Exchange Moonwell Artemis

Moonwell Artemis is a decentralized lending and borrowing protocol built on the Moonbeam blockchain, designed to provide users with seamless access to decentralized finance (DeFi) services. Founded by Luke Youngblood, a former Coinbase engineer, Moonwell Artemis officially launched in April 2022.

Up-to-date Moonwell Artemis news

• November 21, 2024: Moonwell Artemis (WELL) was listed on the Bitrue exchange, expanding its accessibility to a broader user base.
• March 17, 2022: Moonwell secured a $10 million strategic funding round co-led by Hypersphere Ventures and Arrington Capital, with participation from Katie Haun’s new venture fund, to support the development of its lending protocol on Polkadot's Moonbeam parachain.
• February 10, 2022: Moonwell Apollo, the pilot lending protocol on Moonbeam's Kusama-based sister chain, Moonriver, launched and amassed $230 million in total value locked (TVL).
• January 2022: Moonbeam, the EVM-compatible parachain on Polkadot, launched, providing the foundational infrastructure for Moonwell Artemis.
• July 10, 2022: Moonwell Artemis launched with $150 million in TVL, increasing Moonbeam network’s TVL by over 250% and spotlighting both Moonbeam and Polkadot.

Tokenomics of WELL

The WELL token is the native governance token of the Moonwell Artemis protocol, built on the Moonbeam blockchain, which is part of the Polkadot ecosystem. WELL serves multiple purposes, including governance participation, staking in the Safety Module for protocol security, and earning rewards. As an ERC-20 token on the Moonbeam network, WELL benefits from Ethereum Virtual Machine (EVM) compatibility, allowing for seamless integration with various DeFi applications. The total supply of WELL tokens is capped at 5 billion.

Key features of Moonwell Artemis (WELL)

Moonwell Artemis distinguishes itself in the DeFi space through several unique features:

• EVM compatibility: Built on the Moonbeam network, Moonwell Artemis ensures seamless integration with Ethereum-based tools and applications, enhancing user accessibility.
• Cross-chain interoperability: Leveraging Polkadot's relay chain, Moonwell Artemis facilitates secure and efficient cross-chain asset transfers, broadening the scope of DeFi possibilities.
• Safety Module: Users can stake WELL tokens in the Safety Module to earn rewards and contribute to the protocol's security, as staked assets may be used to cover deficits in case of shortfall events.
• Decentralized governance: WELL token holders participate in protocol governance, influencing decisions on upgrades, parameter changes, and other critical aspects.

Use cases for Moonwell Artemis

• Lending and borrowing: Users can lend their assets to earn interest or borrow against their crypto holdings, providing liquidity and flexibility.
• Staking: WELL token holders can stake their tokens in the Safety Module to earn additional rewards while enhancing protocol security.
• Liquidity provision: Users can provide liquidity to WELL/GLMR pools on decentralized exchanges like StellaSwap, earning rewards in multiple tokens.
• Cross-chain asset transfers: Through Moonwell's integration with Polkadot's ecosystem, users can transfer assets securely across different blockchains, expanding their DeFi opportunities.

The average fees on the Moonwell Artemis Network

Transaction fees on the Moonwell Artemis Network are relatively low, with gas fees typically amounting to a few cents (USD) per transaction, depending on network congestion and the complexity of the operation. This affordability enhances user experience and encourages broader participation in the protocol.

The WELL token wallets

Several wallets support WELL tokens, including:

• MetaMask: A widely-used browser extension wallet that allows users to interact with EVM-compatible networks like Moonbeam.
• Talisman: A Polkadot-focused wallet offering seamless integration with Moonbeam and its parachains.
• Nova Wallet: A mobile wallet designed for the Polkadot and Kusama ecosystems, supporting Moonwell Artemis.
• Polkadot.js: An official browser extension wallet for the Polkadot network, compatible with Moonbeam.
• Ledger: A hardware wallet providing secure storage for WELL tokens and compatibility with Moonbeam through third-party integrations.

With Moonwell Artemis (WELL) gaining traction in the DeFi space, now is an opportune time to explore its potential. SwapSpace offers a seamless platform for exchanging WELL tokens, allowing you to participate in this innovative protocol effortlessly. Visit SwapSpace today to perform a Moonwell Artemis (WELL) swap and stay updated with the latest Moonwell Artemis (WELL) prices, Moonwell Artemis (WELL) price chart, and Moonwell Artemis (WELL) news.