Resolv Hacking Incident Concludes » Official Announces USR and RLP Token Compensation Plan, and Announces a Transition to Launch the RWA Platform Vault Street

After being hacked and shut down for two months, Resolv finally provided an explanation and announced a transformation. Resolv Foundation released the final recovery plan for the March security incident today (26th). According to its underlying design, priority is given to ensuring USR (Senior Shares) to achieve 1:1 redemption for USDC, while the absorbed losses of RLP (Junior Shares) are compensated through cash and tokens, recovering about 60% of the value. Notably, Resolv announced it will leave the past behind and launch a new business line, "Vault Street," fully entering the tokenization (RWA) market, with the first product, primeUSD, expected to go live in June.
(Background: Another stablecoin depegging! USR once plummeted to $0.3, and Resolv protocol was attacked due to a minting vulnerability)
(Additional context: YC CEO shares AI secret: the future belongs to those who build compound interest systems for information)

After experiencing a serious security incident on March 22, 2026, caused by illegal token minting, DeFi protocol Resolv underwent more than two months of restructuring and finally submitted a complete recovery and transformation blueprint to the community yesterday (May 26, 2026).

Resolv Foundation emphasized that the team has been continuously coordinating with affected users and adheres to the principle of "only communicating when there is substantial progress" to avoid issuing unfulfillable promises. Starting today, a three-month compensation claim window has officially opened.

Strictly adheres to a dual-layer structure: USR is compensated 1:1, RLP absorbs losses

The core of this recovery plan is executed entirely according to Resolv’s initial dual-tier (Tranche) design: USR as the senior (Senior) share receives priority protection, while RLP as the junior (Junior) share acts as an insurance layer, primarily absorbing event losses.

For different affected users, detailed compensation details and ratios are provided:

• Direct holders of USR / wstUSR: Based on the snapshot, users holding before the incident can exchange 1 USR for 1 USDC to recover assets (KYC required); for those holding due to illegal minting tokens after the incident, the exchange rate is 1 USR for 0.5 USDC.
• USR / wstUSR LP providers: Handled based on actual composition at the snapshot. Non-leveraged LPs recover about 75% in cash on average, plus RESOLV tokens as subsidies, restoring total value to about 95% of the initial; leveraged LPs have a lower recovery rate after debt deduction.
• RLP holders: As the risk-bearing layer, each RLP can be exchanged for 0.71 USDC (price reset to 55% of the pre-incident reference price), plus an additional 2.71 RESOLV tokens as a subsidy, with an overall recovery rate exceeding 60%.
• Other structured products: Such as wstUSR products on Pendle, will be converted back to wstUSR and handled at a 1:1 ratio before the incident; USR Yield Maxi Vault can recover 90% of the pre-incident stock price.

To compensate users’ losses, the foundation has allocated a total of 10% of the RESOLV token supply for the recovery plan (70% of which is distributed to RLP holders). The reference price is set at $0.03. If compensation exceeds 10,000 tokens, they will be linearly unlocked over 24 months.

A New Chapter: Entering the Institutional RWA Market with Vault Street

After resolving the historical issues, Resolv officially announced a major strategic shift for the protocol. The official launch of a new business line, Vault Street, will focus on the distribution and innovation of "tokenized real-world assets (RWA)."

The first flagship product of Vault Street, primeUSD, is a permissioned (Permissioned) leveraged RWA product. Designed for institutions and professional allocators, it allows users to deposit stablecoins, with the protocol investing in tokenized T-bills, and applying controlled leverage in a secure DeFi currency market.

The official emphasizes that the new architecture will adopt institutional-grade custody and strict permission controls, significantly reducing single points of failure to ensure security. Currently, primeUSD is in private beta testing and is expected to fully launch to the market in June 2026.

Finally, the official also confirmed that the role of RESOLV tokens within the ecosystem will remain unchanged. Its staking function has been re-enabled in the application, and since May 26, the staking rewards of 300k RESOLV per epoch have resumed. This marks Resolv’s official farewell to the dark chapter of being hacked and a full stride into the RWA new battlefield.