Moonwell: Recovery Plan Submitted to Governance Forum and Partial Compensation Initiated
BlockBeats News, February 19th: Following a $1.78 million bad debt due to an oracle configuration error, the DeFi lending protocol Moonwell released an incident handling update on Platform X, stating that a recovery plan has now been published on the governance forum. This plan includes integrating the Moonwell Apollo (MFAM) community into the Moonwell ecosystem (WELL). The Moonwell Apollo Treasury will immediately initiate partial compensation, with further compensation to be provided through protocol revenue. Additionally, MFAM holders and stkWELL stakers are expected to receive compensation at a 1:1.5 ratio (MFAM:stkWELL).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BOKU INC <BOKU.L>: BERENBERG RAISES TARGET PRICE TO 210P FROM 200P
Why Is NVIDIA Getting Cheaper While Apple Hits New All-Time Highs
VULCAN MATERIALS CO <VMC.N>: JEFFERIES CUTS TARGET PRICE TO $320 FROM $345
Oncoinvent shares trade ex-rights for planned subsequent offering
