February 19: After incurring a $1.78 million bad debt from an oracle configuration error, DeFi lending protocol Moonwell issued an incident update on X (formerly Twitter). The update noted a recovery plan has been posted to its governance forum, which includes integrating the Moonwell Apollo (MFAM) community into the Moonwell ecosystem (WELL). Moonwell Apollo’s treasury will immediately begin partial compensation, with additional payouts coming from protocol revenue. Additionally, MFAM holders and stkWELL stakers are set to receive compensation at a 1:1.5 ratio (MFAM to stkWELL).
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