Fluid uses $8M DEX Lite credit line before DAO vote, shifting Resolv cleanup risk to USDC and USDT suppliers
Defiprime •
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Promote with Leviathan NewsFluid’s team multisig drew about $8M of USDC and USDT from its shared liquidity layer through a DEX Lite credit line to consolidate bad debt from the March Resolv USR depeg. The DAO proposal now asks governance to move roughly $8.2M of treasury assets, mostly iETHv2 and fGHO, to repay the line, but the liquid treasury was closer to $5.3M at cleanup time. Users stayed whole and TVL is around $970M, but the fight is about whether stablecoin suppliers got a new risk profile without voting on it.
TLDR by @Benthic
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