent proposals)

GSA-2 pass = WELL delegation revocable (ERC-20); Foundation remains the power center
Low participation (1.2% supply on recent proposals)

Where to Vote

Proposal History

Proposal	Title	Outcome	Closed
0x880559f33b…	Remediation of Bad Debt From 10/10 Using Reserves	Closed	November 13, 2025
0x61a0278313…	Upgrade Moonwell’s Liquidation Incentive Recapture on Optimism’s ETH/USD Market	Open for voting	July 25, 2025
0x88a3982119…	Nomination: Ana for Moonwell Security Council (Replacing Elliot)	Open for voting	July 3, 2025
0x160c68098a…	Nomination: Anthias for Moonwell Security Council (Replacing Gauntlet)	Open for voting	July 3, 2025
0xfe5445a2b8…	Add cUSDO (OpenEden) market to MoonWell on BASE	Closed	June 16, 2025

History from the Institute scanner and the 2026-08-31 recheck pulls (Snapshot Hub GraphQL / OpenSquare). Outcomes marked from recheck determinations where the proposal is named; otherwise the recorded state is shown.

Metrics

Curated metric — next quarterly update. On-chain revenue, treasury, and distribution-enforcement reads are not yet wired for this DAO's space in the Institute's state files; the quarterly re-assessment cycle will populate this block.

Structure & History

Structure: S1 — Token-Governed Protocol.

S1-S5 protocol business structure taxonomy, as-of 2026-08-27 (structure taxonomy date); scores as-of 2026-08-31 (first scored 2026-07-23)

2026-08-31 recheck verdict: UNCHANGED.

Stale-risk & dormancy notes

Snapshot (last 6 weeks): 0 proposals — Snapshot dormant since Nov 2025 (governance runs on-chain via Tally; known scanner nuance, not a change).

Assessment flags

GSA-2 pass = WELL delegation revocable (ERC-20); Foundation remains the power center
Low participation (1.2% supply on recent proposals)