Neutrl has opened a redemption program whose Ethereum contract pays 0.51 USDC per NUSD, giving holders an exit at a 49% shortfall to the token’s $1 reference value. The rate is directly visible in Neutrl’s redemption contract: its redemptionRate() function returns 510000000000000000, an... Read the full story at The Defiant
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Neutrl Opens NUSD Redemptions at 51 Cents as Strata Junior Tranche Faces Wipeout
Strata scheduled a 48-hour valuation update that would write jrNUSD to zero while withdrawals from its senior tranche settle in sNUSD at revised share values.
