What Is Moonwell Artemis (WELL)?
Moonwell Artemis, Moonwell’s first deployment, will be on Kusama’s The network, the sister network of Polkadot’s Moonbeam. Moonriver is where new products are expected to be incubated and developed prior to being deployed on Moonbeam.
Moonwell’s goal is to be the most user-friendly, fast, and secure DeFi protocol in the ecosystem. With this in mind, an emphasis was placed on having a high standard of security. Multi-signature systems are implemented for all smart contracts used by the protocol, with the expert cyber-security team at Halborn Security auditing all contracts before deployment.
Additionally, there is a generous bounty program through a partnership with the trusted team at ImmuneFi, which allows security researchers to submit their findings for review and earn a bounty for discovering security vulnerabilities.
| Coin Basic | Information |
|---|---|
| Coin Name | Moonwell Artemis |
| Short Name | WELL |
| Circulating Supply | N/A |
| Total Supply | 5,000,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Why Moonwell?
Moonwell’s Mission
Most DeFi platforms suffer from at least one of the following issues:
- Lack of security and trust
- Poor user experience
- Lack of education and information
- Poor community engagement
Security & Trust
The DeFi space has seen countless hacks and exploits. Security is Moonwell’s top priority. Moonwell has partnered with several top security firms to audit and provide ongoing smart contract support to ensure the best security practices are followed. Additionally, agent-based economic simulations allow the protocol to adapt and mitigate the risks of adverse economic conditions.
User Experience
Virtually every DeFi platform suffers from a poor user experience. Users are immediately flooded with information that is both overwhelming and overly-technical. Even experienced crypto users have difficulty navigating through a typical clunky and unintuitive DeFi website. Even first-time DeFi users will be able to use Moonwell.
Education & Information
Moonwell will be the well of knowledge for all things DeFi. Pools, liquidity mining, liquidations, collateral, supported assets — there are a lot of important, technical topics that need to be understood when using a lending and borrowing platform. Anyone in crypto will be able to easily follow and use the Moonwell protocol. The community is encouraged to add videos, tutorials, user guides, and announcements to the Moonwell website.
Community Engagement
The Moonwell community is where people can share their interests, passions, and ideas with each other. They want people to join our discord and telegram not only for information, but also to simply have fun, hang out, and be creative.
Charity
While DeFi has affected people financially, there’s no reason it can’t affect people physically and mentally too. The Moonwell community will propose and vote for charities to support.
Why Moonbeam?
Moonbeam is the first fully Ethereum Virtual Machine (EVM) compatible parachain on Polkadot.
Moonbeam combines the best of both worlds:
- 1.Polkadot’s scalability & interoperability.
- 2.Ethereum’s Ease-of-Use & developer community.
Users, developers, and infrastructure providers already familiar with Ethereum can easily use, deploy, and build on Moonbeam while benefiting from the scalability and interoperability of Polkadot.
Moonwell Artemis, our Moonbeam deployment, will be activated by the Moonwell community once favorable economic conditions on Moonbeam are met.
Why Moonriver?
Moonriver is Moonbeam’s sister network on Kusama.
As the first EVM compatible parachain on Kusama, Moonriver has attracted numerous projects, developers, and users.
Moonwell Apollo, our Moonriver deployment, will be our first deployment given Moonriver’s already sufficient DEX liquidity and Chainlink oracle support. Moonriver is where new products are expected to be incubated and developed prior to being deployed on Moonbeam.
Team
Luke Youngblood – Engineering
Former Coinbase Sr. Staff Engineer & AWS Principal Engineer
Built the Coinbase staking rewards infrastructure
Built the Tezos validator node infrastructure & launched the Tezos network
Built the Coinbase price oracle, providing Compound protocol with secure price feeds
Lucas Kozinski – Operations & Finance
Chief Operating Officer (COO) at Tokensoft Inc
Program Lead for the Tezos Betanet Launch
Former Management Consultant with Point B
Suzu – Marketing, Communications, Community
Marketing and communications specialist
Formerly Operations and Community at Solarbeam
