Moonwell

Moonwell is a lending protocol that has treated Base as a home rather than as one more deployment. It runs on Base, Optimism, Moonbeam and Moonriver, and Base is where most of its activity sits.

DefiLlama tracks the core lending markets and the vaults separately. The lending side is a pooled design in the Compound tradition; the vaults sit on top and allocate deposits for people who would rather not choose markets. Moonwell has leaned on incentive programmes more than most of its peers, so its rates have historically carried a larger emissions component.