The Resolv Foundation has announced a recovery plan following a protocol security incident, offering USR holders a 1:1 exchange rate to USDC for pre-attack holdings and a 1:0.5 rate for post-attack holdings. RLP holders are set to recover at least 60% of their assets, with partial compensation in RESOLV tokens. The claims window is open for three months.
In addition, Resolv has launched Vault Street, a new tokenized real-world assets business line. Its first product, primeUSD, is in private testing and provides leveraged U.S. Treasury yield strategies for institutional investors. The RESOLV token staking function has been restored, with reward distributions resuming on May 26.
Resolv Foundation Unveils Recovery Plan and Launches Vault Street
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