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

Odaily Planet Daily reported that Fluid posted on platform X, stating that the damage to Resolv's infrastructure resulted in a bad debt of approximately $21 million for the protocol. A solution has now been formulated to handle the remaining $19.3 million 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 destroyed all remaining USR tokens in 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 six weeks.