Lulo announced that its Boost deposits will experience a drawdown of approximately 6.4% due to losses in its yield strategy involving Neutrl Finance, a synthetic dollar protocol on Ethereum. The incident stems from Neutrl's strategy positions suffering losses and impaired reserve liquidity, not from a hack or smart contract vulnerability exploitation.
Following the losses, Neutrl opened redemptions at a ratio of about $0.51 per $1, allowing holders to recover roughly half their value. Lulo clarified that the impact is limited to Boost, which takes on risk for Protected deposits, meaning the principal of Protected deposits remains unaffected. Additional updates are expected to be announced later.
Lulo Boost Deposits Hit ~6.4% Drawdown After Neutrl Finance Strategy Losses
Haftungsausschluss: Die auf Phemex News bereitgestellten Inhalte dienen nur zu Informationszwecken.Wir garantieren nicht die Qualität, Genauigkeit oder Vollständigkeit der Informationen aus Drittquellen.Die Inhalte auf dieser Seite stellen keine Finanz- oder Anlageberatung dar.Wir empfehlen dringend, eigene Recherchen durchzuführen und einen qualifizierten Finanzberater zu konsultieren, bevor Sie Anlageentscheidungen treffen.