The Resolv Foundation has announced a recovery plan in response to the USR security incident in March.

PANews reported on May 27th that the Resolv Foundation announced a comprehensive recovery path for the USR security incident on March 22nd . This incident resulted in illegally minted USR tokens entering the market, forcing the protocol to suspend operations and enter recovery mode. The recovery framework follows the protocol's design principles: USR acts as the priority layer, with RLPs acting as the secondary layer to absorb the losses. The recovery plan is differentiated by user category, covering direct holders of USR/wstUSR, LP positions, lending market users, RLP holders, USR Yield Maxi vaults, Pendle positions, and other structured products. Specifically, USR/wstUSR held before the incident will be exchanged for USDC at a 1:1 ratio, while USR/wstUSR acquired after the incident will be exchanged for USDC at a 1:0.5 ratio. The RLP reference price has been reset to 55% of the last reference price before the incident, meaning 1 RLP is exchanged for 0.71 USDC, plus 2.71 RESOLV tokens per RLP.

The foundation will allocate 10% of the total RESOLV token supply for recovery, with 70% distributed to affected RLP holders. Eligible users can claim recovery payments between May 26 and August 26. Simultaneously, Resolv launched a new business line, Vault Street, focusing on the distribution of tokenized real-world assets. Its first product, primeUSD (a leveraged RWA product), has entered private testing and is expected to be fully launched publicly in June.

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Author: PA一线

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