Moonwell Apollo

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Moonwell Apollo's governance or utility token carries a market capitalisation of $30.5K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($30.5K) is small relative to deposits secured by the protocol ($687.8K); a mcap/TVL multiple of 0.04× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Feb 12, 2022
   Listed on DeFiLlama

Moonwell Apollo is a Lending protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Moonriver. The codebase has been independently audited (2 reports on file).

Moonwell Apollo is a single-chain protocol, deployed exclusively on Moonriver — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Moonriver, Moonriver-borrowed, borrowed), so a fault on any one of them would affect a large slice of users. Price feeds come from a single oracle provider (Chainlink); an outage or manipulation of that feed would propagate into every market the protocol prices. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale. Its token market cap ($30.5K) is small relative to TVL ($687.8K) — a mcap/TVL ratio of 0.04 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Moonwell Apollo — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Moonwell Apollo is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, Morpho V1, JustLend, and 3 more. These peer protocols collectively secure $43.4B in deposits, giving you a frame of reference for whether Moonwell Apollo's own TVL is at the top, middle, or tail of the category.

Aave V3

TVL $26.2B · 24h +0.16%

Morpho V1

TVL $7B · 24h +0.57%

JustLend

TVL $3.4B · 24h +1.86%

Maple

TVL $2.4B · 24h -1.17%

SparkLend

TVL $2.2B · 24h +3.62%

Kamino Lend

TVL $2.1B · 24h -0.02%