Moonwell Token Lists on Kraken: A New Era for DeFi

WELL, the native token of the decentralized lending and borrowing protocol Moonwell, is now available for trading on the popular cryptocurrency exchange Kraken. The trading of WELL will commence at 15:00 UTC on February 26, 2025. Users can add WELL to their Kraken accounts by navigating to the Funding section, selecting the asset, and hitting 'Deposit'. It is crucial to deposit tokens into networks supported by Kraken to avoid loss.

Moonwell, built on Base, Optimism, Moonbeam, and Moonriver, offers a secure and user-friendly experience for users to lend, borrow, and earn rewards. The protocol emphasizes non-custodial asset control, on-chain transparency, and governance-driven upgrades, making DeFi more accessible and empowering users with financial freedom.

Kraken has announced that more assets will be made available in the future, but the exchange maintains a policy of not revealing any details until shortly before launch. Users can find all of Kraken's available tokens on their website and stay updated on future listings through their Listings Roadmap and social media profiles. Kraken's client engagement specialists will not answer any questions about future asset availability.

It is essential to note that these materials are for general information purposes only and should not be considered investment advice or a recommendation to buy, sell, stake, or hold any cryptoasset. Kraken does not work to increase or decrease the price of any particular cryptoasset it makes available. The unpredictable nature of the cryptoasset markets can lead to loss of funds, and tax may be payable on any return and/or increase in the value of your cryptoassets. Geographic restrictions may apply. Always seek independent advice on your taxation position and review the Legal Disclosures for each jurisdiction.