What is the current price of Moonwell (WELL)?

The current price of Moonwell (WELL) is 0.04078630715453536 AUD, representing a -0.14 from the day prior.

Can I buy Moonwell (WELL) on Coinstash?

Yes - you can easily buy and sell Moonwell (WELL) on Coinstash. Simply login or sign up, to start buying Moonwell (WELL) in minutes.

Where is the best place to buy Moonwell (WELL) in Australia?

The best place to buy Moonwell (WELL) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Moonwell (WELL) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Moonwell (WELL)?

The trading volume of Moonwell (WELL) is 8.0M AUD in the last 24hrs, representing a -0.14 from the day prior.

How can I buy Moonwell (WELL)?

Moonwell (WELL) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Moonwell (WELL)?

The current market cap of Moonwell (WELL) is 136.8M AUD.

Can I convert Moonwell (WELL) to cash?

Yes - With Coinstash you can convert your Moonwell (WELL) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Moonwell (WELL) are there?

The current circulating supply of Moonwell (WELL) is 3.3B.

Is Coinstash a safe place to buy Moonwell (WELL) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Moonwell (WELL) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Moonwell (WELL)

What is Moonwell?

Moonwell is an open lending and borrowing protocol built on Base, Optimism, Moonbeam, and Moonriver. It provides a user-friendly interface for conducting on-chain financial transactions, enabling users to lend and borrow digital assets while retaining control over their funds.

How does Moonwell work?

Moonwell operates using a non-custodial architecture, meaning users maintain control over their assets. It leverages smart contracts to manage lending and borrowing activities. The protocol employs an algorithmic interest rate model and risk management features to adjust interest rates and ensure sufficient collateralization. It also facilitates community-driven governance through its WELL token, allowing holders to propose and vote on protocol changes.

What are the potential use cases for Moonwell?

Moonwell's use cases span across decentralized finance (DeFi), enabling secure and efficient lending and borrowing of cryptocurrencies. It supports financial transactions by offering fast and low-cost alternatives to traditional banking systems. The protocol's smart contracts aid in managing collateral and automating financial processes, while its governance features empower users to partake in protocol decision-making.

What is the history of Moonwell?

Moonwell was developed by a team with experience from companies like Coinbase and AWS, launching in early 2021. Despite initial challenges, it quickly gained traction, reaching 10,000 users within six months. The protocol established a Grants Program for ecosystem development and partnered with Token Terminal for data analytics. Over time, Moonwell has implemented Layer 2 solutions and optimized algorithms to enhance scalability and efficiency, focusing on community-driven development and education to advance its mission.