Neutrl Opens NUSD Redemptions at 51 Cents as Strata Junior Tranche Faces Wipeout

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