Getting Started - Moonwell Docs
The live Moonwell Apollo price today is $0.010972 USD with a 24-hour trading volume of $678.33 USD.. We update our MFAM to USD price in real-time. Moonwell Apollo is up 0.74% in the last 24 hours. The
Last updated
The live Moonwell Apollo price today is $0.010972 USD with a 24-hour trading volume of $678.33 USD.. We update our MFAM to USD price in real-time. Moonwell Apollo is up 0.74% in the last 24 hours. The
Last updated
Moonwell is a decentralized lending and borrowing protocol built on the Base, Moonbeam, and Moonriver networks. It offers a user-friendly platform for both crypto novices and experienced traders to engage in lending and borrowing activities.
Cross-Chain Compatibility: Operates on multiple networks, expanding its user base and asset availability.
Lending and Borrowing: Enables users to lend supported crypto assets and borrow against their collateral.
Overcollateralization: Requires borrowers to deposit more collateral than the loan amount to mitigate risk.
Interest Rates: Dynamic interest rates adjust based on supply and demand for assets.
User Interface: Provides a simple and intuitive platform for users of all experience levels.
Users can deposit supported crypto assets into lending pools on Moonwell. These deposits earn interest by being lent out to borrowers. Borrowers can obtain loans by providing collateral in excess of the loan amount. Interest rates fluctuate based on the supply and demand for specific assets.
Accessibility: Offers a user-friendly interface for both beginners and experienced users.
Cross-Chain Opportunities: Provides access to a wider range of assets and users.
Earning Potential: Lenders can earn interest on their crypto holdings.
Borrowing Flexibility: Borrowers can access liquidity without selling their assets.
Market Volatility: Crypto prices can fluctuate significantly, impacting loan values and interest rates.
Liquidation Risk: Borrowers risk losing their collateral if they fail to maintain sufficient collateralization.
Smart Contract Risks: As with any DeFi protocol, there is a risk of vulnerabilities in smart contracts.
