MoonwellDeFi Expands With EURC Lending On Base And Optimism

Finance

MoonwellDeFi Expands With EURC Lending On Base And Optimism

MoonwellDeFi, one of the fastest-growing lending platforms on the Base and Optimism networks, continues to make significant strides in the DeFi space.

The project has raised approximately $20 million in venture capital from crypto-native funds and boasts a core team of contributors with extensive experience from Coinbase, providing it with a solid foundation for growth.

With over $140 million in user deposits, Moonwell has recognized the importance of reliable, data-driven reporting for its stakeholders. This emphasis on transparency and continuous updates demonstrates the projects commitment to long-term sustainability and trust within its community.

Moonwell enters into a Data Partnership with Token Terminal

@MoonwellDeFi is one of the fastest growing lending projects on @base and @Optimism.

The project has raised ~$20m in venture capital from crypto-native funds, and its core contributors worked at

— Token Terminal | @ TOKEN2049 (@tokenterminal) September 16, 2024

In an exciting development, Moonwell recently activated a market for EURC, a euro-backed stablecoin issued by Circle, and the first lending app on Base to support it. EURC is compliant with the Markets in Crypto-Assets (MiCA) regulations, adding an extra layer of credibility and security for users. This move allows the Moonwell community to lend and borrow EURC, expanding the platforms offerings and bringing euro-denominated stablecoin lending to its user base.

A new market for EURC has been activated on Moonwell!

Moonwell is the first lending app on @Base to support EURC, a euro-backed stablecoin issued by @Circle and compliant with MiCA.

The Moonwell community can now lend and borrow EURC on @Base.

— Moonwell (@MoonwellDeFi) September 16, 2024

Moonwells integration of EURC marks a significant milestone, as it brings more diversity to the stablecoin lending ecosystem and offers users greater flexibility. With this addition, Moonwell continues to position itself as a key player in decentralized finance, particularly in the euro-backed stablecoin market.

As MoonwellDeFi continues to grow and innovate, its focus on user-centric solutions and regulatory compliance is helping to solidify its place among the top lending platforms in the DeFi space.