Moonwell Lending
Overview
TVL
$13.4M
Down 72% over 90 days
Live since
2022
Lent out to borrowers$26.4M· not in TVL
Staked governance tokens$2.0M· not in TVL
TVL, last 90 days
Moderate
Full data
Security
AuditsAudited by Halborn, February 2022Audit page 1Audit page 2
Contract statusAll contracts verified, upgradeableComptroller (Unitroller) 0xfBb2…F26C
Upgrades controlled byOn-chain governance, behind a timelock0x8b62…7d51
MultisigNone — changes are decided by an on-chain vote
Timelock24 hours before changes take effect
Track record
Through market stressCame through all 4FTX collapse (Nov 2022) — deposits grew 30%USDC depeg (Mar 2023) — kept 73% of its depositsAugust 2024 crash — deposits grew 18%October 2025 liquidation cascade — kept 49% of its deposits
Exploit history
- 27 Aug 2026 — Spot Price Manipulation$8.7M lost · No reimbursement recorded
- 15 Feb 2026 — Oracle Misconfiguration$1.8M lost · No reimbursement recorded
- 4 Nov 2025 — Spot Price Manipulation$1.0M lost · No reimbursement recorded