ChainCatcher report: According to official announcements, the Resolv Foundation has released a comprehensive recovery framework following the protocol security incident. On March 22, 2026, the protocol was compromised by a security vulnerability, resulting in the unauthorized minting and circulation of USR tokens, prompting an immediate suspension of operations and transition into recovery mode. Resolv stated that USR is designed as a collateral-backed “upper layer” stable asset, while RLP serves as the “insurance layer” to absorb losses. Under the recovery plan, USR/wstUSR held prior to the attack will be exchanged 1:1 for USDC, while USR acquired after the attack will be redeemed at a rate of 1:0.5 USDC; RLP holders will receive a recovery rate of approximately 60%+, with part of the compensation distributed in RESOLV tokens. The official compensation application window is open for three months. Meanwhile, Resolv has launched a new business line, “Vault Street,” managed by the Resolv Foundation, focused on the distribution of tokenized real-world assets (RWA) and structured yield products. The first product, primeUSD, is currently in private testing and available to professional institutional investors, enabling users to participate in leveraged U.S. Treasury yield strategies using stablecoins. Resolv states that this product combines structured finance expertise from traditional finance with on-chain DeFi infrastructure to build an institutional-grade RWA yield distribution platform. Additionally, the functionality of the RESOLV token remains unchanged; staking and unstaking have been restored, and reward distributions resumed on May 26. Resolv emphasized that it will continue expanding Vault Street products, enhancing security architecture, and building institutional-grade on-chain infrastructure for real-world assets, stating, “The phase from protocol launch to the security incident has concluded; Vault Street will usher in a new chapter for Resolv.”
Resolv Foundation Announces Post-Attack Recovery Plan and Launches RWA Product Line Vault Street
ChaincatcherShare
Summary
The Resolv Foundation has outlined a recovery plan following a March 22 attack that resulted in the unauthorized minting of USR tokens. Pre-attack USR/wstUSR holders can redeem at a 1:1 ratio for USDC, while post-attack holders receive a 1:0.5 ratio. RLP holders will recover over 60% of their value, along with some RESOLV compensation. The claims period lasts three months. On-chain updates confirm that staking and rewards resumed on May 26. Resolv has also launched its RWA initiative, Vault Street, which is currently testing primeUSD with institutional partners. The product integrates traditional finance with DeFi.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.