Fluid: Short-Term Loan Secured to Cover 100% of Bad Debt in Protocol, User Funds Unaffected

Odaily News Fluid announced on platform X that the team has secured a short-term loan sufficient to cover 100% of the current bad debt in the protocol. These funds were committed by Lomashuk, cyberfund, weremeow, and the Fluid core team to ensure user fund safety. ResolvLabs has confirmed it will cover all USR positions generated before the security incident and will open necessary redemptions to close the related debt positions. Furthermore, multiple investors have expressed interest in purchasing FLUID from the treasury if additional funds are needed, to further strengthen the protocol's backup safeguards. Fluid smart contracts are operating normally, all other markets are functioning properly, protocol safeguard measures remain effective, and users may experience temporary interest rate fluctuations during the liquidation period.