Odaily Planet Daily reports that Fluid has posted on X that the team has secured a short-term loan sufficient to cover 100% of the current bad debt in the protocol. These funds have been committed by Lomashuk, cyberfund, weremeow, and Fluid’s core team, ensuring the safety of user funds. ResolvLabs has confirmed it will cover all USR positions created prior to the security incident and will enable necessary redemptions to close related debt positions. Additionally, several investors have expressed interest in purchasing FLUID from the treasury should additional funds be required, further strengthening the protocol’s backstop. Fluid’s smart contracts are operating normally, all other markets are functioning as usual, and protocol safeguards remain intact; users may experience temporary interest rate fluctuations during liquidation periods.
Fluid Secures Short-Term Loans to Cover 100% of Bad Debt
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Summary
Fluid announced that the team has secured short-term loans to cover 100% of the protocol’s current bad debt, improving the risk-to-reward ratio for users. Lomashuk, Cyberfund, Weremeow, and the Fluid core team have committed funds to ensure user assets remain secure. ResolvLabs will cover all USR positions prior to the security incident and reopen redemptions to settle related debt. Investors are also interested in purchasing FLUID from the treasury to support long-term investment goals. Smart contracts are operating normally, and all markets remain active.
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