Deep Tide TechFlow News, February 19 — Following a bad debt of approximately $1.78 million caused by an oracle configuration error, DeFi lending protocol Moonwell has released an incident response update on the X platform. It states that the recovery plan is now published on the governance forum, which 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 provided through protocol revenue. Additionally, MFAM holders and stkWELL stakers are expected to receive compensation at a ratio of 1:1.5 (MFAM:stkWELL).
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Deep Tide TechFlow News, February 19 — Following a bad debt of approximately $1.78 million caused by an oracle configuration error, DeFi lending protocol Moonwell has released an incident response update on the X platform. It states that the recovery plan is now published on the governance forum, which 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 provided through protocol revenue. Additionally, MFAM holders and stkWELL stakers are expected to receive compensation at a ratio of 1:1.5 (MFAM:stkWELL).