Moonwell’s Bold $2.3M Plan to Counter Frax Hack Debt Sparks Controversy
1 year ago
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Moonwell, a decentralized finance (DeFi) borrowing and lending protocol, is facing controversy over its proposal to use $2.3 million worth of digital asset collateral to offset bad debt from Frax Finance (FRAX) pools due to a hack nearly two years ago. In a plebiscite held on December 31, 2023, Moonwell sought community approval to use […]
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