To make it clear, Fluid smart contracts are safe and operate as intended. There is a limited bad debt, which will be 100% covered by Fluid if it remains after the incident is resolved. All other markets operate as intended, but the rates/utilization might be volatile Stay Fluid 🌊

Fluid
@0xfluid
03-22
We are aware of the incident affecting Resolv earlier today.
Fluid automated ceilings prevented excessive borrowing of the funds, and USR markets have been paused. These safeguards worked as intended to contain the situation.
In case of any remaining bad debt on Fluid, all user
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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