Every story we've covered involving strata.
Neutrl has launched a redemption program that lets NUSD holders redeem tokens for 0.51 USDC each via an on-chain contract, reflecting roughly a 49% shortfall to the token's $1 reference. Separately, Strata scheduled a valuation update that would write its junior tranche (jrNUSD) to zero and set an srNUSD/NUSD accounting value of 1.23971, with withdrawals to settle in sNUSD at the revised share values.
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