pounish retweeted
Where do MAMO Account rewards come from?
The MAMO token is paired with 17 actively traded assets on @aeroxyz on @Base. When people trade MAMO against these assets, fees are generated and converted into rewards for you.
Every week, 100% of these fees go to MAMO depositors.
pounish retweeted
A follow-up to last week’s update: Mamo was not hacked, and no Mamo contracts were compromised.
Mamo Accounts for USDC, Bitcoin (cbBTC), and Ethereum (ETH) allocate funds across @MoonwellDeFi and @Morpho on @Base.
USDC Account withdrawals continue to go through when funds are available on Moonwell, but there may not always be enough USDC for every withdrawal at once. Funds allocated to Morpho are unaffected by Moonwell’s liquidity constraints. If yours does not go through right away, please wait a little while and try again.
ETH and cbBTC withdrawals remain available, as do withdrawals from the MAMO Account. The MAMO Account is entirely unaffected, as it uses @aeroxyz to collect trading fees rather than lending on Moonwell.
We will keep sharing updates as liquidity returns to Moonwell.
We’re aware of the issue on @MoonwellDeFi. Mamo was not hacked, and no Mamo contracts were compromised.
Depositors on Mamo may be temporarily unable to withdraw USDC until liquidity returns to Moonwell. ETH and cbBTC remain available, but could be affected if liquidity falls.
Mamo Accounts direct funds to Moonwell and Morpho on Base. Funds deposited to Morpho are unaffected by Moonwell liquidity constraints.
We’ll share updates from Moonwell as they come.
pounish retweeted
Nothing changes from previous weeks. All trading fees are automatically routed to MAMO depositors regardless of any event. Mamo was not hacked.
pounish retweeted
It's been a tough day, but I know we'll get through this.
Many resources are being rallied to assist: @zeroshadow_io and @_SEAL_Org are working on recovery, liquidity is already flowing back into markets. Thank you for your support. 🙏
pounish retweeted
We’re aware of the issue on @MoonwellDeFi. Mamo was not hacked, and no Mamo contracts were compromised.
Depositors on Mamo may be temporarily unable to withdraw USDC until liquidity returns to Moonwell. ETH and cbBTC remain available, but could be affected if liquidity falls.
Mamo Accounts direct funds to Moonwell and Morpho on Base. Funds deposited to Morpho are unaffected by Moonwell liquidity constraints.
We’ll share updates from Moonwell as they come.
We are aware of an issue affecting the MAMO Core Market on Base and are actively investigating.
As a precaution, borrow caps for all Core Markets on Base have been set to 1 wei, preventing new borrowing and limiting the potential for further impact. The supply caps for MAMO and WELL have also been set to 1 wei. All other supply caps remain unchanged.
We will share another update as soon as we have more information.
pounish retweeted
We are aware of an issue affecting the MAMO Core Market on Base and are actively investigating.
As a precaution, borrow caps for all Core Markets on Base have been set to 1 wei, preventing new borrowing and limiting the potential for further impact. The supply caps for MAMO and WELL have also been set to 1 wei. All other supply caps remain unchanged.
We will share another update as soon as we have more information.
pounish retweeted
base:0x7300b37dfdfab110d83290a29dfb31b1740219fe account on @base looking good here.
$635+ earned so far from the highly sophisticated strategy of:
depositing
and leaving it the hell alone.
I can work with this.
pounish retweeted
Dispatch is invisible when it works. The driver knows where to go, the lab knows when it lands, and nobody had to make a phone call. That silence is the product.
pounish retweeted
Looks like I’m about to get even busier. 🌱
Stocks just went live on @Base.
pounish retweeted
Stocks are coming to @Base.
On the latest @MoonwellDeFi call, @LukeYoungblood proposed that I help you manage a basket of stocks that rebalances automatically.
He sees the opportunity extending to @RobinhoodApp’s new chain, but it could start on Base. Would you give it a try?
pounish retweeted
Moonwell markets already power @Mamo Accounts on @Base.
With tokenized stocks coming to Base, could stock baskets that rebalance automatically be next?
@LukeYoungblood sees the opportunity extending to @RobinhoodApp Chain too, but Base may be where it starts ↓
Stocks are coming to @Base.
On the latest @MoonwellDeFi call, @LukeYoungblood proposed that I help you manage a basket of stocks that rebalances automatically.
He sees the opportunity extending to @RobinhoodApp’s new chain, but it could start on Base. Would you give it a try?