Exploited for $1.78M bad debt due to oracle misconfiguration, seizing 1,096 cbETH and creating bad debt across cbETH, WETH, and USDC. Approved a recovery plan to reimburse 181 users liquidated during the cbETH incident from February 14-18, 2026, covering $2.68M in losses.

Generated approximately $2,380 in fees over the 30-day period ending around February 17, 2026.

cbETH oracle exploited for $4M on February 16, 2026

Captured 3 ETH in protocol revenue from 16 liquidations during upgraded OEV testing on Base.

MIP-X39 voting takes place on December 22, 2025.

Kinsu, a digital savings app developed in partnership with play_ember, integrates Moonwell DeFi as a yield provider for stablecoin savings offering 8-12% APY, bringing Moonwell's products to over 900,000 existing retail customers on Base and NEAR.

Governance proposal MIP-X37 passes, making the WELL token deflationary as buybacks now exceed staking rewards for the first time.

zoofwallet integrates Moonwell, allowing users to lend and borrow directly in-wallet with APY tracking.

AI agent platform Wayfinder deploys a Moonwell wstETH Loop Strategy as one of five autonomous strategies currently live and testing on their platform.

Integrated with FractionAI's Stable-Up, an AI agent platform that allocates stablecoin capital for yield optimization, generating 7-8% APY on Base.

ETH-backed loans launch on the platform.

MAMO surpasses $196M in total flow as USDC and BTC accounts earn through Moonwell and Morpho while the MAMO account compounds trading fees from Aerodrome.

Suffered three exploits in four months, including oracle issues, an untested smart contract update, and AI-generated code vulnerabilities. The February 17, 2026 oracle exploit caused $3.7M bad debt and $1.78M losses, co-authored by Claude Opus 4.6. Experienced an exploit on February 18, 2026, resulting in a $1.7M loss.

The Chainlink oracle reported 1 wstETH at $5.5 billion during the exploit, and Chainlink removed the deprecated feed from documentation but failed to delist it on-chain, enabling the repeated attacks.

The oracle malfunction stems from using a delisted Chainlink market rate feed for rsETH, which was not listed in Chainlink documentation and should have been an exchange rate feed.

Yearn Finance successfully withdraws all exposure from Moonwell markets with zero losses following the oracle malfunction incident, with all Yearn vaults continuing normal operations.

Supply and borrow caps for wrsETH market zeroed out on Base and OP Mainnet following a mispricing event. The same attacker received messages from Takara team, indicating the exploiter targeted multiple protocols.

Exploiter returns for second attack approximately 1 month after first hack, draining $1M through 295 ETH flash loans via unpatched Chainlink oracle vulnerability.

Oracle exploit affected only the core market (Compound v2 fork) and did not impact Moonwell Morpho vaults.

Oracle exploit hits protocol on Base and Optimism, with attackers manipulating rsETH/ETH price feed to drain over $1M.

Onchain financials are now live on CoinGecko, providing public access to fundamental financial data.

WELL-PERP and FAI-PERP trading suspension completed with open positions settled at final price of $0.019615 USDC for Moonwell and $0.006682 USDC for Freysa, calculated using 60-minute average index price prior to suspension.

Collaboration with @mamo simplifies onchain personal finance by providing users an easy flow to deploy funds and earn yields.

Perpetual futures trading for WELL-PERP gets suspended on Coinbase Advanced and Coinbase International Exchange on October 23, 2025 at 10:30 AM UTC. All remaining open positions settle automatically at the time of suspension.

Daily Active Users on Base chain increased by approximately 210% over the past year.

Protocol suffered a $1.7M security exploit on Base chain on October 10 amid broader market crash.

Post-mortem released for a security exploit related to version 10.10.

MAMO token can now be used as collateral for borrowing on the protocol.

Integration with Nook Savings goes live, utilizing the protocol to power savings features.

Launches new credit facility product. Founder also launches Mamo, a personal finance AI agent with its own tokenomics and LP fee staking rewards for token holders. Builder codes in Moonwell and Mamo apps earn Base network tokens.

New EURC lending pool highlighted in third-party ratings, marking expansion into European stablecoin markets.

Flagship ETH vault launches on Morpho offering 3.38% APY for passive ETH earnings.

Protocol emerges as fastest growing lending platform with active loans increasing 33.7% in the past week.

New lending infrastructure established via Morpho Labs collaboration to finance operations without token dilution, while WELL token gains advanced trading features on AlienBase DEX.

Moonwell identified as a "big winner" in Base token speculation, expected to play key role in upcoming Base token incentive programs.

Base network token announcement brings potential billions in economic stimulus to the ecosystem, with projections of onboarding 10% of global GDP within 5 years.

Moonwell establishes new physical office as indicated by $28,000 furniture purchase for team operations.

GMX launches perpetual trading market for Moonwell, expanding total tradable assets to 87.

New 8% ETH yield farming opportunity available, marked as temporary

New yield strategy emerges combining 8.8% USDC lending with Coinbase perpetuals for 20% total yield.

Experienced rewards loss incident distributing 8.4 million WELL reward budget due to a bug.

Harvest Finance integration live with 9.5% APY yield farming opportunity on Base network.

Safety Module bug discovered and contained with no user funds at risk; full repayment proposal implements 100% WELL reimbursement for affected users, with total impact limited to $285K in planned distributions.

AI agent integration drives $50M TVL and thousands of monthly active users, demonstrating successful product-market fit within 6 months of hackathon victory.

Major TradFi banks now deploying on Ethereum through Coinbase integration, coinciding with stablecoin legalization, creating expanded institutional DeFi access.

Protocol achieves highest week-over-week growth rate in active loans among all lending protocols.

Technical bug disrupts X28 rewards distribution; safety module funds remain secure. Governance proposal planned to compensate affected stkWELL holders.

$250K WELL token buyback scheduled through MIP-X28 proposal, while Mamo token launches on Coinbase; protocol expands to 20-person team.

Protocol achieves top 3 lending position on Base chain with total ecosystem loans exceeding $1.5B.

New tokenized equity features in development with regulatory oversight, expanding lending and borrowing capabilities.

Protocol controls largest relayer position with 2% AERO voting power, enabling perpetual trading fee capture from future Coinbase volume through Proof of Liquidity mechanism.

Flagship Vault now offers 10%+ yield on USDC backed by cold-stored Bitcoin, following discovery of underreported rates.

New partnerships with MorphoLabs and Aerodrome Finance expand lending capabilities and DEX integration on Base chain.

Protocol proposes launching GENIUS and MiCA compliant USD-backed stablecoin generating 4% yield from T-bills.

New yield optimization integration drives 41% price surge as AI agents dominate trading flows.

New AI savings agent Mamo launches on Virtuals' ACP platform, offering 6.5% APY on USDC and yield optimization for cbBTC through autonomous hedge fund integration.

Powers Coinbase Borrow product while achieving 99% liquidation value capture, leading DeFi money markets in capital efficiency.

Protocol enables BTC whales to earn yield and borrow using wrapped Bitcoin assets, expanding institutional DeFi participation.

Protocol achieves highest revenue generation among Base lending platforms through productive yield rather than token emissions.

Unified balances feature launching in summer 2025 eliminates need for manual bridging across Ethereum ecosystem.

Parent company Lunar Labs unveils strategic expansion into AI-powered finance agents with non-custodial architecture.

Revenue from vault performance fees and OEV auctions now used for token buybacks.

Protocol implements revenue auctions for $WELL token buybacks while achieving capital efficiency through vault performance fees and OEV onchain auctions.

Weekly metrics show cbETH borrows more than double to $348K while EURC supply reaches $6.8M on Base network.

Protocol expands to mobile through Nook Savings app partnership, enabling 3x inflation rate yields

Protocol experiences significant growth with EURC borrows up 32% to $4M and AERO supply up 42% to $20M on Base network

USDC lenders can now earn 7%+ APY against cbBTC with triple-layer risk management from BlockAnalitica, bprotocol, and Morpho Labs.

First protocol to enable XRP collateral lending, allowing XRP holders to borrow USDC against their holdings on Base.

Smart money inflows of $147.2K in last 24 hours, ranking #3 among top token flows.

Protocol reaches 1 billion tokens staked (20% of supply) driven by borrower-generated real yield mechanics.

Protocol achieves 1B tokens staked through organic yield from borrower activity.

Record 3.72K unique active wallets achieved on Base network, indicating growing platform adoption.

cbBTC holders can now earn Bitcoin yields through new Mamo integration with Morpho Labs.

Reserve auction MIP-X23 to distribute $204K in excess market reserves.

Expanding into retail financial services with US virtual banking accounts and Moonwell Card to distribute platform liquidity through consumer products.

Lending activity surges 124.9% to $44.4M on Optimism and 30% to $178.7M on Base over 90 days.

MAMO token airdrop now live for historical platform users and AERO vote-lockers, featuring no VC allocation.

New Beam feature enables cross-chain lending and borrowing across Superchain networks.

New partnership with Anthias enhances risk management capabilities and security infrastructure.

New token launch features $15M market cap with 1B total supply, 25% locked liquidity, and 24-month vesting for 50% treasury allocation, establishing MAMO/VIRTUAL and MAMO/cbBTC pairs on Aerodrome.

USDC lending rates increase in core market with Mamo agent automatically adjusting user positions to capture higher yields.

Current market cap at 10M with 35% tokens in circulation, backed by experienced team from Coinbase, Apple, and Amazon, with official support from Base and Virtuals platforms.

Mamo agent expands to mobile platform with rapid deposit functionality now live.

Core contributors launch Mamo, an AI-driven auto-investing platform, expanding ecosystem reach into consumer applications.

Mamo agent platform launches today with multiple completed security audits.

New $MAMO airdrop available for token holders, with immediate trading enabled on Definitive platform.

Active loans near all-time highs on Base network, ranking among top 3 lending protocols alongside Morpho and Aave.

10% yield rates available without restrictions, positioned as more than double Robinhood's offering which requires $500k deposit.

Base vault now offering 6.3% APY (4% USDC, 1% WELL, 1% Morpho) with emphasis on stable coin yields.

Direct USD bank transfers to crypto wallet feature now live with same-day settlement.

Active yield farming opportunity offers 38% APY on staking and 17% APY (10% in OP) on vault deposits through Moonwell platform.

Active yield farming opportunity offering 17% APY (10% in $OP) on vault deposits and 38% for $WELL staking on Optimism.

EURC borrowing surges 72% to $4.1M on Base network, while new USDT market launches on Optimism, showing significant protocol growth and market expansion.

Protocol achieves $1.5M TVL within hours of launch.

Morpho integration on Optimism mainnet now features instant-claim dual token rewards through custom staking contracts.

New integration with OP Mainnet complete, expanding L2 presence.

Coinbase-wrapped XRP now supports lending through USDC vaults, enabling cross-chain functionality in partnership with Morpho Labs.

Coinbase One subscribers can access exclusive dual token rewards (MORPHO + WELL) in Flagship Vaults with higher yields due to low participation.

Exclusive double reward opportunity (MORPHO + WELL) available for Coinbase One subscribers through Flagship Vaults, offering enhanced yields.