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Neutra Finance

Derivatives · Delta-Neutral

NetworkDerivativesDelta-NeutralAuto-Strategy1 coinsVerified

Neutra Finance offers automated delta-neutral strategy vaults that pair yield-bearing positions with short hedges to target market-neutral returns on Arbitrum.

Automated delta-neutral yield strategies.

Protocol TVL

$11.9M

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Research

Components, facts, FAQ, timeline, and tokenomics in one place

Main components (4)

1

nGLP Market-Neutral Vault

The flagship automated strategy vault. Users deposit DAI (later also GLP directly); the vault buys GMX's GLP liquidity token (a basket that is ~50% stablecoins and ~50% BTC/ETH and other majors) and simultaneously opens leveraged short BTC and ETH perpetual positions on GMX to hedge the volatile exposure, targeting a market-neutral return derived from GLP's fee/esGMX yield.

2

Rebalancing engine (Tolerance Band Volatility Model)

A proprietary rebalancing algorithm using ATR (Average True Range) to predict volatility ranges and pre-emptively rebalance the short hedge when combined asset-weight deviation plus predicted volatility exceeds an optimal threshold (~2.6%), aiming to hold delta near zero while minimizing rebalancing cost and liquidation risk.

3

NEU / esNEU token system

NEU is the utility and governance token (6M max supply). esNEU is escrowed NEU distributed to NEU stakers and vault participants; it vests linearly into NEU over 12 months. Staking NEU earns protocol fees (in stablecoins), esNEU, and fee boosters.

4

Uniswap V3 delta-neutral vault (nUSDC LP, V3 pivot)

Following a Q3 2023 strategic overhaul, the team pivoted toward a 100% Uniswap V3 delta-neutral LP strategy (backtested D7.5r15 configuration: 7.5% debt ratio, 15% tick spread), intended to replace the GLP vault. As of the last public updates the optimized parameters were still being finalized and the strategy had not been confirmed as fully launched.

Differentiator

Packaged delta-neutral strategies (long yield asset + short perp hedge) as auto-managed vaults for passive market-neutral yield.

Organizational structure

Units & roles

  • Neutra Finance team

    The protocol was built and operated by a small, largely pseudonymous team publishing under the 'Neutra Finance' identity on Medium and X. No verified individual founder identities are publicly documented; the team collaborated with GMX, RoboLabs, and CertiK on the V2 vault.

    Pseudonymous core team

Similarity to traditional finance products

How Neutra Finance maps onto established TradFi structures, and where it diverges.

TradFi productSimilarity to Neutra FinanceKey differences
Market-neutral / long-short hedge fundLike a market-neutral hedge fund, the nGLP vault paired a yield-bearing long position (GLP) with offsetting shorts (BTC/ETH perps) so returns came from carry/yield rather than directional market moves, targeting positive returns in any market direction.Fully on-chain, non-custodial, and automated by smart contracts rather than a fund manager; returns depended on DeFi-native yields (GLP fees, esGMX) and were exposed to smart-contract, oracle, and perp-funding risks absent in a traditional fund. No investor accreditation, lockups managed by contracts, and no legal fund wrapper or redemption guarantees.

Data sources

Research agent