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).
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