Neutrl Suspends Smart Contracts, Plans Early Redemption in Early September
By: x.com|2026/08/29 03:32:58
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Prefer us on GoogleThe decentralized yield protocol Neutrl has suspended related smart contracts due to issues affecting the liquidity of some reserve positions. Currently, the protocol has approximately $27 million in liquid assets available, along with unrealized strategy positions and corresponding gains and losses, making it impossible to confirm the recovery time, amount, or recoverable value. In response to user liquidity demands, Neutrl will open an early redemption mechanism for NUSD and sNUSD holders, aiming for early September. The specific timing will depend on the deployment of new redemption contracts, independent audits, and legal and financial review progress, and the timeline may change. The team advises against trading NUSD or sNUSD during the evaluation period to avoid impacting the recovery arrangements.
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