Moonwell Suffers $1.78M Loss After Chainlink Oracle Misconfiguration

Moonwell has released a recovery plan following a $1.78 million bad debt caused by an oracle misconfiguration. The strategy includes integrating the MFAM community into the WELL ecosystem, immediate partial compensation from the Apollo Treasury, and ongoing reimbursement using protocol income. MFAM holders and stkWELL stakers will be compensated at a 1:1.5 ratio, aiming to offset losses, streamline governance, and reinforce operational stability.

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