@MuDigitalHQ

The official Mu Digital redemption portal has launched: https://t.co/zqYqdqJ5aB Eligible users may now connect their wallet to review redemption information and, where applicable, proceed with a claim. Please read all portal terms and instructions carefully before taking action.

An update for the Mu Digital community on next steps 1/ Mu Digital expects to launch an official redemption portal within the next 14 days. The portal and its underlying smart contract are currently being built and independently audited 2/ Once live, the portal will allow eligible holders of Mu Digital products to check their eligibility and, where eligible, redeem for USDC in accordance with our Redemption Protocol, which will be shared, and subject to applicable law 3/ To set expectations clearly: redemption amounts are not guaranteed at par. Final redemption amounts will depend on the assets available for distribution following the wind-down, taking into account recoverable assets, realized losses and wind-down costs 4/ The purpose of a single official redemption process is to protect the assets available for distribution from disorderly or preferential redemptions and ensure all eligible holders are treated consistently. No redemptions will be processed outside the portal 5/ The portal will be announced only through this account and our official channels. We will never DM you, ask for your seed phrase, or ask you to send funds. Please be alert to scams during this period More information - including eligibility details, the redemption methodology, and how to claim - will be shared when the portal is ready for launch. This update is intended to provide advance notice only. The Redemption Protocol published at launch will govern the redemption process Thank you for your patience

Effective immediately, Mu Digital has commenced the orderly wind-down of its products, including AZND, loAZND and muBOND. Over recent days, we have received an increased volume of enquiries regarding redemptions, both directly and through our product integrations. We are aware of recent market commentary regarding Mu Digital, as well as broader developments affecting protocols operating within the space, which have contributed to increased uncertainty and heightened redemption activity. Our priority is to conduct an orderly and transparent wind-down while the appropriate legal, operational and technical processes are undertaken. We are working closely with legal counsel and other advisors to determine the appropriate process for the wind-down of the Protocol, including the treatment of outstanding positions and the redemption process, having regard to the applicable contractual arrangements, legal considerations and other relevant factors. Further updates will be communicated through Mu Digital's official channels as they become available. Please rely only on official Mu Digital communications for any updates.

Asia is the new yield frontier @CoinGecko just covered how Mu Digital and @pendle_fi are bringing Asian credit yield onchain 🐂 PT-loAZND → fixed yield 🐂 YT-loAZND → leveraged yield trading Full article: https://t.co/weCPNcMmPv

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