Home / DeFi / What is Moonwell? Lending & Borrowing DeFi on Moonbeam

What is Moonwell Crypto?
Lending & Borrowing DeFi protocol on Moonriver

Moonwell is an open lending and borrowing DeFi protocol on Moonbeam & Moonriver parachains.

Introduction to the Moonwell DeFi Protocol

Moonwell is an open lending & borrowing DeFi protocol built on Moonbeam and Moonriver.

Moonwell Apollo, Moonwell’s first deployment, has been deployed on Kusama’s Moonriver network, the sister parachain of Polkadot’s Moonbeam. Moonriver is where new products are expected to be incubated and developed prior to being deployed on Moonbeam. Moonwell Artemis, Moonwell’s second deployment, is now live on Polkadot’s Moonbeam network!

Moonwell Links

What is MFAM Token?

MFAM is the native governance token of the Moonwell Apollo protocol. MFAM can be staked in the Moonwell Safety Module, which backstops the Moonwell Apollo protocol in the event of a shortfall event.