EconomyDeFi lender proposes bad-debt fix, but user USDC funds remain locked

Moonwell’s MIP-X66 governance proposal would change risk settings and interest models and use protocol reserves to recapitalize its USDC market. A projection suggests monthly interest accruing on bad debt across seven Base markets could fall by about 85%, but supplier repayments and a restart of Base borrowing remain unresolved.

DeFiMoonwellUSDCbad debt

CCryptoSlate★★☆☆☆2026-09-07 20:05Original