Lulo reports 6.4% drawdown on Boost deposits from Neutrl exposure

Lulo reported a 6.4% drawdown on its Boost deposits stemming from exposure to Neutrl, a reminder of counterparty and protocol risk in DeFi yield products. The loss is contained rather than systemic, but it may prompt depositors to reassess risk management and withdraw from similarly structured yield offerings. Traders should watch for contagion or further disclosures from Lulo and Neutrl that could affect DeFi sentiment.