[Moonwell Community Initiates Voting on 'Emergency Risk and Reserve Recommendations' Proposal] Foresight News reports that the DeFi lending protocol Moonwell community has initiated voting on the 'Emergency Risk and Reserve Recommendations' proposal. The proposal includes applying Anthias Labs' latest risk and reserve recommendations to Moonwell trading pairs on the Base and OP mainnets. The changes include: updating risk parameters for trading pairs with limited liquidity, higher oracle risks, or those being phased out; updating the interest rate model on the Base mainnet to reduce excessive interest accrual caused by outstanding bad debt; extracting available protocol reserves from the Base and OP mainnets, converting them into USDC, and using them for capital restructuring in the USDC market. The resulting USDC will be used to represent and repay bad debt in the USDC market. Foresight News previously reported that Moonwell suffered an attack in August, resulting in a loss of approximately $8.7 million.