Moonwell has a bold mission to reshape the decentralized finance (DeFi) ecosystem by placing user experience and global accessibility at the forefront. More than 100,000 WELL token holders now govern the platform. It is in the midst of a huge overhaul focused on creating a much better native experience for iOS and Android devices. This enhancement, along with translations into Spanish, Portuguese, Korean, and Chinese, reflects Moonwell’s dedication to offering solutions for a global audience. Combined with smart contracts, Moonwell can automate thousands of loans per day, providing instant cross-border settlements and cheaper remittances. Moonwell supports passkey wallets, cloud backups, and an intents-based system to simplify wallet interactions. Our users can onboard for as little as $20 allowing them to run thousands of transactions for mere pennies. Moonwell’s decentralized infrastructure is fully self-custodial and permissionless. It gives consumers tangible, meaningful control over their financial lives and generates nimble infrastructures that increase consumer trust.

Enhancing User Experience and Accessibility

Moonwell’s most recent advances have all been on making the powerful protocols of DeFi more accessible to the consumer and user. The platform is designed to facilitate a user-friendly, intuitive experience, giving access to the platform’s tools and capabilities to users of all technical abilities. Moonwell enables first-time users to create a passkey wallet, enable cloud backup, and begin using the app without needing to purchase ETH or manage transaction fees. This intuitive process greatly reduces the barrier to entry, expanding the pool of potential participants who can engage with decentralized finance.

The beautiful experience doesn’t stop there. The native iOS and Android apps round out a frictionless and intuitive experience. They’re just as far from the experience of using a mobile banking app. By abstracting away the complexities of blockchain technology, Moonwell empowers users to manage their digital assets with ease and confidence. This user-first design approach forms the core of Moonwell’s broader mission to make DeFi easy, safe, and accessible to everyone.

The addition of Spanish, Portuguese, Korean, and Chinese translations of Moonwell is just the latest evidence of its dedication to accessibility around the world. Moonwell welcomes users to their platform with a multi-lingual splash. This is to help ensure the tool can be used by a wide array of users, and that language barriers don’t keep people from accessing their services. This global footprint embodies Moonwell’s mission of building a truly inclusive financial ecosystem.

Streamlining Transactions and Reducing Costs

At Moonwell, we’re dedicated to creating innovative financial solutions that are more affordable and inclusive. Furthermore, transactions on the platform are just a cent or two. This stands in stark contrast to the exorbitant fees often seen when operating on-chain. Moonwell provides excellent affordability, greatly increasing its attractiveness compared to conventional financial services. This is particularly helpful to people living in places with limited access to banking infrastructure.

Through its intents-based system, the platform enables bundling of transactions, which minimizes costs and enhances operational efficiencies even more. It is this powerful new technique that minimizes gas usage on the blockchain to create faster and much cheaper transaction experiences for end users. By keeping transaction costs as low as possible, Moonwell can guarantee that its services are available to the poorest of the poor.

Moonwell can mint loans worth a combined $1 million in a single day. It does this automatically via smart contracts, which proves the efficiency and scalability of its infrastructure. This automated loan origination process minimizes administrative overhead and enables faster disbursement of funds to borrowers. The combination of low transaction costs and automated processes puts Moonwell at the forefront of innovation.

Decentralized Infrastructure and Real-World Applications

Moonwell’s decentralized infrastructure is rooted in the ethos of self-custody and permissionless access. Unlike traditional platforms, users retain full ownership and control of their digital assets. This allows them to use the platform without having to get permission from intermediaries. This self-custodial approach enables users to take control of their finances in a private and secure manner.

Under the hood, the platform’s architecture allows for building resilient systems that make users feel invulnerable. Moonwell’s protocol is purposefully designed to be resilient and secure. This thoughtful design approach reassures users and gives them peace of mind that the platform will keep their assets secure. This emphasis on security and reliability is key to fostering trust in the DeFi ecosystem and spurring broader adoption.

Moonwell’s infrastructure is more than capable of rejuvenating the market with real-world applications, such as tokenized stocks. Additional major features include KYC (Know Your Customer) functionality with bank integration happening behind the scenes. This is what makes it great for financial regulated products. This flexibility undoubtedly makes Moonwell one of the most useful financial bridges between traditional finance and the decentralized universe.