Neutrl: The Stablecoin Aiming to Solve the Trilemma
In the world of crypto, there’s always been one big dream: a stablecoin that can combine price stability, real yield, and decentralization — all at once.
So far, no one has truly succeeded. This is known as the Stablecoin Trilemma: most projects manage to deliver only two out of the three.
Take USDT and USDC — they offer price stability but no meaningful yield. Then there are decentralized options like DAI or FRAX, which prioritize transparency and autonomy, but often struggle with volatility or overcollateralization. Others go all-in on yield, inflating returns through constant token emissions with little long-term value.
Neutrl enters the scene with a different promise: a collateral-backed stablecoin — likely to be called $NUSD — that offers real returns while maintaining stability and transparency.
What Does “Real Yield” Mean?
Forget about the typical 20% APY promised by unsustainable DeFi farms.
Real yield is based on measurable, real-world financial activity: things like OTC arbitrage, low-risk lending, and delta-neutral trading strategies.
In short: income generated by actual market operations — not accounting tricks or made-up rewards.
Two Strategies, One Vision
Neutrl’s model is inspired by tools used by hedge funds and professional market makers — but reimagined for the Web3 world through tokenization.
1. OTC Arbitrage
This first strategy is all about buying crypto assets at a discount during private or early-stage rounds — usually via tokens or SAFTs (Simple Agreements for Future Tokens).
That’s nothing new.
What’s smart is what comes next.
Once Neutrl buys discounted tokens, it opens a short position on the same asset — not because it expects the price to drop, but to lock in profits and hedge against price swings.
Even if the market moves before the tokens unlock, the gain is protected. It's a clever risk-hedging approach designed to neutralize volatility.
2. Delta-Neutral Spread Trading
This strategy takes inspiration from protocols like Ethena, Resolv, or Elixir, and it exploits the difference between the spot and futures markets.
Neutrl buys an asset like BTC, ETH, or SOL on the spot market, while simultaneously opening an opposite position (short) in the futures market. This creates a delta-neutral position — where price movements cancel each other out.
The profit doesn’t come from market direction, but from the spread between the two markets. In some cases, Neutrl also earns from the funding rate, a fee periodically paid between futures traders.
The result?
Consistent, relatively stable returns — without relying on hype, luck, or perfect timing.
Built for Transparency and Trust
To build user confidence, Neutrl has invested in a strong and transparent infrastructure:
All protocol positions are monitored in real time
Daily Value-at-Risk (VaR) calculations and stress tests are conducted
Funds are held off-exchange via trusted partners like Fireblocks, Copper, and CEFFU
Vesting contracts are managed through secure escrow mechanisms
Why Now?
The timing couldn’t be better.
Users are tired of inflated promises and unsustainable tokenomics. They’re looking for serious, transparent projects that deliver understandable strategies and genuine results.
Thanks to advances in crypto infrastructure, strategies once reserved for institutional players can now be made available to everyone.
What’s Next?
Neutrl has already raised $5 million in Seed funding, led by STIX and Accomplice, with backing from names like Amber Group, SCB Limited, Figment Capital, Nascent, and notable figures including Guy Young (Ethena) and Joshua Lim (Arbelos Markets).
According to a report by CoinDesk in April 2025, the protocol is preparing to officially launch $NUSD, targeting liquidity from both OTC markets and retail users.
A waitlist is already live for early adopters ready to test this next-generation stablecoin.
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