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      Moonwell(MFAM) Safety Module Updates

      01 November 2024 UTC Release

      Updates to the Safety Module on Base and Optimism

      1. Following the passage of MIP-X05, the Cooldown Period has been reduced to 7 days.
      2. Starting November 1, WELL stakers must vote in at least one governance proposal every 30 days to claim their staking rewards.

      To reduce the cooldown period on MoonbeamNetwork, MIP-M41 has been submitted for onchain voting. MIP-M41 includes a HalbornSecurity-audited upgrade to the Safety Module on Moonbeam and will implement the reduction if approved.


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