Neutrl sNUSD
Live . ethereum . 0x08EFCC2F3e61185D0EA7F8830B3FEc9Bfa2EE313
What this vault advertises, against what it actually paid, measured from its own share price on chain over a 30 day window. Everything below is recomputed hourly and every figure on this page comes from the snapshot named at the bottom. Nothing here is typed by hand.
Advertised
2.20%
30 day average
Realized
0.00%
30 day window
Gap
advertised figure not read recently enough to compare
advertised figure last read on 2026-08-31 and now older than we will difference against a live reading, so no gap is stated.
What Neutrl published.
30D AVERAGE APY 2.2%
Figure we recorded
2.2%
Basis
30 day average (trailing-30d)
Label on their surface
30 day average APY
Read on
2026-08-31
Age at the end of our window
27.8 days, limit 10
Source
https://www.neutrl.finance/performance
Open the page we read it from. It is a first-party surface by rule. An aggregator figure is never recorded in this column, whatever it says.
This capture is older than we will difference against a live reading, so no gap is stated above. That is our own staleness, not theirs. Both numbers stay visible with their dates.
Other figures this protocol publishes
- 0% 7 day average APY (7 day average, read 2026-08-31)
- 7.8% ITD APY (since inception, read 2026-08-31)
Recompute it yourself.
The realized figure is two calls and one exponent. Both calls are pinned to a block height, so they return the same values for you as they did for us, forever. Use any archive endpoint. We deliberately do not name one: a reproduction that runs on our RPC is not a reproduction.
The call
Chain
ethereum
Contract
0x08EFCC2F3e61185D0EA7F8830B3FEc9Bfa2EE313
Method
convertToAssets(uint256)
Argument
1000000000000000000 (one whole sNUSD share, 18 decimals)
eth_call data
0x07a2d13a0000000000000000000000000000000000000000000000000de0b6b3a7640000
Returns
NUSD, 18 decimals
The argument is one whole share in the SHARE token's own decimals, which is not always eighteen. Kerne's own skUSD reports twenty four, so calling it with 1e18 returns a millionth of the right answer. Ask the vault for its decimals rather than assuming, exactly as our collector does.
At the start of the window
Block
25855574 (0x18a8656)
Timestamp
1787942219 (2026-08-28 18:36 UTC)
Share price returned
1.064387162516178975
At the end of the window
Block
26070623 (0x18dce5f)
Timestamp
1790534219 (2026-09-27 18:36 UTC)
Share price returned
1.064387162516178975
Start of window, cast
RPC_URL=... cast call 0x08EFCC2F3e61185D0EA7F8830B3FEc9Bfa2EE313 "convertToAssets(uint256)(uint256)" 1000000000000000000 --block 25855574 --rpc-url "$RPC_URL"End of window, cast
RPC_URL=... cast call 0x08EFCC2F3e61185D0EA7F8830B3FEc9Bfa2EE313 "convertToAssets(uint256)(uint256)" 1000000000000000000 --block 26070623 --rpc-url "$RPC_URL"Start of window, raw JSON-RPC
{"jsonrpc":"2.0","id":1,"method":"eth_call","params":[{"to":"0x08EFCC2F3e61185D0EA7F8830B3FEc9Bfa2EE313","data":"0x07a2d13a0000000000000000000000000000000000000000000000000de0b6b3a7640000"},"0x18a8656"]}End of window, raw JSON-RPC
{"jsonrpc":"2.0","id":1,"method":"eth_call","params":[{"to":"0x08EFCC2F3e61185D0EA7F8830B3FEc9Bfa2EE313","data":"0x07a2d13a0000000000000000000000000000000000000000000000000de0b6b3a7640000"},"0x18dce5f"]}Both calls return an integer in the smallest unit of NUSD. Divide by 10 ** 18 to get the share price printed above. Set RPC_URL to any archive endpoint you trust.
The arithmetic
growth = 1.064387162516178975 / 1.064387162516178975
elapsed = 1790534219 - 1787942219 = 2592000 seconds
annualized = (growth ^ (31536000 / 2592000) - 1) * 100
= 0% (0% over the window)
Simple compounding at the observed rate, on a 365 day year. No fee assumption, no reinvestment assumption, no smoothing. If your arithmetic lands somewhere else, that disagreement is the finding and we want it: liam@kerne.fi.
Neutrl's right of reply.
Neutrl did not ask to be measured and has not sent a reply. This slot is open, free, permanent and published unedited, including a reply arguing that our method is wrong. Nothing is charged for it and nothing is offered in exchange.
The terms, and the form, are at the Right of Reply. If the disagreement is about arithmetic rather than framing, the faster door is the checker: send the two block heights and the two share prices you read, and the figure is corrected in public.
Context for this row.
Live, and the row where re-reading the advertised column changed the answer. Neutrl labels the basis on every APY it publishes, which is better discipline than most of this sector manages, and on 2026-08-31 both of the figures it publishes reconcile with what we compute independently on chain: a 30 day average of 2.2 percent against our own 30 day reading near 2.24, and a 7 day average of 0 percent against a share price that has not moved by a single wei in ten days. That zero is Neutrl's own published figure and it is correct. sNUSD accrued at about 4.1 percent a year through 2026-08-17 and has accrued exactly nothing since 2026-08-18, so both columns on this row are falling together and the protocol is saying so on its own surface. Two things for a reader to hold rather than a verdict. The performance page still stamps itself "as of Aug. 13, 2026" while carrying figures that track the chain to today, so the stamp is older than the numbers beside it. And the since inception figure it leads with, 7.8 percent, is a multiple of what a holder earns now; that label is present and accurate on their own surface, so the figure is shown here as context and not as a claim about current yield.
This page measures one axis and one only: advertised yield against realized yield. It is not a rating, not an audit, and it says nothing about whether Neutrl is safe or whether its reserves are what it says they are. A protocol in an announced wind down paying nothing is behaving correctly. The reserve axis is a different page, at the reserve transparency scorecard.
Take this row with you.
This page
https://kerne.fi/honesty-index/neutrl-snusdCitation
Kerne Honesty Index, 2026-09-27: Neutrl (sNUSD) advertised 2.20%, realized 0.00% from on-chain share-price growth, gap advertised figure not read recently enough to compare (advertised figure last read on 2026-08-31 and now older than we will difference against a live reading, so no gap is stated). Source: https://kerne.fi/honesty-index#row-neutrl-snusdBadge, markdown
[](https://kerne.fi/honesty-index#row-neutrl-snusd)Badge, HTML
<a href="https://kerne.fi/honesty-index#row-neutrl-snusd"><img src="https://kerne.fi/honesty-badge.svg?row=neutrl-snusd" width="360" height="112" loading="lazy" alt="Kerne Honesty Index: advertised versus realized yield"></a>Row in the API
https://kerne.fi/api/honesty-index/row/neutrl-snusd
Where these numbers came from.
Snapshot generated
2026-09-27 18:37 UTC
Snapshot source
live store
Signature
verified, signer 0x84949170e0ad0f9bd8686a4aa4922c10f5fdc4ea
Row key
neutrl-snusd
The signature is checked on every render rather than assumed from the presence of a field. A snapshot that does not verify is served with that said plainly instead of borrowing the word.
Board last read 2026-09-27. Every figure on this page is regenerated from https://kerne.fi/honesty-index and none of them is stored in this file.