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Lulo Boost Deposits to Decline 6.4% Due to Neutrl Finance Exposure
According to PANews, Lulo announced today (October 21) that its Boost deposits will decline approximately 6.4% due to losses in Neutrl Finance, a synthetic USD protocol on Ethereum used in Boost's yield strategy. The impact is limited to Boost; Protected deposits remain unaffected. Neutrl's strategy holdings incurred losses, reducing reserve liquidity, and redemptions are now available at approximately 0.51 USD per 1 USD, allowing holders to recover roughly half of their holdings. Lulo stated th
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