Neutrl USD(NUSD)

Overview

Neutrl USD (NUSD) is a market-neutral synthetic dollar issued by the Neutrl protocol, structured so that it does not carry directional exposure to the price of its underlying assets. NUSD is described as fully collateralized, and the protocol states that it aims to provide transparency into how that collateral is held and deployed.

Neutrl sources yield by combining OTC arbitrage, perpetual futures funding rate capture, and other market-neutral DeFi strategies. It focuses on segments that have historically seen limited use for such strategies, including OTC and altcoin markets, and positions itself as an access point for both institutional and individual users.