3d ago
🔥 Neutrl: Real Yield, No Bullshit 🔥
→ Forget fake APYs
→ $NUSD: A stablecoin with a 20-30% yield?!
→ OTC arbitrage can revolutionize yield-bearing stablecoins!
Here’s why this might be best stable yield in DeFi 👇
1/ Intro
@neutrl_labs is a market-neutral synthetic dollar that turns pro OTC + perp hedging into on-chain yield!
2/ Backers
Raised $5M by @ambergroup_io, @nascent, @figmentcapital, @accomplices, @stix_co, @dcfgod, @will__price, @leptokurtic_, @joshua_j_lim and others.
@neutrl_labs 3/ How it works 👇
→ $NUSD ERC-20, fully backed, fast redeem 1:1
→ $sNUSD staked NUSD; yield-bearing; yield re-indexed each epoch
What are the protocol's revenue sources?
3/ Yield sources for $sNUSD
1) Hedged OTC Deal Discounts
2) Delta-Neutral Yield Strategies
3) Yield-Bearing Stablecoins
All protocol income - basis arbitrage, OTC carry, onchain reference yield pools - flows to the yield pool.
3.1/ OTC Arbitrage
Example: MagicEden Foundation is selling $ME with a 35% discount and a 6-9 month linear vesting period
@neutrl_labs team purchases $ME tokens and opens a 1x short on perps to hedge against volatility risk
Revenue Generation: after the vesting period ends, the Neutrl team sells the unlocked $ME tokens and closes the short position
ROI: 20-40%
3.2/ Delta-Neutral Yield Strategies
Mechanism: Delta-neutral strategies like perpetual futures funding arbitrage and basis trading exploit derivatives market inefficiencies, neutralizing price risk.
Revenue Generation: Earn yield from funding rate differences or price spreads, avoiding market volatility
3.3/ Yield-Bearing Stablecoins ( $USDf, $cUSDO and etc)
Mechanism: Part of the protocol's reserves is allocated to yield-bearing stablecoins, tracking overnight "tradfi" risk-free rates.
Revenue Generation: Stables generate low-risk yields, serving as primary reserves for redemptions and capital needs
4/ How to farm:
• Go to
• Deposit $USDT → receive $preNUSD
• Earn: Neutrl Points / Upshift Points / $XPL rewards
→ Lock: 2.5 months!
5/ I have built a Dune dashboard tracking preNUSD inflows!
Check it out to see which VCs joined the pre-deposit vault 👇
→
→ Drop a stars if you like it!
@neutrl_labs @valueaccrual 6/ Main Risk:
- Negative funding rates can eliminate all yields.
- A sudden altseason may trigger short squeezes.
But!
@behrin_n shared surprising stats: 77.5% of all days from April 2024 to 2025, altcoins had positive funding rates!
7/ My Take
I’m farming!
The OTC arbitrage model is clever but risky
Still, seeing $50M filled in 20 minutes shows massive demand
Neutrl is redefining real yield
Sustainable, neutral, and fully backed by smart money.
What’s your take. Alpha or overhyped? 👇
Shout-out to:
@0xTAY_
@0xmjt
@neutrl_labs
@0xasht
@valueaccrual
@MiMe_CH
@behrin_n
@Defi_Warhol
@ViktorDefi
@0xFastLife
@zerokn0wledge_
@terra_gatsuki
@BitKing_1
@BobtheBuildooor
@Deebs_DeFi
@MaransCrypto
@asedd72
4.64K
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