Basic information about Moonwell
Greetings to all, I want to draw the attention of all crypto enthusiasts and those involved in the world of decentralized data to a new, unique and interesting Moonwell project.
According to 2021 research, about 75% of network hacks have been on DeFi platforms. DeFi (short for decentralized finance — decentralized finance) are traditional financial services built on Blockchain technology, provided without the involvement of traditional financial institutions.
The main task of decentralized finance is to become an alternative to the banking sector and replace the traditional technologies of the current financial system with open source protocols.A constant stream of hacks will weaken investor attraction and limit mainstream acceptance.
Also, among the disadvantages of DeFi applications, there is a lack of clear regulation rules, as well as a lack of security and trust, a complex user interface, a lack of training and information, and a weak community involvement.
One of the main missions of Moonwell is to solve all these problems. Safety is Moonwell’s top priority.
Moonwell has partnered with several firms to audit and provide ongoing support for smart contracts to ensure that best security practices are followed. In addition, agent-based economic modeling allows the protocol to adapt and mitigate the risks of adverse economic conditions.
Moonwell is an open DeFi lending and borrowing protocol based on Moonbeam and Moonriver.
Moonwell will strive to create a community where anyone can freely express their opinions and make important decisions, where supporters can exchange views, ideas, and works. An atmosphere of cooperation and interaction to strengthen the entire system as a whole is one of the goals of the project.
Moonwell is the shared brand for two separate deployments on Moonriver and Moonbeam, represented by Moonwell Apollo and Moonwell Artemis, respectively.
The Moonwell Apollo will launch on Moonriver in the first quarter of 2022.Moonwell Artemis will be launched on Moonbeam shortly after the launch of the Moonwell Apollo.
There is also MFAM, which is the native control token of the Moonwell Apollo protocol. MFAM can be embedded in the Moonwell security module, which supports the Moonwell Apollo protocol in case of shortage.
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