Fluid: The $19.3 Million Bad Debt from the Resolv Incident Will Be Shared by Resolv, the Fluid Treasury, and Others

Odaily reported that Fluid posted on platform X, stating that damage to Resolv's infrastructure has resulted in approximately $21 million in bad debt for the protocol. A solution has now been formulated to address the remaining $19.3 million in bad debt: Resolv will cover approximately $9.7 million, the Fluid governance treasury will cover $8.2 million, and the Fluid team will cover $1.5 million. Fluid has already destroyed all remaining USR tokens within the protocol at the contract level, and users can directly redeem them through Resolv.

To ensure long-term sustainability, Fluid will suspend token buybacks, significantly reduce or eliminate FLUID token incentives, and the foundation will stop receiving its monthly $250,000 grant from March to June. Additionally, its Solana DEX is expected to launch within 6 weeks.