ME News reports that on August 14 (UTC+8), the Neutrl Foundation, a decentralized yield protocol, tweeted that after temporarily suspending minting, redemption, and core protocol functions, the team has released a detailed protocol recovery plan for community voting. The plan includes: restructuring the reserve framework to prevent similar incidents, phasing in the gradual reopening of minting and redemption functions, updating the risk management model and enhancing transparency of real-time reserve reporting, and providing compensation and recovery allocations to users who held positions during the suspension. Voting is now open and will last for five days. If the proposal passes, protocol functions will be restored within 48 hours of final vote confirmation under the new framework, and eligible users will receive proportional recovery allocations. If the proposal fails, the team commits to submitting a revised plan within 14 days based on community feedback. Previously, Foresight News reported that Neutrl announced it had temporarily halted minting, redemption, and other protocol functions due to impacts on its reserve. (Source: Foresight News)
Neutrl Proposes Protocol Recovery Plan for Community Vote
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Summary
On August 14 (UTC+8), the Neutrl Foundation proposed a protocol update to restore core functions following a temporary pause. The plan includes reserve restructuring, phased reopening of minting, upgrades to the risk model, and user compensation. A five-day community vote has begun, with functions set to resume 48 hours after approval. If rejected, a revised plan will be submitted within 14 days. Federal Reserve developments may influence future risk strategies.
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