Odaily Planet Daily reports that after a bad debt of approximately $1.78 million caused by an oracle configuration error, the DeFi lending protocol Moonwell released an incident response update on the X platform. It states that the recovery plan has now been 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).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Web3 Foundation Strategic Adjustment: Transferring governance support for Polkadot, Polkadot Wiki, and several other projects
The Web3 Foundation announced a strategic realignment on March 7, focusing on Web3 promotion, resource management, and long-term vision, transferring several projects to other teams to ensure healthy ecosystem development.
GateNews12m ago
Pi Network Eyes DEX Launch as Price Jumps 35% This Week
Pi Network news today reports that it is seeing renewed attention. As its ecosystem prepares for a major update. Over the past week, the Pi coin price has surged by more than 35%. It is driven by strong retail demand and growing excitement around upcoming upgrades. The latest momentum comes as the n
Coinfomania43m ago
Boundless becomes the largest fully decentralized ZK proof network, with a daily proof capacity of over 400 trillion computation cycles.
Boundless officially released a progress report on March 7, stating that its network is the largest decentralized ZK proof network, with throughput increased by 80-100 times, and daily proof capability exceeding 400 trillion times. At the same time, several mainstream chains such as Citrea and Wormhole have integrated with Boundless, and new positions for Vice President of Engineering and Protocol Engineer have been added.
GateNews1h ago
Vitalik proposes replacing Casper FFG with Minimit to upgrade Ethereum's finality mechanism
Vitalik Buterin proposed on the X platform to replace Ethereum's finality component Casper FFG with Minimmit, claiming it offers better security and recoverability. Minimmit requires only one round of signatures, reducing the fault tolerance threshold to about 17%, which can enhance the network's competitiveness and coordinated recovery ability under attack.
GateNews6h ago
BlackRock updates its Ethereum staking ETF application documents, lowering the staking fee from 18% to 10%
Gate News Report, March 7 — Bloomberg analyst James Seyffart announced on X platform that BlackRock has updated its application documents related to the Ethereum Staking ETF (ETHB). The latest documents show that the staking fee for this product will be adjusted to 10% of staking rewards and may offer tiered fee discounts based on scale. In previous versions of the documents, the staking fee for this ETF was 18% of total staking earnings. This fee reduction is seen as part of BlackRock’s Ethereum product structure optimization.
GateNews6h ago
