NUSD and sNUSD holders may now submit redemption requests through the official Neutrl Redemption Portal subject to the applicable terms and conditions. The Redemption Program provides NUSD and sNUSD holders with a fixed redemption rate based on Neutrl’s previously disclosed liquid reserves. Users who complete a redemption will receive USDC, and the corresponding NUSD or sNUSD will be burned. To submit a redemption request, users must connect the wallet holding their NUSD or sNUSD and sign an onchain message to verify ownership of the wallet. The portal will provide the applicable redemption details before a redemption is submitted. The Redemption Program is expected to remain open until 14 November 2026, subject to the applicable terms and conditions. Users are encouraged to carefully review the full terms and conditions available on the Redemption Portal before submitting a redemption request. The redemption contract has been reviewed by a third-party security auditor. Users should verify that they are interacting only with the official Neutrl Redemption Portal URL before connecting a wallet, signing a message, or submitting a transaction. Disclaimer: Neutrl is operated by Caverna Auctus Inc. This communication contains forward-looking statements, including as to timing, amounts, and recovery outcomes, which are estimates only and subject to change without notice. Nothing herein constitutes a guarantee of any specific outcome, financial, investment, or legal advice, or an offer or solicitation with respect to any token. All rights reserved.

The team became aware of an issue affecting a position held within the strategy that is affecting the liquidity of a portion of the protocol's reserves. In the interest of users, and after consulting with legal counsel, the relevant smart contracts were promptly paused. This was not the result of a smart contract exploit, hack, or code vulnerability. The protocol currently holds approximately $27M in available liquid assets, and continues to hold additional positions and associated PnL as part of the strategy which are not presently liquid. We cannot at this stage confirm the timing, amount, or recovery value associated with these positions. Unwinding and recovering the remaining book will be a time-consuming process, and at this stage we cannot confirm the amount or timing of any recovery. In response to user requests for liquidity, Neutrl will be opening an early redemption mechanism for NUSD and sNUSD holders — that on advice from legal — would be structured to treat all holders equitably. Full details and terms, will be provided ahead of any redemption start date. Neutrl is targeting early September, subject to completion of a successful deployment of a new redemption contract, independent contract audit and further legal and financial review. This timeline may change. Neutrl is working with legal counsel to pursue the best outcome available for users. We strongly recommend against trading NUSD or sNUSD tokens at this time while the situation is being assessed, as it may affect user recovery. Please rely only on announcements from Neutrl's official accounts and remain vigilant against malicious actors, impersonation, and phishing attempts. Further updates will follow. Disclaimer: Neutrl is operated by Caverna Auctus Inc. This communication contains forward-looking statements, including as to timing, amounts, and recovery outcomes, which are estimates only and subject to change without notice. Nothing herein constitutes a guarantee of any specific outcome, financial, investment, or legal advice, or an offer or solicitation with respect to any token. All rights reserved.

Neutrl continues to be paused while we work through a complex situation. Our priority is to work toward the best possible outcome for users. We are currently assessing the available reserves and developing a plan for an orderly process. We will provide further information on next steps as soon as they are determined. We are not going anywhere, and we're committed to working through this responsibly and returning as much value as possible to users. Please rely only on announcements from Neutrl's official accounts and remain vigilant against malicious actors, impersonation, and phishing attempts. Official community channels have been set to read-only while we continue to publish updates through these accounts.

Neutrl has temporarily paused minting, redemptions, and other protocol functions following circumstances affecting protocol reserves. These measures have been taken in the interest of our users, after advice from legal counsel, to preserve an orderly process while the impact is assessed. Users will be provided with a clear and orderly process in due course. Further information on timing, and next steps will be shared as soon as available.

Tokenized equities represent the next frontier of onchain yield, with an estimated $1.74T of eligible equity lock-ups representing a potentially significant opportunity set. Great insights from our friends at @FourPillarsFP.

Earn more with YT-sNUSD on @pendle_fi. YT buyers can earn 11% APY through underlying yield and boosted sNUSD incentives, with Pendle Limit Order incentives providing additional rewards. All while earning 25x Neutrl Points.

Neutrl’s yield engine is built to evolve with the market. sNUSD generates yield from three distinct yield sources, allowing capital to rotate across market-neutral strategies with different return drivers instead of relying on any single source of yield.

Neutrl has processed over $500M in NUSD redemptions since launch. Designed to balance liquidity and long-duration yield, Neutrl’s allocation framework enables users to access differentiated sources of return while maintaining redeemability across all market conditions. As opportunities across defi continue to compress, Neutrl remains focused on sourcing sustainable, risk-adjusted returns from a broader set of market-neutral strategies.

The era of single-strategy yield is coming to an end. Neutrl is built for what comes next. @FourPillarsFP explores why compressed funding rates are changing the competitive landscape and why differentiated sources of return matter more than ever. Read the full report below.

The Neutrl sNUSD market just hit 99% utilization. Almost all Junior capital is actively backing Senior deposits, and the yield curve is adjusting to bring more in. Worth understanding what's going on.