The Resupply protocol encountered a 10 million ReUSD bad debt, and the community proposed remedial measures

ChainCatcher news, the official team of the Resupply protocol has initiated a remediation proposal in the community to address the 10 million ReUSD bad debt issue encountered earlier this week. The proposal outlines a set of governance actions aimed at eliminating the protocol's bad debt and providing retention rewards for affected users.

The measures in the first phase include destroying 6,000,000 ReUSD bad debt through the insurance pool, which accounts for 15.5% of the 38.7 million reUSD in the insurance pool, and repaying the remaining $1,131,168 bad debt through future revenue sources. Additionally, the proposal includes shortening the voting period to expedite the decision-making process and providing an IP retention plan for insurance pool depositors, incentivizing them to stay in the insurance pool with additional RSUP tokens.