Moonwell Lending · Base

WELL

Overview

The Moonwell Lending WELL pool on Base is a single-asset lending position where suppliers earn variable interest on WELL token deposits. The protocol generates yield by routing borrowing demand against pooled liquidity and distributing the resulting interest to lenders.

Total APY of 99% consists of base lending at 49.4% and an additional reward layer contributing 49.6%. Over the past seven days, the rate has risen by 8.06%, while over thirty days it has increased by 11.15%, placing the current APY above the 30-day mean of 85.94%.

TVL stands at $540K with no reported change in the past seven days; primary exposure is smart-contract risk due to the protocol's reliance on automated market-making functions. This pool benefits from liquidity depth, which supports stable borrowing rates and reduces slippage for lenders.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Yield variability

  Current APY is 0.27%; 30-day mean is 0.30%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 83% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.