DeFi· ★★· bearish·

Lulo says boost deposits down 6.4% on Neutrl exposure

  • —Lulo boost deposits fell 6.4% due to Neutrl exposure
  • —Protected Lulo deposits were not affected
  • —Neutrl redemption contract offers 0.51 USDC per NUSD
Why it matters: The hit is limited to riskier boost deposits, but NUSD's roughly 49% redemption discount points to liquidity stress at Neutrl.
#USDC
Source: The Defiant
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