Moonwell Community Initiates Emergency Risk and Reserve Proposal Vote

The DeFi lending protocol Moonwell community has initiated a vote on the "Emergency Risk and Reserve Proposal." The proposal includes applying the latest risk and reserve recommendations from Anthias Labs to the Moonwell trading pairs on the Base and OP mainnets. Changes include updating risk parameters for trading pairs with limited liquidity, higher oracle risks, or those being gradually phased out; updating the interest rate model on the Base mainnet to reduce excessive interest accrual from outstanding bad debts; and extracting available protocol reserves from the Base and OP mainnets, converting them to USDC for capital restructuring in the USDC market. The resulting USDC will be used to repay bad debts in the USDC market.

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