Decentralized yield protocol Neutrl said its services remain suspended as the team evaluates available reserves and works on an orderly recovery plan. In a post on X, the project said the situation remains complex and that its top priority is securing the best possible outcome for users. Neutrl added that it will share more information as soon as next steps are finalized. The update follows an announcement made last week, when the protocol said it had temporarily halted minting, redemptions, and other functions after its reserves were affected. No timeline for resuming services was provided in the statement.
Decentralized yield protocol Neutrl said its services remain paused as it reviews available reserves and prepares a recovery process.
In a post on X, Neutrl said: 「Due to the complexity of the current situation, Neutrl services remain suspended. Our top priority is to secure the best possible outcome for users. We are currently evaluating available reserves and developing an orderly recovery process plan. Once the next steps are confirmed, we will release more information immediately.」
According to an earlier update, Neutrl announced last week that it had temporarily stopped minting, redemptions, and other protocol functions because the protocol’s reserves had been affected.
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