The new decentralized financing protocol (DEFI) Neutrl aims to provide a trade trade trade – formerly limited to sophisticated investors – to the masses in the form of a cryptographic token.
The protocol launches its nusd “synthetic dollar” token, designed to generate yields as an arbitrager the Altcoin agreements at a reduced price on the over -the -counter markets (OTC), the team at Coindesk said in an exclusive interview.
Neutral also raised $ 5 million in seed financing led by the Digital Private Market Asset Stix and the Capital-Compass Company. They were joined by Amber Group, SCB Limited, in capital and emerging alongside a range of investors favorable to Crypto, including the founder of Ethena, Guy Young and the Derivated Joshua Lim derivative of Arbelos Markets, recently acquired by Falconx.
Tokenized hedge fund strategy
Neutrl is the last entrant to the list of rapidly growing protocols which offer investment strategies in the form of hedge funds wrapped in a token at a stable price, often called “synthetic dollar”. The Defi protocol of $ 6 billion, Ethena, led the trend, providing yield to chip holders via the holding of Spot cryptos and perpetual future, cultivating the funding rate.
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The neutrl structure is built around the purchase of altcoins locked at discounts on private markets, then the cover of exposure to perpetual future. For example, a merchant can acquire Avox Sol or Avalanche de Solana to a 20% discount from a foundation and simultaneously open a short position for the token. The yield comes from the price difference, not from the market movement.
This is a popular investment strategy of hedge funds producing double -digit yields to sophisticated investors who do not want to take directional bets on crypto prices, said the co -founder of Neutrl Behrin Naidoo in an interview.
But, instead of managing these professions manually, neutral users can have a single token – nusd – which summarizes the strategy, opening access to a wider set of investors, he said.
With a flow of Altcoin unlocked in the coming years, neutral estimates that there is a $ 10 billion market for locked tokens. This offers an attractive performance opportunity for investors, especially now when the crypto gives compressed decentralized finances at multi -year stockings, Naidoo said.
Neutrl aims to reach $ 2 billion in assets in the two years, he added.
