Neutrl resumes redemptions at 51% value after five-week suspension

Decentralized yield protocol Neutrl has reopened its redemption portal for NUSD and sNUSD, allowing users to exchange tokens for USDC at a fixed rate of 0.51. The protocol, which previously paused operations on Aug. 13 citing reserve issues, had faced liquidity mismatches and concerns regarding its reliance on locked OTC positions. The redemption window is expected to remain open until Nov. 14, effectively liquidating holdings at roughly half their face value.