CoinsAQ summary · neutral
Lulo reports 6.4% drawdown on Boost deposits from Neutrl exposure
What happened
The yield platform's first-loss tier absorbs the hit from Neutrl's NUSD, which is redeeming at 0.51 USDC, while Protected deposits stay whole Lulo, a USDC yield platform, said its Boost deposits face a drawdown of roughly 6.4% because of exposure to troubled synthetic dollar.
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