what's neutrl?
Neutrl is a DeFi protocol that offers a market-neutral synthetic dollar called NUSD, designed to generate scalable yields through arbitrage strategies in OTC and altcoin markets. It leverages locked altcoins from a $10 billion private market to create institutional-grade, delta-neutral returns without exposure to market volatility. The protocol's yield-bearing token, sNUSD, has demonstrated high APYs, such as 30%, by pairing discounted OTC tokens with perpetual shorts for arbitrage opportunities. Neutrl recently raised $5 million in seed funding to expand its synthetic dollar offering, with upcoming features like the Neutrl Origin Program as a points system to reward early users and contributors. Security audits, including one by Cantina covering NUSD and sNUSD contracts for issuance, redemption, and yield mechanisms, ensure robust risk management, such as matching lock-up periods to OTC timelines to mitigate liquidity risks during redemptions.
neutrl's sNUSD/NUSD ratio shifted from 35% to 66%.
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x.com/neutrl_labsThe sNUSD/NUSD ratio shifted from 35% to 66%.
sNUSD's Implied APY decreased from 14.6% to 12.6% following a large PT influx, with the underlying APY at 12.56%.
Current staking metrics show 36% staked APR and 19.7% staked percentage, with base APR calculated at 7.3%.
Yield distribution mechanism shifts from weekly 8-hour distribution to continuous 7-day payout of prior week's yield, causing temporary display issues on Pendle interface showing 6% APY instead of actual ~19% APY.
sNUSD delivers 21.77% in 7-day average yield, ranking first among 15 competing stablecoin products including yUSD at 12.62% and savUSD at 12.15%.
Equilibria integration goes live offering 250% vePENDLE boost for sNUSD yields and 25x Neutrl Points multiplier across multiple deposit options including sNUSD, NUSD, stablecoins, and Pendle LP/PT.
FourPillars releases a new Neutrl dashboard, marking the first project from their new Data Engineer HEUN.
Points tracking dashboard goes live, enabling users to view program details and check their rankings.
Neutrl serves as an example of using AccountableData Proof of Solvency dashboard for verifiable asset and liability transparency.
Pendle adds new markets featuring Lido and Neutrl integration.
PT-sNUSD launches on Pendle offering 17.86% fixed APY, priced at $0.96 for $1, with underlying sNUSD yielding approximately 17.48% APY.
New Pendle pool added for sNUSD with March 5th expiry on Ethereum.
sNUSD launches on Pendle Finance with PT offering 17% fixed yield.
NUSD integrates with Equilibria to provide boosted APY on Pendle positions with 50x Neutrl Points, accepting multiple stablecoin deposits including NUSD, USDe, USDC, and USDT.
Boosted $PENDLE yields go live on the $nUSD pool on Pendle Finance.
Pendle NUSD pool reaches $5M swap depth in one day with 9.4% fixed APY for 92 days available.
Neutrl launches PT/YT markets on Pendle Finance with 15% fixed rate yields.
New NUSD pool launches on Pendle Finance offering 14% fixed APY for 93 days through PT-NUSD and 30x leverage for Neutrl points through YT-NUSD.
Collaboration with Pendle Finance announced through joint-sponsored content.
Pendle markets launch with $31M day 1 liquidity, 15% Fixed APR, and 50x points multiplier for YTs with 93-day expiry.
Neutrl implements a Proof of Solvency dashboard built by AccountableData to verify assets and liabilities using zero-knowledge proofs for financial reserves.
$NUSD launches with OTC yield and full transparency features.
Hiring expands to include Platform & Infrastructure Engineer and Quantitative Researcher positions in addition to the previously announced Quantitative Trader role.
Neutrl publishes an explanation of how they value their OTC deals.
Neutrl Labs opens hiring for a remote full-time Quantitative Trader position.
Neutrl is hiring for three remote roles including Platform & Infrastructure Engineer, Quantitative Researcher, and Quantitative Trader.
Neutrl's representative @behrin_n participates in a live event today at 11AM ET on 11AMdotclub alongside representatives from dmdotfun and clanker_world to discuss crypto native yield, chat, trade, and meme topics.
NUSD and sNUSD go live on Stargate with LayerZero OFT standard adoption, enabling cross-chain movement between Ethereum and Plasma at 1:1 rate with no slippage.
TVL reaches $120m with points program distributing 5 points per NUSD for both holding and LP positions.
Season 1 farming is active with historical APRs in low double-digits and live APRs expected in coming weeks, partnership with 0xGroomLake added for operational security.
Neutrl is among projects with potential exchange listings anticipated this week.
$NUSD and $sNUSD tokens launch publicly tomorrow, users can mint and stake $NUSD to access yield-generating strategy.
Hiring a Platform & Infrastructure Engineer for full-time remote position to build platform capabilities.
The platform officially opens to all users on Monday, November 10.
Raises $50M from private LPs and $75M in pre-deposit vault, with STIX co-leading the seed round announced in April.
Partnership announced with Accountable focused on transparency for tokenized OTC Basis.
Neutrl Labs is listed among DeFi projects expected to have a Token Generation Event between now and end of year.
Has $75M in deposits locked for 2.5 months.
Public launch is coming for the project.
Hiring expands to include Quantitative Researcher and Quantitative Trader positions.
Opens a new position for a Platform & Infrastructure Engineer as a remote full-time role.
The team is hiring a Trading Systems Engineer for a remote full-time role.
Ranks #27 among all crypto projects for highest smart follower growth over the last 2 days according to @_dexuai data.
Caps hit $75M.
The project raised $5M in funding for its platform offering market-neutral crypto yields through synthetic dollars and delta-neutral trading strategies, with points farming available through stablecoin deposits.
A representative appears on Rollup TV at 12:30p ET in a scheduled lineup that includes Berachain and ElizaOS representatives.
Venture firm Accomplices discloses an investment in neutrl_labs made during Q1/Q2 of the past year, noting the project has gained popularity since the early investment.
A final pre-deposit vault cap increase opens before the full platform launch, representing the last deposit opportunity following the two previous vaults that filled rapidly.
The team is hiring for four remote roles spanning platform infrastructure, quantitative research, and trading systems engineering.
A second pre-deposit vault opportunity opens after the first vault filled in 18 minutes, giving missed participants another chance to deposit.
The platform now holds $580M in vaults with 44K people farming points, showing significant expansion from the $52M TVL reported earlier. The USDai strategy remains unchanged.
The $50M pre-deposit cap was filled in 20 minutes.
First public pre-deposit launches October 15 (1 PM CET) with $50M cap on Ethereum mainnet, offering 450K XPL rewards from Plasma campaign and managed by K3 Capital. Private beta achieved 26-30% APY with $52M TVL, backed by Nascent, Figment Capital, and Amber Group, with partnerships including Stix, Fireblocks, Copper, and Upshift.
Neutrl Labs opens public deposits with USDT support, reporting 30% APY for early beta users and $52M TVL.
Three additional hiring roles are announced: Quantitative Researcher, Quantitative Trader, and Trading Systems Engineer, expanding beyond the previously announced Platform & Infrastructure Engineer position.
The platform currently holds $52M TVL and successfully maintained operations through yesterday's market selloff, validating system resilience under stress conditions.
The project is hiring a Platform & Infrastructure Engineer for a remote, full-time position, indicating team expansion ahead of upcoming launches.
Token ticker $NUSD is disclosed, with the project's yield generation mechanism specified as tokenizing OTC deals and hedging.
The Origin Program launches as a points system rewarding early contributors and users of the synthetic dollar.
A pitch presentation is scheduled today featuring the project alongside prominent crypto investors and projects including DeFiance Capital, Jupiter Exchange, Folius Ventures, and Mantle Official.
An investor publicly discloses making a bet on the project this year, citing belief in tradfi adoption of crypto rails and demand for institutional grade yield products.
A TGE is scheduled for Q4, marking a significant upcoming financial milestone for the project.
A comprehensive hiring expansion is underway with 4 remote roles being recruited across platform infrastructure, quantitative research, and trading functions.
The project participated in an industry panel discussion about onchain yields alongside established DeFi protocols Maple Finance and Theo Network, organized by Four Pillars, indicating new potential collaborations and increased industry visibility.
Public deposits for NUSD and sNUSD tokens are going live soon, with The Edge Newsletter featuring a deep dive on the project's 29% APY market-neutral arbitrage strategy.
The project launches on Plasma platform alongside partner projects USDai_Official, Daylight Energy, and AxisFDN, offering unique yield sources integrated with USDT.
The team is hiring a Trading Systems Engineer, indicating continued expansion of their trading infrastructure capabilities.
The protocol offers 45% APR yields and is gaining media attention with potential Edge Pod podcast coverage.
The company is hiring a Platform & Infrastructure Engineer for a remote, full-time position, indicating team expansion during their pre-launch phase.
The project is listed among potential Q4 crypto launches, indicating an expected launch timeframe in the fourth quarter.
The protocol is set to go live within 1-2 weeks, focusing on OTC Basis trading with promised high yields.
A core team member who helped build the DeFi primitive from scratch has left the project to pursue new opportunities.
Security audit completed by Cantina covering NUSD and sNUSD contracts, including issuance, redemption, and yield mechanisms.
Upcoming $55B token unlock event creates arbitrage opportunities through discounted tokens paired with perpetual shorts.
Lock-up periods for NUSD are matched to OTC position timelines to prevent liquidity crises during redemptions. Risk management includes consideration of negative funding rates for OTC alt shorting.
OTC yield opportunities previously limited to institutions now available to all users through new transparent decentralized protocol.
Market-neutral OTC strategies brought on-chain to generate institutional-grade yield with full liquidity.
Bitcoin-backed, BTC-chain-native stablecoin shows renewed activity
OTC arbitrage strategy demonstrates 30% yields in backtesting, utilizing cash-and-carry and funding rate mechanisms.
New stablecoin project launches featuring ZK-proofs and offline transactions capability, with 120% USDC overcollateralization and led by ex-MetaMask developer.
New tokenization platform launches for OTC crypto deals, focusing on discounted token purchases and perpetual futures hedging.
$5M funding round secured with waitlist now open for early access.
$5M funding round secured for new crypto yield platform with waitlist open.
$5M seed funding round secured, indicating strong institutional backing.
$5M raised to develop OTC arbitrage tokenization platform.
$5M seed round completed with Stix and Accomplice leading the investment.
Delta-neutral yield strategy launches with DCF Capital seed funding, implementing proven OTC token trading model with strict risk management.
New funding round secured with institutional backing; @behrin_n confirmed as CEO and cofounder.
$5M funding round secured from Stix, Amber Group, and Figment Capital to develop yield-generating altcoin trading protocol.