Neutrl: Strategic position affecting part of the liquidity of the reserve, to be redeemed early in September

On 30 August, Neutrl pushed that the team had found a problem with a certain position in the strategy, affecting the liquidity of part of the reserve of the agreement. The relevant smart contract was quickly suspended after consulting the legal counsel. The agreement currently contains approximately $27 million in available current assets, as well as strategic positions that have not yet been realized and corresponding gains and losses. It is not possible to confirm the recovery time, amount or recoverable value. In response to the user ' s need for liquidity, Neutrl will open up the early foreclosure mechanism for Nusd and sNUSD holders and state that all holders will be treated. The target is for the beginning of September, subject to the deployment of the foreclosure contract, independent audits and legal and financial review, with a possible change in schedule. The team advised not to trade Nusd or sNUSD during the assessment to avoid affecting the recycling arrangements。