According to Wu Blockchain, Solana ecosystem lending and yield aggregation protocol Lulo announced that its high-yield 'Boost' deposit funds are facing a net value drawdown of approximately 6.4%. The primary reason is the strategy's exposure to the Ethereum-based synthetic dollar protocol Neutrl Finance (NUSD). Neutrl suffered investment losses in its strategy positions, which weakened its reserve liquidity. It is now allowing redemptions at a price of approximately $0.51/NUSD, enabling holders to recover about half of their funds. Lulo emphasized that this incident is not due to a hack or smart contract vulnerability, and the risk is strictly isolated within the Boost fund pool (designed to bear the risk). The principal of the foundational 'Protected' deposits remains completely unaffected. https://www.(wublock123.com)/news/lulo-boost-fund-neutrl-exposure-drawdown-6-4-percent-0-51-nusd-redemption-70413