金色财经|May 17, 2026 20:57
[Fluid Transfer Protocol Position Liquidation of Resolv Bad Debt Sparks Controversy, Community Accuses It of 'Using User Liquidity to Cover Bad Debt']
According to a report by Jinse Finance, on May 18, Curve founder Michael Egorov expressed doubts about Fluid's latest governance proposal. The proposal involves transferring fGHO and iETHv2 positions from the protocol treasury to the team’s multi-signature wallet to liquidate bad debt left behind by Resolv's depegging incident. Aerodrome community member jpn memelord criticized the move for insufficient communication, indirectly altering the risk exposure of USDC/USDT depositors, effectively using user liquidity to cover bad debt. The Fluid team responded that this is a standard technical operation to consolidate and liquidate thousands of Resolv-related debts, stating that the total protocol assets remain unchanged, all steps were conducted within the governance framework, and the proposal had been prepared in advance.
In March of this year, the Resolv protocol suffered a hack targeting its signature infrastructure, resulting in the malicious minting of approximately $80 million worth of uncollateralized USR stablecoins, causing USR to severely depeg. Due to factors such as oracle price delays, Fluid was exposed to approximately $21 million in bad debt.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink