Moonwell, a decentralized lending protocol known for its operations on Polkadot's Moonbeam and Coinbase's Base network, is set to expand to Ethereum mainnet. The governance proposal MIP-E00 seeks approval to deploy lending markets for ETH, USDC, USDT, and cbBTC on Ethereum. Voting began on May 28 and will conclude on May 30, with early results showing overwhelming support at 99.9% in favor. Approximately 70 addresses have participated, primarily using stkWELL voting power from Base. This move follows Moonwell's recent governance migration from Moonbeam to Ethereum, completed on May 21 via proposal MIP-X58. This strategic shift allows Moonwell to execute decisions directly on Ethereum. The protocol's expansion to Ethereum positions it against established players like Aave and Compound, though specifics on market parameters remain undisclosed. The proposal's success hinges on reaching a quorum of 65.2 million WELL tokens.