Lulo protocol Boost deposit drawdown of 6.4%, users can redeem about half of their funds

The Lulo protocol Boost deposit experienced a drawdown of approximately 6.4% due to exposure to Neutrl Finance, while the protected deposit principal was not affected. Neutrl Finance's reserve liquidity has been damaged, and it is currently open for redemption at a ratio of approximately 0.51 US dollars to 1 US dollar. Affected users can retrieve about half of their funds. The Lulo protocol states that this incident was not caused by a hacker attack or a smart contract vulnerability.