Wu Blockchain (@WuBlockchain): Neutrl Opens NUSD and sNUSD Redemptions as X User Claims Only Half of Deposits Can Be Recovered
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Neutrl Opens NUSD and sNUSD Redemptions as X User Claims Only Half of Deposits Can Be Recovered Neutrl has opened a redemption portal for NUSD and sNUSD holders. Redemptions are processed at a fixed rate based on previously disclosed liquid reserves, with users receiving USDC and the redeemed tokens being burned. The program is expected to remain open until Nov. 14, 2026. One X user claimed that the current redemption rate is around 50% and that users must sign a liability waiver, but these claims have not been confirmed by Neutrl. The protocol previously disclosed that strategy losses had restricted part of its reserve liquidity and suspended related smart contracts. Neutrl raised $5 million in seed funding in April 2025, led by STIX and Accomplice.