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.
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