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DeFi
Moonwell to Launch USDC-Based Credit Facility on Base Network via Morpho Labs
New vault provides borrowing capability for WELL token holders, deepening the DeFi infrastructure and utility on the growing Layer 2 ecosystem.
October 3, 2025
Companies mentioned:
Moonwell is launching a USDC Vault on the Base network, built on Morpho Labs infrastructure.
The new product creates a public credit facility for WELL token holders to borrow against their assets.
The launch represents a continued expansion of Moonwell's suite of DeFi vaults and products on Base.
Moonwell is set to launch a new USDC Vault on the Base network, leveraging infrastructure from the DeFi protocol Morpho Labs. The vault will establish a public credit facility, enabling holders of the native WELL token to borrow USDC against their holdings.
This development enhances the utility of the WELL token by providing a direct mechanism for holders to access liquidity without selling their assets. The move is part of Moonwell's broader strategy to build out a comprehensive suite of DeFi vaults and financial products on the Base ecosystem.
The launch signals a growing trend of DeFi protocols deploying more sophisticated financial tools on Layer 2 networks. By using Morpho Labs, Moonwell aims to create more efficient lending and borrowing markets, contributing to the maturation and depth of the DeFi infrastructure on Base.
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