Fluid and Resolv to Share $19.3 Million in Bad Debt from Resolv Infrastructure Failure

KuCoinFlash

Release Time: 05/12/2026 02:07:22

FLUIDalpha

$1.5624-2.93%

Summary

Fluid announced on-chain news of $21 million in bad debt resulting from a Resolv infrastructure failure. The remaining $19.3 million will be allocated among Resolv ($9.7 million), Fluid’s treasury ($8.2 million), and the Fluid team ($1.5 million). Fluid burned all remaining USR tokens, enabling direct redemption through Resolv. To ensure sustainability, Fluid will pause buybacks, reduce FLUID incentives, and suspend monthly $250,000 foundation disbursements from March to June. Its Solana DEX is scheduled to launch in six weeks. New token listings remain a priority as the project adjusts its financial strategy.

Odaily Planet Daily reports that Fluid posted on X that damage to the Resolv infrastructure resulted in approximately $21 million in bad debt. A solution has now been established to address the remaining $19.3 million in bad debt: Resolv will cover approximately $9.7 million, Fluid’s treasury will cover $8.2 million, and the Fluid team will cover $1.5 million. Fluid has already destroyed all remaining USR tokens 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 cease drawing its monthly $250,000 grant from March to June. Additionally, its Solana DEX is expected to launch within six weeks.

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