Svmuu 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.