iPhone videos look terrible in DR

Does any know how to get normal 8-bit iPhone footage to look normal in Resolve?

Once it’s in my timeline, it looks washed out and nothing like it appears on my phone. I’m assuming it’s a color space issue because when I shoot in ProRes Log or S-Log3, that footage has no issues once graded. I do shot vs setup on Instagram and would like to edit my iPhone clips in Resolve, but it’s unusable. I end up having to just add the iPhone clips in the Instagram app instead 🤦🏽‍♂️

Any tips would be appreciated!