Neutrl, an innovative decentralized finance (DeFi) protocol focused on generating market-neutral yield, has announced its public launch today. Drawing from a successful $75 million pre-deposit vault campaign, the platform is set to open access to high-performance yield strategies through its synthetic dollar token, $NUSD. This move seeks to redefine crypto yield generation by making institutional-grade opportunities available to retail users, as detailed in the company's official blog post.

Founded with the vision of offering the highest source of crypto-native yield, Neutrl leverages over-the-counter (OTC) arbitrage, liquid basis trading, and staked collateral to deliver asymmetric returns without directional market risk. "Neutrl was created to redefine how yield is generated in crypto," the blog states, emphasizing its focus on unlocking proprietary orderflow and strategies historically reserved for insiders and institutions.

The protocol's core mechanism involves acquiring discounted private-market assets via OTC deals and hedging them delta-neutrally across spot and derivatives markets. This not only secures profits as positions vest but also captures funding premiums, compounding returns in any market condition. Users can mint $NUSD by depositing stablecoins like USDC, USDT, or USDe, then stake it for $sNUSD to earn yields from these strategies. Additional rewards come from locking positions for fixed durations, enhancing point multipliers.

Neutrl's portfolio is divided into three key components for balanced yield and risk management:

Liquid Reserves: Held in stablecoins and yield-bearing instruments to ensure immediate liquidity for redemptions and base yields.Hedged OTC Positions: Discounted assets acquired OTC, fully hedged to eliminate price risk, providing steady realized yields.Liquid Delta-Neutral Strategies: Including perpetual funding arbitrage and basis trading to exploit derivatives inefficiencies without market exposure.

The launch introduces the Neutrl Origin Program, a points-based incentive system rewarding participation and long-term commitment. Users earn Neutrl Points through holding $NUSD, staking for $sNUSD, locking assets, providing liquidity on platforms like Curve, or using tokens as collateral in approved DeFi venues. Multipliers increase with longer lock durations, incentivizing sustained engagement and ecosystem growth.

For participants in the pre-deposit vault run with K3 Capital, rewards are already accruing. Holders of preNUSD earn five points per token daily, with an upcoming airdrop of upNUSD representing their vault share. This managed vault automates yield and point generation during a 2.5-month lockup, after which users can redeem for $NUSD and continue staking. Separate incentives like XPL and Upshift Points are claimable via Merkle.

Read More:
https://www.neutrl.fi/blog/neutrl-public-launch