About this explorer

The Rails Moonwell explorer shows every account on Moonwell's Ethereum deployment, whether still open, closed or liquidated, and the full history of each one. It also shows every market, with what it holds and how much of it is borrowed.

How it works

• Moonwell is a lending protocol. People supply crypto to a market to earn interest, and others borrow from it. One account on this page is everything one wallet (the address that holds the account) has supplied and owes across its four markets: WETH, USDC, USDT and cbBTC.
• A supplier receives mTokens, a receipt that redeems for more of the asset as borrowers pay interest. A supply backs borrowing only once the wallet switches it on as collateral.
• The Comptroller counts all of a wallet's collateral against all of its debt. One health factor then scores the whole account.
• Dollar values use the prices of an oracle. The Comptroller uses the same prices to decide liquidation, when a liquidator repays part of the debt and takes some collateral.

Glossary

Market

: A market is the shared pool of one asset, such as USDC, that suppliers lend into and borrowers draw from. Each market has its own interest rates, which move with how much of the pool is borrowed. Docs: Moonwell Core, Are interest rates stable?

mToken

: An mToken is the receipt a market gives a supplier in exchange for the asset. It can be transferred like any token, and it redeems for a growing amount of the asset as borrowers pay interest. Docs: mTokens

Comptroller

: The Comptroller is the contract that checks every supply, borrow, repayment and liquidation. It also works out how much each wallet may borrow against what it supplied. Docs: Comptroller

Collateral

: Collateral is the supplied assets a wallet has switched on to back its borrowing. A supply that is not switched on still earns interest but backs no borrowing. The collateral factor is the share of an asset's value that counts toward borrowing. Docs: How to borrow, Collateral factor

Health factor

: The health factor scores how safe an account is. It is the credit limit, the most the account may borrow, divided by what it owes. Below 1 the account owes more than its credit limit allows, so it can be liquidated. Docs: Credit limit

Liquidation

: A liquidation happens when an account's health factor falls below 1. A liquidator repays part of the debt and receives some of the account's collateral as a bonus, which the borrower bears. Docs: Avoiding liquidation, Liquidation incentive

Oracle

: An oracle is a contract that reports asset prices. The Comptroller reads the oracle's prices to value collateral and debt, and to decide when to liquidate. Docs: Comptroller

You can search by wallet address. The listing filters by Status (open, closed or liquidated), Debt and Collateral by size in US dollars, Supplying and Borrowing by market, History (liquidated before, which keeps accounts liquidated at least once) and Transactions (which keeps accounts whose transaction count falls in a range), and sorts by recent activity, debt or collateral.

Tap the (i) beside any figure to see where it comes from. Inside, the ? explains that kind of event in general.