Gate News, March 23 — Fluid announced on X platform that the team has secured a short-term loan sufficient to cover 100% of the current bad debt in the protocol. These funds are committed by Lomashuk, cyberfund, weremeow, and the Fluid core team to ensure user funds’ safety. ResolvLabs has confirmed it will cover all USR positions generated before the security incident and will open necessary redemptions to close related debt positions. Additionally, multiple investors have expressed interest in purchasing FLUID from the treasury when additional funds are needed to further strengthen the protocol’s backup security. The Fluid smart contract is operating normally, all other markets are functioning properly, and the protocol’s safeguards remain effective. Users may experience temporary interest rate fluctuations during liquidation periods.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
