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📰 DEFI NEWS: Resolv Labs Initiates USR Protocol Recovery
Following a major security incident, Resolv Labs has officially moved into its first phase of recovery. To ensure market stability and protect users, the USR redemption function has been enabled, starting exclusively with whitelisted addresses.
The Latest Developments:
🔹 Whitelisted Access: Redemptions are live for verified addresses.
🔹 Collateral Status: Reports confirm that underlying collateral is 100% safe and was unaffected by the exploit.
🔹 Market Stability: The team is closely monitoring the USR peg and redemption volume to ensure a steady restoration of services.
This phased approach marks a critical step toward full protocol functionality and restoring confidence in the USR ecosystem. 🛡️
#CryptoNews #DeFi #ResolvLabs #USR