Moonwell
Moon wells are hallowed repositories of the sacred waters of the Well of Eternity, the pool of energy that gives life to the mystical World Tree. When additional water is added, these wells nourish th
Moonwell is an open lending and borrowing decentralized finance protocol on Moonbeam & Moonriver. Moonwell’s composable design can accommodate a full range of DeFi applications in the greater Polkadot and Kusama (DotSama) ecosystem.
Our first deployment will be on Kusama’s Moonriver, the sister network of Polkadot’s Moonbeam. Moonriver is where new products are expected to be incubated and developed prior to being deployed on Moonbeam.
Current Problems with DeFi
Virtually all DeFi platforms suffer from at least one of the following issues:
Lack of security and trust
Poor user experience
Lack of education and information
Poor community engagement
Moonwell solves all these issues.
Security & Trust
The DeFi space has seen countless hacks and exploits. Ensuring the security and trust of our users’ assets is our top priority.
Top security firms have agreed to audit Moonwell smart contracts to ensure the best security practices are followed. In addition, agent-based economic simulations allow the protocol to adapt and mitigate the risks of adverse economic conditions.
User Experience
Virtually every DeFi platform suffers from a poor user experience.
Users are immediately flooded with information that is both overwhelming and overly-technical. Even experienced crypto users have difficulty navigating through a typical clunky and unintuitive DeFi website.
Even first-time DeFi users will be able to use Moonwell.
Education & Information
Moonwell will be the well of knowledge for all things DeFi.
Pools, liquidity mining, liquidations, collateral, supported assets — there are a lot of important, technical topics that need to be understood when using a lending platform. Additionally, most crypto websites have information scattered across multiple different sources. This makes it difficult for new and existing users to stay engaged and updated on a project.
Last updated
