Inugami

@RampCapitalLLC Almost no one with 10 million is losing $250k in a day. They are sitting in money markets, bonds, and cash because they are preserving wealth not growing it.

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Update on the Resolv incident: The Fluid team has secured short-term loans to cover 100% of the bad debt currently in the protocol. These funds were secured with commitments from @Lomashuk from @cyberfund, @weremeow, and the Fluid core team, ensuring that no user funds are at risk. @ResolvLabs has confirmed they will cover all USR positions that were originated before the security incident, and will enable redemptions required to close those debt positions. Additionally, multiple investors have expressed interest in purchasing $FLUID from the treasury should any additional funds be required, further strengthening the protocol’s backstop. Fluid smart contracts are safe and operating as intended. All other markets continue to function normally, and protocol safeguards remain active. Users may see temporary rate volatility while positions are being unwound. We will continue to provide updates as the situation progresses.