$WELL jumps above 30% as Moonwell unveils huge Proposals, 55M Flagship Vaults funds

$WELL, utility crypto of Moonwell, an open lending & borrowing app built on Base, Moonbeam, & Moonriver, is up over 30% in the past 24hours, & now trades around $0.05209, with inflow of $1.29M, as per Gate.io chart.

This follows the incredible News that over $55 million has been deposited into Moonwell Flagship Vaults allocating funds across several Chainlink-secured markets on MorphoLabs. Also the platform's MIP-B33 proposal seeking to add USDC incentives on Moonwell's USDC Core Market on Base, with Gauntlet as the USDC Emissions Admin, & MIP-X03 seeking to add KelpDAO's wrsETH to Moonwell on Base & Optimism, are both set for onchain voting.