TechFlow reports that on February 19, following an oracle configuration error that resulted in approximately $1.78 million in bad debt, the DeFi lending protocol Moonwell published an incident response update on X. The update states that the recovery plan has now been posted on the governance forum. It includes integrating the Moonwell Apollo (MFAM) community into the Moonwell ecosystem (WELL); the Moonwell Apollo Treasury will immediately initiate partial compensation, with ongoing compensation to be funded by protocol revenue. Additionally, MFAM holders and stkWELL stakers are slated to receive compensation at a 1:1.5 ratio (MFAM:stkWELL).
Add to Favorites
Share to Social Media
