đ„ Neutrl: Real Yield, No Bullshit đ„
â Forget fake APYs
â $NUSD: A stablecoin with a 20-30% yield?!
â OTC arbitrage can revolutionize yield-bearing stablecoins!
Hereâs why this might be best stable yield in DeFi đ

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 đ
â $NUSD ERC-20, fully backed, fast redeem 1:1
â $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:
âą Go to
âą Deposit $USDT â receive $preNUSD
âą Earn: Neutrl Points / Upshift Points / $XPL rewards
â 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 đ
â
â 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
Iâm 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.
Whatâs your take. Alpha or overhyped? đ
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
4,65Â k
6
Le contenu de cette page est fourni par des tiers. Sauf indication contraire, OKX nâest pas lâauteur du ou des articles citĂ©s et ne revendique aucun droit dâauteur sur le contenu. Le contenu est fourni Ă titre dâinformation uniquement et ne reprĂ©sente pas les opinions dâOKX. Il ne sâagit pas dâune approbation de quelque nature que ce soit et ne doit pas ĂȘtre considĂ©rĂ© comme un conseil en investissement ou une sollicitation dâachat ou de vente dâactifs numĂ©riques. Dans la mesure oĂč lâIA gĂ©nĂ©rative est utilisĂ©e pour fournir des rĂ©sumĂ©s ou dâautres informations, ce contenu gĂ©nĂ©rĂ© par IA peut ĂȘtre inexact ou incohĂ©rent. Veuillez lire lâarticle associĂ© pour obtenir davantage de dĂ©tails et dâinformations. OKX nâest pas responsable du contenu hĂ©bergĂ© sur des sites tiers. La dĂ©tention dâactifs numĂ©riques, y compris les stablecoins et les NFT, implique un niveau de risque Ă©levĂ© et leur valeur peut considĂ©rablement fluctuer. Examinez soigneusement votre situation financiĂšre pour dĂ©terminer si le trading ou la dĂ©tention dâactifs numĂ©riques vous convient.

