What Are Moonwell Rewards?
Moonwell distributes token rewards to suppliers and borrowers. These rewards are separate from the interest you earn on supplied assets.
Reward tokens may include WELL, MFAM, or other incentive tokens, depending on the current incentive programs.
How Rewards Work
Rewards accrue automatically for every block that your assets remain supplied or borrowed. Unlike interest, which compounds automatically through mToken balance growth, rewards must be claimed manually.
When you claim rewards, they're transferred to your wallet.
Two Ways to Claim Rewards
Method 1: Lend Page
Go to the Lend page in Moonwell.
Find the asset you supplied and earned rewards on.
Click Claim All Rewards next to the asset.
Confirm the transaction in your wallet.
Method 2: Portfolio Page
Go to your Portfolio page.
Locate the Rewards section.
Click Claim All Rewards.
Confirm the transaction in your wallet.
Both methods claim all available rewards across your supplied and borrowed assets.
Rewards vs. Interest
It helps to understand the difference:
Interest APY: Earned automatically and compounds through mToken growth. No action needed.
Rewards APY: Incentive tokens that accrue automatically but must be claimed manually. They don't auto-compound.
To make the most of your returns, claim your rewards regularly and consider re-supplying them to earn additional interest.
Key Points
Rewards accrue continuously but require manual claiming.
You can claim rewards anytime, as often as you wish.
There are no penalties for claiming rewards.
Unclaimed rewards remain in the protocol until you claim them.