Your proposal for the Mfam part is confusing. I hope that wasn’t intentional. If you’re proposing it in USD, I suggest changing the ratio to 1:30. Or just remove it altogether, because what you’ve proposed is ridiculous.The sad event that is being discussed here, namely cbEth, and how you want to resolve it, only creates another sad event, but consciously, it is actually okay if there is no compensation for the theft.
Hello, may I ask if you can access staking mfam via the Moonwell website? I haven’t been able to do so for about two days now. It’s all very sad.
As proof that there is some pressure and that the proposal was not originally intended to be in dollars, the reaction of the experienced BizKnowledge is that he also read it as tokens and did not like it.
Bro, the vote that has already passed and been voted for this week will solve that problem. This forum post is just about the compensation to those who lost their funds. Check the governance votes on the moonwell platform, you’ll see the vote already got voten yes for.
This? Moonwell - Lending made simple
Restoring the oracle is a great first step, but the pool is insolvent – there’s no cbETH to withdraw. Nobody in their right mind would put any new cbETH into the pool since they wouldn’t be able to get it out. There’s too big a queue of collateral providers eager to get their funds out as soon as any new funds hit the pool.
I see, this is due to the guy who was able to borrow 1mil worth of cbeth from the pool which was like 460cbeth. This amount of cbeth is also accounted for in the calculations made of repaying the debt set at 2.7mil. With what will be payed back the amount of cbeth that essentially got stolen from the liquidity pool by the abuser of the error will be bought back and restored as liquidity in the pool for people to be able to withdraw their positions with.
Yes, and unfortunately it seems those funds have already been laundered. It was broken up onto chunks of about 100 ETH each and sent to various bridges and other services. So I doubt it’s coming back.
Here are the top 100 creditors right now (who are unable to withdraw their funds): https://basescan.org/token/tokenholderchart/0x3bf93770f2d4a794c3d9ebefbaebae2a8f09a5e5
Really hoping all are made whole.
So there is clearly some pressure for change. The sad thing is that there aren’t many honest Mfam holders left, and if the team, especially Luke, gave it up, it wouldn’t cost much, and now it smells like manipulation
And it looks like staking mfam is already disabled from the Moonwell interface.
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The longer this takes the more I feel like full refund of all assets is the only way. Look I know it’s going to sting, but returning everyone’s asset fully will 100% buy everyone’s trust back in. At least for me it would. If for some reason I feel extremely cheated down the road cause of a partial refund, that complete trust and faith is gone.
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Given the silence of the team on this it may be worth pursuing litigation. It’s not a lot of $$ compared to the TVL of protocol. And the issue is clearly the result of extreme negligence. We should be made whole.
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What is worse, they are planning to set reserve factor to 50% from current 15% to a pool that just got exploited. Those who would have had supplied liquidity now will get desincentivized because the protocol got greedy and wants to set 50% of reserve factor.
So I am taking extreme risk to supply capital and the protocol is taking 50% of the interests paid.
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Are you sure ? 50%
Where you see that ?
I think the team is busy and looking for solutions…idk why they didnt answer the questions, maybe just busy
But i agree with you, it makes a lot of sense to refund 100%…moonwell has a safety modul designed for such events…relax 
Search the post called
“[Anthias Labs] - Risk Parameter Recommendations (6/11/2025)”
There it says
cbETH
In the wake of a recent incident stemming from a configuration error in the cbETH oracle, we propose adjustments to the interest rate curve to facilitate the repayment of bad debt. With cbETH utilization currently at 100%, interest rates have surged to unsustainable levels. The revised curve would lower the rate at full utilization, providing breathing room as funds are assembled to address the bad debt and restore fairness to suppliers impacted by unjust liquidations. Additionally, we suggest elevating the reserve factor to 50%, ensuring that a substantial share of the elevated interest accrues to reserves and curbing the risk of compounding debt through runaway interest accumulation.
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ok that not looking great….
Dude i hodl $Well & $Mfam since early polkadot/moonriver days…
Best advice from me is if one of you would open a new goverment post, with the exact terms you guys want…100% refund, timeline, etc
otherwise its just one more coment 
open a new forum post, with a clear path!
Mfam community is doing the same, the discussion here is pointless…
While I appreciate Moonwell working on a proposal to make it right to all of us that were liquidated unjustly. I do think it is important that this proposal clarifies that it repays our assets not our asset values. If a user was liquidated of 1 cbETH they should be repaid 1 cbETH otherwise you are punishing these individuals and limiting the incentive to repay.
If ETH rises in price, it becomes more costly to repay, increasing the incentive to repay the users quickly.
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Then you can’t change your mind when the price would dump below the 2200$ cbeth pricing we lost our assets at. We are in a bearmarket so i wouldn’t be suprised if the price would go to 1400$. I think paying back our assets is fair and i wouldn’t mind since i was hodling them anyway but wouldn’t mind buying back the eth at a cheaper price when it comes. It’s pumping now so don’t make your comments based on sentiment when sentiment can change in the market. This being said i will say again asset repayment is fairest from the project point of view but in a bearmarket usdc is not too bad either.
Considering what’s more advantageous for long-term vs. short-term holders risks undermining fairness. The only truly fair solution is to restore everyone to their pre-incident position.
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Indeed. Repayment in the assets we had before the error is fairest still. They listed them all up so they can easily account to this and make us whole again and given back all the assets we had. We shouldn’t be waiting much longer for a vote, team should get this going.