Resolv Labs: Progressing on recovery efforts, and has reached an agreement with Fluid, the main affected protocol.

CoinFeed reported on May 12 that Resolv Labs announced on its X platform that it is advancing recovery efforts and has reached an agreement with Fluid, the main affected protocol. The protocol framework differentiates between pre- and post-event risk exposures: positions with positive net value before the event will be fully compensated by Resolv; bad debts incurred after the event will be shared equally by Resolv and Fluid. Settlement will be completed on May 11. Resolv stated that discussions with other protocols and counterparties are ongoing.