🟪 The future of Web3 lies in the Asia-Pacific

In a year when global investment in Web3 seemed to be slowing down, APAC investment has been accelerating.

January 07, 2024

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The future of Web3 lies in the Asia-Pacific

In a year when global investment in Web3 seemed to be slowing down, APAC investment has been accelerating. Read More

Top Stories

  1. Funding Wrap: 2024 kicks off with Solscan deal, Saylor sales — Read

  2. Grayscale, Fidelity join expanding fray in final stretch for a possible spot bitcoin ETF — Read

  3. DCG repays all short-term loans to Genesis — Read

  4. 26 months after bitcoin futures ETFs launch, traders brace for a spot product — Read

  5. BlackRock, Valkyrie inch closer to potential spot bitcoin ETF decision — Read

Top Insights

  1. Crypto lending is nothing without transparency — Read

  2. How RWAs robbed 2023 of its liquidity — Read

  3. Privacy is going mainstream — Read

  4. NFTs are the new cookies — Read

  5. It’s a Solanaissance: These 5 charts will cure the Ethereum vibecession — Read

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The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

recent research

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Research

Neutrl: Unlocking Institutional OTC Yield for Stablecoins

Neutrl is a synthetic dollar protocol designed to monetize structural inefficiencies in crypto markets, with a particular focus on hedged OTC token arbitrage. By pairing discounted locked-token purchases with delta-neutral hedging, the protocol offers yields that are less dependent on funding rate cycles than traditional cash and carry strategies. Early traction has been strong, with TVL growing from $120M to $210M following the removal of deposit caps, while sNUSD currently yields materially more than competing yield-bearing stablecoins. The key question for Neutrl is scalability: whether access to high-quality OTC deal flow and disciplined liquidity management can support continued TVL growth without compressing returns.

by Kunal Doshi

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