What Is Moonwell Artemis (WELL)?
Moonwell Artemis uses battle tested code from the Moonwell Apollo protocol to provide an open, non-custodial lending and borrowing DeFi protocol. While Apollo is a community driven protocol with innovative features, Artemis users will enjoy polished features with faster transaction times, while still preserving the same level of security.
Moonwell 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.
Moonwell Artemis Storage Key Points
|Coin Name||Moonwell Artemis|
|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|
|Official Project Website||Click Here To Visit Project Website|
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.
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.
The Moonwell community is where people can share their interests, passions, and ideas with each other. We want people to join our discord and telegram not only for information, but also to simply have fun, hang out, and be creative.
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 Polkadot & Kusama?
Polkadot is a Layer 0 blockchain that allows other blockchains (parachains) to seamlessly communicate and send assets to each other. Polkadot’s interoperability, security, and low transaction fees make it the ideal infrastructure for the multi-chain world of Web 3.0.
Kusama is Polkadot’s canary network. Kusama’s lower barrier of entry relative to Polkadot has resulted in rapid innovation and growth with no signs of slowing down.
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, The Moonbeam deployment, will be activated by the Moonwell community once favorable economic conditions on Moonbeam are met.
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, Moonriver deployment, will be our first deployment given already sufficient DEX liquidity and Chainlink oracle support. This is where new products are expected to be incubated and developed prior to being deployed on Moonbeam.