What Is Moonwell Artemis(WELL)? Complete Guide & Review About Moonwell Artemis

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.

Important Points Table Of Moonwell Artemis

Basic	Points
Coin Name	Moonwell Artemis
Short Name	WELL
Total Supply	5,000,000,000
Explorer	Click Here To View
Documentation	View Document
Website	Click Here To Visit

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Why Moonwell?

Moonwell’s Mission

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.

User Experience

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.

Community Engagement

The Moonwell community is where people can share their interests, passions, and ideas with each other. They want people to join the discord and telegram not only for information, but also to simply have fun, hang out, and be creative.

Charity

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.

Why Moonbeam?

Moonbeam is the first fully Ethereum Virtual Machine (EVM) compatible parachain on Polkadot.

Moonbeam combines the best of both worlds:

1. 1.Polkadot’s scalability & interoperability.
2. 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.

Why Moonriver?

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 Moonriver’s already sufficient DEX liquidity and Chainlink oracle support. Moonriver is where new products are expected to be incubated and developed prior to being deployed on Moonbeam.

Team

Luke Youngblood – Engineering

• Former Coinbase Sr. Staff Engineer & AWS Principal Engineer
• Built the Coinbase staking rewards infrastructure
• Built the Tezos validator node infrastructure & launched the Tezos network
• Built the Coinbase price oracle, providing Compound protocol with secure price feeds

Lucas Kozinski – Operations & Finance

• Chief Operating Officer (COO) at Tokensoft Inc
• Program Lead for the Tezos Betanet Launch
• Former Management Consultant with Point B

Suzu – Marketing, Communications, Community

• Marketing and communications specialist
• Formerly Operations and Community at Solarbeam

Moonwell’s core team also includes several former Coinbase and Google blockchain engineers specialized in DeFi and security.Moonwell is also partnered with (RBL), the same team that built Benqi, the lending & borrowing protocol on Avalanche. RBL provides some of the most experienced developers and designers in the crypto space.