Today marks a defining moment for Moonwell. After years of building, refining, and scaling one of the leading lending protocols on Base, Moonwell is now live on Ethereum.

This is a purposeful expansion onto the network where decentralized finance was born and where the deepest pools of onchain capital still reside.

Starting today, you can supply, borrow, and earn on Ethereum.

Ethereum is the settlement layer of decentralized finance. It holds the majority of stablecoin supply, the largest concentration of institutional onchain capital, and the most mature ecosystem of participants, builders, and integrations in the entire industry. For any lending protocol serious about scale, Ethereum is not optional. It is the arena.

Moonwell has spent years proving what works. Transparent markets. Conservative risk parameters. Multichain community governance. A product experience that cuts through the complexity of DeFi and makes it approachable. Those principles translated directly into what we're announcing today.

The timing is deliberate. Ethereum's fee environment has become dramatically more accessible since Dencun, institutional adoption of onchain credit is accelerating, and depositors are actively looking for lending venues that combine Ethereum's security assurances with a product experience that is simple and intuitive. Moonwell on Ethereum is here to meet people where they are.

Moonwell on Ethereum opens with four core assets, each chosen for depth, credibility, and the role they play in onchain portfolios.

• USDC anchors the stablecoin side as the most widely held regulated dollar onchain. Issued by Circle, it is relied on by institutions and depositors alike for its transparency and redemption guarantees.

• USDT, issued by Tether, expands stablecoin choice with the largest stablecoin by circulating supply, offering depositors and borrowers access to the deepest dollar liquidity in the entire onchain economy.

• ETH is the native asset of the network itself. Supplying ETH on Moonwell lets depositors put their Ethereum to work without giving up exposure to the asset that secures the network.

• cbBTC brings Coinbase-wrapped Bitcoin into the mix, giving Bitcoin holders a credible venue to earn on their BTC and use it as collateral, backed by one of the most reputable custodians in the space.

Each market opens with conservative supply and borrow caps, sized for a measured start and built to scale as liquidity on the protocol deepens.

Moonwell on Ethereum is supported by:

• Halborn for smart contract audits, a security firm with a track record of protecting some of the most widely used protocols in the industry.

• Chainlink for price feeds, the oracle network securing more value than any other in DeFi.

• Anthias Labs for risk management, with ongoing analysis of collateral factors, liquidation thresholds, and market health informing the conservative, data-driven posture Moonwell depositors have come to expect.

Every market also launches with OEV-integrated price feeds, recapturing value around oracle updates that would otherwise leak to outside actors.

Launching on Ethereum is not a departure from Base. Moonwell on Base continues to operate as one of the most active lending venues in the Base ecosystem, with no change to the markets, vaults, or depositors already active there.

Ethereum is additive. It opens Moonwell to a much larger pool of capital, connects the protocol to the deepest liquidity and integration surface area in the onchain economy, and positions Moonwell to have a meaningful presence across multiple chains, not just on Base. Depositors who want to stay on Base can continue to do so. Depositors who prefer to keep their capital on Ethereum now have a venue built to the same standards.

Over time, expect to see markets expand and vault products come online on Ethereum.

Getting started is fast. Connect a wallet at moonwell.fi and choose from the four core markets available at launch. Depositors can supply to earn, borrow against their collateral, or do both inside a single position.

For teams and institutions looking to integrate Moonwell on Ethereum into their own products or strategies, the same transparent, onchain primitives that made Moonwell on Base a natural building block are now available on Ethereum. Integration documentation is available for teams building on top of Moonwell.

Moonwell began with a conviction that onchain lending should be simpler, safer, and more transparent than the alternatives. That conviction has not changed. What has changed is the surface area on which it can be expressed.

Ethereum is where the next generation of onchain credit will be built, contested, and scaled. Moonwell is now there, with the markets, the contributors, and the product discipline that the moment demands.

Welcome to Moonwell on Ethereum.

Build your tomorrow with Moonwell, live today on Ethereum at moonwell.fi.