Fluid: The $19.3 million bad debt from the Resolv incident will be jointly borne by Resolv and the Fluid treasury

Odaily reported that Fluid posted on X, stating that damage to Resolv's infrastructure 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 bear approximately $9.7 million, the Fluid governance treasury will bear $8.2 million, and the Fluid team will bear $1.5 million. Fluid has destroyed all remaining USR tokens within the protocol at the contract level, and users can directly redeem via 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.