# \[Anthias Labs\] Reserve Recommendations 5/28/26 **URL:** \ **Category:** Proposals\ **Created:** [May 28, 2026, 4:52pm UTC](https://forum.moonwell.fi/t/anthias-labs-reserve-recommendations-5-28-26/2173 "2026-05-28T16:52:31Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [May 28, 2026, 4:52pm UTC](https://forum.moonwell.fi/t/anthias-labs-reserve-recommendations-5-28-26/2173/1 "2026-05-28T16:52:31Z")
# Reserve Recommendations June 2026 This proposal outlines targeted actions to address Moonwell’s outstanding bad debt on Base while continuing remediation efforts for users affected by the cbETH incident. Currently, the protocol has approximately $5.1M in bad debt across its core markets, and $738K in reserves. We propose two key initiatives: (1) using protocol reserves to repay $550K of bad debt from addresses with zero collateral, and (2) withdrawing 1.45 cbBTC from the reserves and swapping it to WETH in preparation for distribution to users affected by the cbETH incident. This swap, along with the ~10 ETH already recovered from law enforcement, will be distributed in a future round once the final WETH amount is confirmed after the swap. ## Bad Debt & Reserves The table below summarizes the current status of bad debt and reserves in Moonwell’s core markets on Base. | Market | Price | Bad Debt (tokens) | Bad Debt (USD) | Current Reserves (tokens) | Current Reserves (USD) | | --- | --- | --- | --- | --- | --- | | cbETH | $ 2,376.95 | 673.4712991 | $ 1,481,636.86 | 1.0905 | $ 2,592.06 | | cbXRP | $ 1.35 | 757382.1247 | $ 1,029,131.86 | 3147.9683 | $ 4,256.05 | | VIRTUAL | $ 0.75 | 1257220.032 | $ 990,374.80 | 16652.5804 | $ 12,489.44 | | WETH | $ 2,101.47 | 242.0337972 | $ 514,770.80 | 74.4075 | $ 156,364.76 | | MORPHO | $ 2.29 | 119637.2844 | $ 271,043.06 | 14771.2359 | $ 33,870.44 | | USDC | $ 1.00 | 231878.8672 | $ 231,807.00 | 69573.3004 | $ 69,573.30 | | wstETH | $ 2,595.53 | 82.11552531 | $ 215,755.17 | 35.6428 | $ 92,511.89 | | AERO | $ 0.44 | 472534.323 | $ 208,909.13 | 305721.6534 | $ 134,211.81 | | EURC | $ 1.16 | 168241.3441 | $ 195,935.66 | 25767.0938 | $ 29,915.60 | | cbBTC | $ 76,612.75 | 0.3129057585 | $ 24,264.67 | 1.7786 | $ 136,263.44 | | DAI | $ 1.00 | 1529.945898 | $ 1,529.35 | 1955.369 | $ 1,955.37 | | USDS | $ 1.00 | 1056.937176 | $ 1,056.50 | 164.875 | $ 164.88 | | tBTC | $ 76,476.61 | 0.01211561 | $ 942.73 | 0.0878 | $ 6,714.65 | | WELL | $ 0.00 | 23604.08201 | $ 107.79 | 2860027.174 | $ 11,440.11 | | weETH | $ 2,301.54 | 0.00331817 | $ 7.73 | 7.0507 | $ 16,227.48 | | rETH | $ 2,446.19 | 0.0009361799 | $ 2.31 | 4.1893 | $ 10,247.84 | | LBTC | $ 76,919.32 | 0.0000155425 | $ 1.21 | 0.2117 | $ 16,283.82 | | wrsETH | $ 2,253.25 | 0.0004682241 | $ 1.07 | 1.1744 | $ 2,646.22 | | USDbC | $ 1.00 | 0.0335857356 | $ 0.03 | 3.271 | $ 3.27 | | VVV | $ 19.81 | 0 | $ - | 26.9944 | $ 534.62 | | | | | | | | | TOTAL | | | $ 5,167,277.74 | | $ 738,267.02 | ## Bad Debt Repayment We recommend that the protocol use its reserves to repay the bad debt on behalf of the following addresses. These addresses are currently supplying no collateral, which means their debt positions can be safely repaid without risk to the protocol. This action will help recapitalize the affected markets. The total bad debt repayment for this proposal amounts to approximately $550K. | **Address** | **Repayment Amount** | **Repayment Token** | **Repayment USD** | | --- | --- | --- | --- | | 0x3b87f7d473550ef9e53e46baae856608f8b8a0c4 | 74.4075 | WETH | $ 156,365.13 | | 0xa98e339f5a0f135792286d481b4e23d91a667d3f | 262817.3242 | AERO | $ 115,639.62 | | 0x42ecd332d47c91cbc83b39bd7f53cebe5e9734bb | 35.6428 | wstETH | $ 92,511.89 | | 0xedb0c9bbee5a799340480efc31c0e07cad54d646 | 43865.80597 | USDC | $ 43,865.81 | | 0xa98e339f5a0f135792286d481b4e23d91a667d3f | 14771.2359 | MORPHO | $ 33,870.44 | | 0x42ecd332d47c91cbc83b39bd7f53cebe5e9734bb | 25767.0938 | EURC | $ 29,915.60 | | 0x8c40a7d8c37b30c8a4b228ca0885e65444a676a0 | 25707.49443 | USDC | $ 25,707.49 | | 0x42ecd332d47c91cbc83b39bd7f53cebe5e9734bb | 42904.3292 | AERO | $ 18,835.00 | | 0xa98e339f5a0f135792286d481b4e23d91a667d3f | 16652.5804 | VIRTUAL | $ 12,489.44 | | 0x6a8ee608d88db389796b9c02a1aaa36b89ac660c | 0.14764634 | cbBTC | $ 11,311.59 | | 0x5877022fe1a776e5275ed535b50d83a69634089c | 0.12540986 | cbBTC | $ 9,607.99 | | | | | | | TOTAL | | | $ 550,120.00 | ## cbETH Remediation We also propose distributing the next round of WETH to users affected by the cbETH incident. To facilitate this, we recommend that the protocol withdraw 1.45 cbBTC and swap it for WETH (1.45 cbBTC ≈ 53.33 WETH). In addition, the protocol has recovered 9.99984 ETH from law enforcement, which will also be distributed to affected users. This brings the total distribution for this round to 63.33 WETH. Current repayment progress: - WETH distributed so far: 169.26714134 - Remaining to be repaid: 1,208.01108186 We are currently 12.29% of the way toward full repayment. This proposed round will increase progress to approximately 16.9%. ---
**Author:** ![hungvoooo](https://avatars.discourse-cdn.com/v4/letter/h/e495f1/32.png) [@hungvoooo](https://forum.moonwell.fi/u/hungvoooo)\ **Post date:** [May 29, 2026, 7:25am UTC](https://forum.moonwell.fi/t/anthias-labs-reserve-recommendations-5-28-26/2173/2 "2026-05-29T07:25:17Z")
In my opinion, waiting this long for an additional 4.3% repayment is a slap to our faces. At least match the initial 12.29%… at this pace if its 4% every 2 months it might be 5 years forreals. ---
**Author:** ![horikorg](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/horikorg/32/4157_2.png) [@horikorg](https://forum.moonwell.fi/u/horikorg)\ **Post date:** [May 29, 2026, 11:38am UTC](https://forum.moonwell.fi/t/anthias-labs-reserve-recommendations-5-28-26/2173/3 "2026-05-29T11:38:20Z")
There was absolutely no discussion between the team and the victims, and after being made to wait for two months, they unilaterally announced a repayment of only 4%. Is this what DAO is like? ---
**Author:** ![HijackJetten](https://avatars.discourse-cdn.com/v4/letter/h/58956e/32.png) [@HijackJetten](https://forum.moonwell.fi/u/HijackJetten)\ **Post date:** [June 1, 2026, 5:05am UTC](https://forum.moonwell.fi/t/anthias-labs-reserve-recommendations-5-28-26/2173/4 "2026-06-01T05:05:50Z")
With the most problematic bad debt markets effectively now no longer accumulating further debt, it makes sense to switch to prioritizing the remediation over bad debt repayment. The faster the victims are compensated, and the incident is placed in the rear view, the better it is for those users and for the reputation of the platform. ---
**Author:** ![Meadiac](https://avatars.discourse-cdn.com/v4/letter/m/e8c25b/32.png) [@Meadiac](https://forum.moonwell.fi/u/Meadiac)\ **Post date:** [June 6, 2026, 3:52pm UTC](https://forum.moonwell.fi/t/anthias-labs-reserve-recommendations-5-28-26/2173/6 "2026-06-06T15:52:20Z")
when will this proposal be voted on and distributed?