Neutrl: Strategic positions affect the liquidity of some reserves and are expected to be opened for early redemption in early September

On August 30, Neutrl, a decentralized income agreement, tweeted that the team found a problem with a certain position in the strategy, which affected the liquidity of some of the agreement's reserves. Relevant smart contracts have been quickly suspended after consulting legal advisers. The current agreement has approximately US$27 million in available current assets, as well as unrealized strategic positions and corresponding profits and losses. It is currently impossible to confirm the recovery time, amount or recoverable value. In response to users 'demand for liquidity, Neutrl will open an early redemption mechanism for NUSD and sNUSD holders, and said it will treat all holders. The target is early September, and the timetable may change depending on the progress of new redemption contract deployment, independent audit and legal financial review. The team recommends not trading NUSD or sNUSD during the evaluation period to avoid affecting the recycling arrangements.