# Table of Contents - [Introduction | Neutral Trade](#introduction-neutral-trade) - [Quant Strategies | Neutral Trade](#quant-strategies-neutral-trade) - [Market Neutral | Neutral Trade](#market-neutral-neutral-trade) - [Why Build Neutral Trade | Neutral Trade](#why-build-neutral-trade-neutral-trade) - [JLP Delta Neutral (JLP in-kind) | Neutral Trade](#jlp-delta-neutral-jlp-in-kind-neutral-trade) - [Hyperliquid Funding Arb (USDC) | Neutral Trade](#hyperliquid-funding-arb-usdc-neutral-trade) - [Directional | Neutral Trade](#directional-neutral-trade) - [Yield Enhancement | Neutral Trade](#yield-enhancement-neutral-trade) - [Deprecated | Neutral Trade](#deprecated-neutral-trade) - [Bet | Neutral Trade](#bet-neutral-trade) - [BTC Super Staking | Neutral Trade](#btc-super-staking-neutral-trade) - [CTA momentum (R* Research) | Neutral Trade](#cta-momentum-r-research-neutral-trade) - [Inverse JLP DN - [Deprecated] | Neutral Trade](#inverse-jlp-dn-deprecated-neutral-trade) - [USDC Basis (PerpsBasket) - [Deprecated] | Neutral Trade](#usdc-basis-perpsbasket-deprecated-neutral-trade) - [Flexible Savings | Neutral Trade](#flexible-savings-neutral-trade) - [Drift Funding Arb (USDC) | Neutral Trade](#drift-funding-arb-usdc-neutral-trade) - [Traders Print Vault -[Deprecated] | Neutral Trade](#traders-print-vault-deprecated-neutral-trade) - [Private Credit | Neutral Trade](#private-credit-neutral-trade) - [Indexes | Neutral Trade](#indexes-neutral-trade) - [Memes ETF (Generational Wealth) | Neutral Trade](#memes-etf-generational-wealth-neutral-trade) - [Pyth Oracles | Neutral Trade](#pyth-oracles-neutral-trade) - [Moon LP | Neutral Trade](#moon-lp-neutral-trade) - [USDC/SOL/BTC/ETH Savings | Neutral Trade](#usdc-sol-btc-eth-savings-neutral-trade) - [Fuel MAXI -[Deprecated] | Neutral Trade](#fuel-maxi-deprecated-neutral-trade) - [Transparency Hub | Neutral Trade](#transparency-hub-neutral-trade) - [Track Our Trades | Neutral Trade](#track-our-trades-neutral-trade) - [APR Calculations | Neutral Trade](#apr-calculations-neutral-trade) - [Aster Funding Arb (USDT) | Neutral Trade](#aster-funding-arb-usdt-neutral-trade) - [HYPE/SOL | Neutral Trade](#hype-sol-neutral-trade) - [ETH Super Staking | Neutral Trade](#eth-super-staking-neutral-trade) - [NT Earn | Neutral Trade](#nt-earn-neutral-trade) - [Hyper JLP | Neutral Trade](#hyper-jlp-neutral-trade) - [Audit | Neutral Trade](#audit-neutral-trade) - [Neutral Trade Points | Neutral Trade](#neutral-trade-points-neutral-trade) - [Brand Kit | Neutral Trade](#brand-kit-neutral-trade) - [CTA SOL Strategy [Deprecated] | Neutral Trade](#cta-sol-strategy-deprecated-neutral-trade) - [How-To-Use Guide | Neutral Trade](#how-to-use-guide-neutral-trade) - [Our Partners | Neutral Trade](#our-partners-neutral-trade) - [JLP Delta Neutral (USDC) | Neutral Trade](#jlp-delta-neutral-usdc-neutral-trade) - [[Hyperliquid] ALT Dominance | Neutral Trade](#-hyperliquid-alt-dominance-neutral-trade) - [Traders Rekt Vault | Neutral Trade](#traders-rekt-vault-neutral-trade) - [SOL Super Staking | Neutral Trade](#sol-super-staking-neutral-trade) - [TermMax (Closed) | Neutral Trade](#termmax-closed-neutral-trade) - [[Hyperliquid] BTC Dominance | Neutral Trade](#-hyperliquid-btc-dominance-neutral-trade) - [Fees + Redemption Period | Neutral Trade](#fees-redemption-period-neutral-trade) - [SOL / ETH Flip | Neutral Trade](#sol-eth-flip-neutral-trade) - [[Hyperliquid] The Big Short | Neutral Trade](#-hyperliquid-the-big-short-neutral-trade) - [Neutral Strategy Vaults | Neutral Trade](#neutral-strategy-vaults-neutral-trade) - [Risk Warnings and Disclaimers Statement | Neutral Trade](#risk-warnings-and-disclaimers-statement-neutral-trade) - [Vaults FAQ | Neutral Trade](#vaults-faq-neutral-trade) - [Neutral Trade User Terms and Conditions | Neutral Trade](#neutral-trade-user-terms-and-conditions-neutral-trade) - [Redemption Period & Withdrawals | Neutral Trade](#redemption-period-withdrawals-neutral-trade) --- # Introduction | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FbGMw8jE6DgubkUOTQ23b%252Fphoto_2024-09-12_20-09-22.jpg%3Falt%3Dmedia%26token%3Dfb33ede7-70bb-47b8-8304-52c71a86e193&width=768&dpr=4&quality=100&sign=1991171c&sv=2) Neutral Trade is the on-chain multi-strategy hedge fund, built by experienced quants and traders from Goldman Sachs and a Top 3 Global Hedge Fund. We offer a cutting-edge solution for investors seeking stable, risk-adjusted returns through innovative delta-neutral trading and liquidity provision strategies. Our first product, the JLP Delta Neutral Vault, operates on Drift’s perpetual markets, utilizing advanced quantitative methods to ensure **zero** exposure to market fluctuations while maximizing profitability. Vaults are designed to be **non-custodial**, meaning users always retain full control of their funds. While the initial Vaults are launching on **Solana** with integrations into Drift, our long-term vision is **bringing CeFi trading strategies** into DeFi vaults, including statistical arbitrage, trend following, liquidation and funding arbitrage. We plan to expand our strategies to both centralized exchanges and decentralized exchanges (DEXs) on various blockchains and Layer 2s, such as Hyperliquid, Ethereum, Arbitrum, and beyond. In contrast to traditional yield farming or staking options, which often come with risks such as bad debt, smart contract vulnerabilities, and liquidity issues, Neutral Trade prioritize **risk mitigation**. Through our delta-neutral strategy, we minimize exposure to market volatility while capturing fees from trading activities, offering one of the most secure and high-yield investment opportunities available today. By combining robust security measures with a unique approach to market making, Neutral Trade provide users with an exceptional opportunity to earn consistent returns with minimal risk. [NextWhy Build Neutral Trade](https://docs.neutral.trade/introduction/why-build-neutral-trade) Last updated 2 months ago --- # Quant Strategies | Neutral Trade **Unlock the Power of Quantitative Trading — Smart Strategies Built for Every Market Condition** We’re bringing institutional-grade quantitative trading strategies directly to our users — designed to help you grow your balance, enhance yield, and unlock consistent opportunities across the market. Our strategy suite includes: **Market Neutral**: Capture profits from price inefficiencies without betting on market direction. Ideal for uncertain or sideways markets, these strategies focus on minimizing exposure while maximizing alpha. * [**Market Neutral**](https://docs.neutral.trade/main-products/quant-strategies/market-neutral) : Capture profits from price inefficiencies without betting on market direction. Ideal for uncertain or sideways markets, these strategies focus on minimizing exposure while maximizing alpha. * [**Yield Enhancement**](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement) : Boost the productivity of your stablecoins and blue-chip assets with strategies designed to generate steady, risk-adjusted returns, even in low-volatility environments. * [**Directional**](https://docs.neutral.trade/main-products/quant-strategies/directional) : For users seeking to capitalize on macro trends or momentum, our directional models provide data-driven exposure to both the upside and downside of major assets. * [**Bet Strategies**](https://docs.neutral.trade/main-products/quant-strategies/bet) : Take the other side of trader behavior. These models analyze sentiment and positioning to identify opportunities where being contrarian pays off — turning market noise into profit signals. Whether you're holding stables, SOL, BTC, or other high-quality crypto assets, our platform equips you with strategies tailored for yield generation, capital growth, and diversified exposure. We combine sophisticated quant models with user-friendly access, giving you the tools to benefit not only from market movements — but from how traders behave during those moves. Whether markets rise, fall, or stall — you stay positioned. [PreviousWhy Build Neutral Trade](https://docs.neutral.trade/introduction/why-build-neutral-trade) [NextMarket Neutral](https://docs.neutral.trade/main-products/quant-strategies/market-neutral) Last updated 3 months ago --- # Market Neutral | Neutral Trade **Discover Market & Delta Neutral Strategies — Built for Smart Returns by our Quants** In this section, you’ll find a curated suite of **Market Neutral** and **Delta Neutral** trading strategies available exclusively on **Neutral Trade** — designed for users who prioritize consistency, capital preservation, and long-term performance. These strategies are built to **minimize directional market risk** by maintaining a balanced exposure to long and short positions across assets. Whether the market is trending up, crashing down, or trading sideways, our neutral strategies are structured to generate returns that are **independent of market direction**. * **Market Neutral**: Capture alpha from price discrepancies, inefficiencies, or arbitrage opportunities, without being exposed to the broader market trend. * **Delta Neutral**: Use derivatives, options, or synthetic positions to neutralize delta exposure, locking in profits while reducing volatility risk. These approaches are favored by professional quant funds and sophisticated traders — and now, we’re making them accessible to all users through an intuitive and powerful platform. Whether you’re looking to hedge your portfolio, preserve your stablecoin holdings, or build passive, low-volatility income streams, our neutral strategies are your gateway to consistent performance in _any_ market environment. Start exploring and let your capital work smarter — not harder — with Neutral Trade. [PreviousQuant Strategies](https://docs.neutral.trade/main-products/quant-strategies) [NextJLP Delta Neutral (USDC)](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/jlp-delta-neutral-usdc) Last updated 3 months ago --- # Why Build Neutral Trade | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FWcnPUGqf80RntP0RBueE%252Fimage.png%3Falt%3Dmedia%26token%3D2b8fbba6-012b-44b8-843a-3e40bd9da724&width=768&dpr=4&quality=100&sign=4f55ff51&sv=2) [](https://docs.neutral.trade/introduction/why-build-neutral-trade#why-build-neutral-trade) Why Build Neutral Trade ------------------------------------------------------------------------------------------------------------------------ **DeFi is meant to be more than just another yield farm.** Neutral Trade was built to change how capital flows in crypto — turning **sophisticated, institutional-grade strategies** into **composable yield engines** anyone can access. Retail users are stuck trading against quants and hedge funds, often losing due to lack of tooling, time, and professional discipline. On the other side, talented traders are blocked by legal, operational, and fundraising friction. We fix both. Neutral Trade **democratizes access to alpha** by making it possible for anyone to interact with professional trading strategies through DeFi — **no fund setup, no legal barriers, no KYC**. > "This is a game where normal people lose... because you're competing with professional traders and quants." - Jared, CEO of Neutral Trade #### [](https://docs.neutral.trade/introduction/why-build-neutral-trade#key-features) **Key Features** **1\. Frictionless Access to Financial Infrastructure** * **The Problem:** Setting up a hedge fund costs $200K+ and takes years to build a track record before accessing institutional capital. * **The Solution:** Neutral Trade lets traders operate on-chain from day one — with smart contracts replacing legal, compliance, and administrative overhead. **2\. Capital Without Borders** * **The Problem:** High-net-worth individuals and institutions gatekeep strategy access. Retail is stuck in volatility and noise. * **The Solution:** Anyone with a wallet can access delta-neutral and quant-driven strategies. We turn uncorrelated returns into permissionless building blocks. **3\. Transparency, Security, and Composability** * **The Problem:** TradFi funds are black boxes — expensive, slow, and opaque. * **The Solution:** On Neutral Trade, performance is real-time, transparent, and verifiable on-chain. Funds are non-custodial, and users remain in control. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FFrzHn5EIXkr3vJXSqcsy%252Fimage.png%3Falt%3Dmedia%26token%3D58d91d23-d633-404f-a02b-a95115350eff&width=768&dpr=4&quality=100&sign=89b71872&sv=2) * * * [](https://docs.neutral.trade/introduction/why-build-neutral-trade#what-is-neutral-trade) What is Neutral Trade? --------------------------------------------------------------------------------------------------------------------- Neutral Trade is **DeFi’s version of a multi-strategy hedge fund** — inspired by giants like Millennium and Point72 but reimagined for the on-chain world. * **Smart-Contract Vaults**: Run institutional-grade strategies without fund setup. * **Transparent Strategy Marketplace**: Anyone can allocate to traders or strategies based on performance. * **Composable Yield Blocks**: Plug strategies into DeFi protocols, lending markets, or auto-yield routers. * **Permissionless Access**: No lock-ups, no third parties, no KYC. We replace opaque TradFi processes with **code, transparency, and community ownership** — opening access to real yield at scale. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F0bz9NG7snirdAYAnzOMf%252Fimage.png%3Falt%3Dmedia%26token%3Dcd621374-0d06-44e4-afba-f022cb1c661a&width=768&dpr=4&quality=100&sign=78b0fcc0&sv=2) Savings and profits flow back to users, not to third-party administrators. * * * [](https://docs.neutral.trade/introduction/why-build-neutral-trade#benefits-for-investors) Benefits for Investors ---------------------------------------------------------------------------------------------------------------------- **1\. Lower Costs & Friction** * **Old World:** Prime brokers, lawyers, and administrators eat investor returns. * **Neutral Trade:** We eliminate middlemen. Everything runs on-chain with transparent, flat fees. **2\. Enhanced Yield Opportunities** * **Old World:** Yield pools offer 3–10% APY, and alpha decays with scale. * **Neutral Trade:** Our quant-driven vaults have delivered up to **30% APY** with real-time transparency. **3\. Global Accessibility** * **Old World:** Funds require $1M+ minimums. * **Neutral Trade:** Anyone with $100 and a wallet can participate — globally. * * * [](https://docs.neutral.trade/introduction/why-build-neutral-trade#why-neutral-trade-is-different) Why Neutral Trade is Different -------------------------------------------------------------------------------------------------------------------------------------- **Professional-Grade Strategies** From delta-neutral and arbitrage to volatility and directional plays, these are the same strategies hedge funds run — now open to everyone. **Lower Barriers** No minimum capital required (can be as low as $100), no KYC, no legal headaches. Traders launch vaults; users allocate instantly. **Decentralized Trust** All trades, PnL, and fees are recorded live on-chain. Users always know what they’re exposed to. * * * [PreviousIntroduction](https://docs.neutral.trade/) [NextQuant Strategies](https://docs.neutral.trade/main-products/quant-strategies) Last updated 2 months ago --- # JLP Delta Neutral (JLP in-kind) | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) Neutralized JLP offers great benefits for JLP holders during the short, medium and long term. Deposit JLP and earn Jupiter Perps fees while staying hedged against market exposure. Same 1:1 strategy as our USDC Staking (JLP Delta Neutral) — just denominated in JLP and with a management fee instead of a performance fee. Let’s learn about Neutralized JLP! To begin, let's observe how, in this vault, the JLP balance will move with the price of JLP. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FYmy1aO35YJUh52vQuYm2%252FJLP%2520price%2520movements%285%29.svg%3Falt%3Dmedia%26token%3D5dadcb1b-0533-4483-a3e4-748a32c4aa82&width=768&dpr=4&quality=100&sign=e7656a25&sv=2) As you can see, the JLP balance may increase or decrease depending on the price of JLP, though the USDC value of the position remains steady (while receiving yield from Jupiter perpetual fees). However, as this vault is denominated in JLP, you can utilize it to capitalize on JLP price movements! Bearish sentiments rising? Simply make a deposit and gain additional JLP on price downtrends. Hit the pico bottom, feeling bullish now? Make a withdrawal for full exposure, with more JLP than you began with! Or just deposit JLP and effortlessly earn JLP fees — just like USDC Staking (JLP Delta Neutral). With a short 1-hour redemption period, you stay fully flexible with your plans. * * * [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/jlp-delta-neutral-usdc/jlp-delta-neutral-jlp-in-kind#explanation-of-the-jlp-delta-neutral-dn-strategy) Explanation of the JLP Delta Neutral (DN) Strategy ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252Fi4yAEZL6B0GtZu0hFeHI%252FCopy%2520of%2520Neutral%2520Trade%2520-%2520Pitch%2520Deck%2520-%2520OLD%2520%2867%29.png%3Falt%3Dmedia%26token%3Df289d426-e005-4bd9-a906-a1045cfa3e0e&width=768&dpr=4&quality=100&sign=49f8de09&sv=2) The JLP Delta Neutral (DN) Strategy offers a unique and high-performing way to generate stable returns by completely hedging market exposure through advanced quantitative and systematic methods. This approach enables stable YIELD by collecting fees from Jupiter perpetual contracts (perps) on an hourly basis. This strategy offers one of the best risk-adjusted returns in the market. It leverages well-established platforms like Drift and Jupiter, both of which are known for their thorough auditing and reliability. Unlike other yield farming opportunities, which often involve risks like bad debt from lending, slashing risks from restaking protocols, and exposure to smart contract failures, liquidity issues, or impermanent loss, the JLP DN Strategy mitigates these risks, offering a more secure and reliable way to earn high returns. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252Fgyr5AObNJhKGhnx1FHqO%252Fimage_2024-10-07_12-24-12.png%3Falt%3Dmedia%26token%3Da4d2a837-8f0b-4f40-892b-c92a991e3475&width=768&dpr=4&quality=100&sign=3cd829c9&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/jlp-delta-neutral-usdc/jlp-delta-neutral-jlp-in-kind#fees-and-withdrawals) Fees & Withdrawals ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 7% annual management fee (charged by the time period the deposits are in the vault). A short 1-hour withdrawal redemption period applies. [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/jlp-delta-neutral-usdc/jlp-delta-neutral-jlp-in-kind#check-trades-here-drift) Check Trades Here (Drift) ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [https://app.drift.trade/?authority=CG2zv4wsSetgs6mAucEKnHPwSoZSLYMwGroembTUNeaU](https://app.drift.trade/?authority=CG2zv4wsSetgs6mAucEKnHPwSoZSLYMwGroembTUNeaU) [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/jlp-delta-neutral-usdc/jlp-delta-neutral-jlp-in-kind#deposit-links) Deposit Links: ------------------------------------------------------------------------------------------------------------------------------------------------------------------- Neutral Trade Website (Main): [https://www.app.neutral.trade/strategies/neutralizedjlp](https://www.app.neutral.trade/strategies/neutralizedjlp) Drift Website (Backup): [https://app.drift.trade/vaults/strategy-vaults/CG2zv4wsSetgs6mAucEKnHPwSoZSLYMwGroembTUNeaU](https://app.drift.trade/vaults/strategy-vaults/CG2zv4wsSetgs6mAucEKnHPwSoZSLYMwGroembTUNeaU) * * * [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/jlp-delta-neutral-usdc/jlp-delta-neutral-jlp-in-kind#risks) Risks -------------------------------------------------------------------------------------------------------------------------------------------------- [![Logo](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fmiro.medium.com%2Fv2%2Fresize%3Afill%3A304%3A304%2F10fd5c419ac61637245384e7099e131627900034828f4f386bdaa47a74eae156&width=20&dpr=4&quality=100&sign=92285e27&sv=2)Risks of the JLP Delta Neutral StrategyMedium](https://neutraltrade.medium.com/risks-of-the-jlp-delta-neutral-strategy-294d0899ece4) * * * Launch date: 2025-02-13 [PreviousJLP Delta Neutral (USDC)](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/jlp-delta-neutral-usdc) [NextDrift Funding Arb (USDC)](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/drift-funding-arb-usdc) Last updated 2 months ago --- # Hyperliquid Funding Arb (USDC) | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) Introducing the Hyperliquid Funding Arbitrage Vault 🐈 **Earn sustainable, hedged yield — on your $USDC** by capturing funding inefficiencies across Hyperliquid's perp markets. Built by quant researchers, automated for everyone. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FHkZ2BAqiFsG2XUPQJ8E3%252FDrafts%2520for%2520posting%2520%28dont%2520delete%29%2520%2835%29.png%3Falt%3Dmedia%26token%3D65d498e2-0912-4465-8a7d-ca2cc28e98f5&width=768&dpr=4&quality=100&sign=77c069c4&sv=2) ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/hyperliquid-funding-arb-usdc#how-the-strategy-works) How the Strategy Works The Hyperliquid Funding Arbitrage Vault deploys a fully automated, **delta-neutral** trading strategy designed to earn consistent returns while minimizing directional exposure. By systematically arbitraging funding rate imbalances on perpetual futures for **$HYPE, $BTC, and $ETH**, the vault captures real, structural yield — not token emissions or subsidies. ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/hyperliquid-funding-arb-usdc#what-is-delta-neutral) What is Delta-Neutral? A **delta-neutral strategy** maintains a portfolio where price fluctuations in the underlying asset have minimal impact on total value. For example: * **Long 1 HYPE in spot** → delta = +1 * **Short 1 HYPE in perps** → delta = –1 * **Net delta = 0** This neutral exposure allows the vault to isolate and harvest **funding payments**, the fees exchanged between long and short traders on Hyperliquid. Regardless of market direction, the strategy remains balanced — and focused entirely on yield generation. ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/hyperliquid-funding-arb-usdc#how-it-works) How It Works? * **Deposit USDC on Solana** The strategy accepts USDC deposits, providing users a frictionless onramp into complex arbitrage execution. * **Delta-Neutral Positioning** Capital is algorithmically allocated into spot and perpetual futures positions: * Long spot / Short perp when funding is positive * Short spot / Long perp when funding is negative * **Funding Capture** These positions are designed to **extract yield from market demand for leverage** — the same way professional trading desks profit. * **No Market Bias** With no reliance on bullish or bearish trends, users earn yield in all market conditions. ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/hyperliquid-funding-arb-usdc#automation-and-risk-management) Automation & Risk Management The vault is built for passive participants but powered by an institutional-grade backend: * **Real-time rebalancing** to preserve delta-neutrality * **Smart execution** to reduce slippage and maintain edge * **Liquidation-aware logic** with low leverage exposure This means you don’t need to trade, monitor markets, or worry about margin calls — the system handles everything on your behalf. ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/hyperliquid-funding-arb-usdc#yield-mechanics) Yield Mechanics The vault earns **real, sustainable yield** from: * **Perpetual funding payments**, paid by overleveraged counterparties * **Price inefficiencies** between spot and perp markets on Hyperliquid No inflationary tokens. No synthetic emissions. Just real yield from real market structure. * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/hyperliquid-funding-arb-usdc#fees-and-withdrawals) Fees & Withdrawals * **Performance Fee**: 25% (charged only on net positive PnL) * **Management Fee**: None * **Withdrawal Period**: Dynamic, typically 1–3 days depending on strategy cycle and capital flows * **Deposit Lock:** 3 Days * **View On-Chain Positions**: [Track Live Vault Activity](https://hypurrscan.io/address/0x40fa3E3A2f6d025A99d9F7706A0aA1769cf04De2) Check our positions: [https://hypurrscan.io/address/0x40fa3E3A2f6d025A99d9F7706A0aA1769cf04De2](https://hypurrscan.io/address/0x40fa3E3A2f6d025A99d9F7706A0aA1769cf04De2) * * * Hyperliquid Funding Arb Vault date release - 11 June 2025 [PreviousDrift Funding Arb (USDC)](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/drift-funding-arb-usdc) [NextAster Funding Arb (USDT)](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/aster-funding-arb-usdt) Last updated 3 days ago --- # Directional | Neutral Trade In this section, you’ll discover a curated selection of **exclusive trading strategies** developed and executed by top-performing external traders — brought directly to you through **Neutral Trade’s trusted platform**. These are not off-the-shelf strategies. Each model has been handpicked, rigorously tested, and optimized by seasoned professionals in the quantitative trading space — selected for their track record, risk management discipline, and edge in diverse market conditions. Directional strategies are ideal for users who want to diversify their trading stack and tap into the minds of professionals who live and breathe the markets — all while keeping control and visibility over their capital. [PreviousBTC Super Staking](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/btc-super-staking) [NextCTA momentum (R\* Research)](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research) Last updated 3 months ago --- # Yield Enhancement | Neutral Trade In this section, you’ll unlock access to a powerful suite of **yield-enhancing strategies** designed to put your assets to work — with optimized models tailored specifically for **SOL**, **BTC**, and **ETH (And more soon)**. Through our innovative **Super Staking** strategies, Neutral Trade goes beyond traditional staking by integrating advanced quantitative techniques to enhance your returns without compromising on security or liquidity. Whether you're holding blue-chip crypto or building a diversified yield portfolio, these strategies are built to deliver more from what you already own. These strategies are designed for crypto holders who want more than passive returns — offering enhanced yield opportunities while maintaining exposure to premium assets. [PreviousAster Funding Arb (USDT)](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/aster-funding-arb-usdt) [NextSOL Super Staking](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/sol-super-staking) Last updated 3 months ago --- # Deprecated | Neutral Trade In this section, you’ll find a list of **deprecated vaults** — strategies that are no longer active or maintained on Neutral Trade. These vaults have either completed their lifecycle, been upgraded, or replaced by more optimized models. While they are no longer available for new deposits or interaction, this archive is provided for **transparency, historical reference, and performance review**. [Previous\[Hyperliquid\] The Big Short](https://docs.neutral.trade/main-products/quant-strategies/bet/hyperliquid-the-big-short) [NextUSDC Basis (PerpsBasket) - \[Deprecated\]](https://docs.neutral.trade/main-products/quant-strategies/deprecated/usdc-basis-perpsbasket-deprecated) Last updated 3 months ago --- # Bet | Neutral Trade In this section, you’ll find the full suite of **Bet Strategies** available exclusively on **Neutral Trade** — designed to help you turn crowd psychology and market sentiment into a measurable trading edge. Bet Strategies go beyond traditional models by allowing you to **take positions based on predictive outcomes**, such as whether the majority of traders will win or lose under current market conditions. * **Trade on Sentiment**: Bet on the probability of market participants being right or wrong, using models that track positioning, leverage, and emotional extremes. * **Exploit Market Trends**: Align with or against trader consensus in trending markets — profit whether the herd wins or stumbles. Perfect for users looking to profit from **the behavior of others**, Bet Strategies introduce a new dimension to trading — where **understanding crowd dynamics becomes a strategic advantage**. [PreviousCTA momentum (R\* Research)](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research) [NextHYPE/SOL](https://docs.neutral.trade/main-products/quant-strategies/bet/hype-sol) Last updated 3 months ago --- # BTC Super Staking | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/btc-super-staking#explanation-of-the-btc-super-staking) Explanation of the BTC Super Staking -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- BTC Super Staking empowers Bitcoin holders with a robust liquidity-enhancing strategy, improving decentralized exchange resilience, especially on Jupiter Perp DEX. We acquire JLP and precisely hedge against ETH and SOL exposure, while re-establishing a full 100% BTC position via wBTC purchases in the spot market. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/btc-super-staking#where-does-the-yield-come-from) Where does the yield come from? --------------------------------------------------------------------------------------------------------------------------------------------------------------------- Let’s explore the key sources of yield for the staking vault: 1. **JLP fees** — 47.98% APY as of 11/11/2024 (75% of trading fees, borrowing fees, mint / burn fees, liquidation fees from traders trading on [Jupiter Perp DEX](https://jup.ag/perps) ) 2. **Funding fees from Perpetual Shorts on ETH and SOL** (Longs usually pay shorts perps funding) —  ~40% APY and ~15% APY respectively on ETH and SOL as of 11/11/2024 Combined, these sources deliver the yield, allowing you to gain pure BTC exposure and secure consistent rewards. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fcdn-images-1.medium.com%2Fmax%2F800%2F1*G9XWuUzerQNF2rjvticJkQ.png&width=768&dpr=4&quality=100&sign=a5591bb4&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/btc-super-staking#what-is-wbtc) What is wBTC? --------------------------------------------------------------------------------------------------------------------------------- Wrapped Bitcoin (wBTC) is a tokenized version of Bitcoin (BTC) that operates on other blockchains, such as Ethereum and Solana, pegged 1:1 to Bitcoin’s value. This allows BTC holders to engage with DeFi apps without selling their Bitcoin, unlocking access to a range of protocols and liquidity options beyond the Bitcoin network. With wBTC, users can move seamlessly between Bitcoin’s value stability and Solana’s high-speed, low-cost DeFi ecosystem. When users want to redeem BTC, wBTC is burned and the equivalent BTC is released, ensuring full transparency and 1:1 backing through on-chain reserves. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/btc-super-staking#traditional-btc-staking-options) Traditional BTC Staking Options ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- * **Pure BTC staking** on common DEXs: ~8% APY * **BTC lending** on platforms: ~0.5% APY BTC Super Staking is built to outperform, offering an enhanced yield that traditional BTC staking options can’t match. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/btc-super-staking#fees-and-withdrawals) Fees & Withdrawals ---------------------------------------------------------------------------------------------------------------------------------------------- Our BTC Super Staking vault applies a 20% performance fee on profits, along with a 1% management fee, ensuring high-performance management with aligned incentives. To optimize liquidity and returns, deposits come with a brief 1-day redemption period. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/btc-super-staking#what-are-the-risks-compared-to-the-original-jlpdn-vault) What are the risks compared to the original JLPDN vault? ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- In addition to the risks outlined in [this](https://neutraltrade.medium.com/risks-of-the-jlp-delta-neutral-strategy-294d0899ece4) article, we want to emphasize that depositors are fully exposed to BTC’s market performance. This means you have the potential to capture both upside gains and downside losses depending on BTC’s price movements. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/btc-super-staking#check-trades-here-drift) Check Trades Here (Drift) -------------------------------------------------------------------------------------------------------------------------------------------------------- [https://app.drift.trade/?authority=BVddkVtFJLCihbVrtLo8e3iEd9NftuLunaznAxFFW8vf](https://app.drift.trade/?authority=BVddkVtFJLCihbVrtLo8e3iEd9NftuLunaznAxFFW8vf) [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/btc-super-staking#deposit-links) Deposit Links: ----------------------------------------------------------------------------------------------------------------------------------- Neutral Trade Website (Main): [https://www.app.neutral.trade/strategies/btcnl](https://www.app.neutral.trade/strategies/btcnl) Drift Website (Backup): [https://app.drift.trade/vaults/strategy-vaults/BVddkVtFJLCihbVrtLo8e3iEd9NftuLunaznAxFFW8vf](https://app.drift.trade/vaults/strategy-vaults/BVddkVtFJLCihbVrtLo8e3iEd9NftuLunaznAxFFW8vf) * * * [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/btc-super-staking#risks) Risks ------------------------------------------------------------------------------------------------------------------ [![Logo](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fmiro.medium.com%2Fv2%2Fresize%3Afill%3A304%3A304%2F10fd5c419ac61637245384e7099e131627900034828f4f386bdaa47a74eae156&width=20&dpr=4&quality=100&sign=92285e27&sv=2)Risks of the JLP Delta Neutral StrategyMedium](https://neutraltrade.medium.com/risks-of-the-jlp-delta-neutral-strategy-294d0899ece4) * * * BTC Super Staking launch date - 11 Nov. [PreviousETH Super Staking](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/eth-super-staking) [NextDirectional](https://docs.neutral.trade/main-products/quant-strategies/directional) Last updated 4 months ago --- # CTA momentum (R* Research) | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) ### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#r-research-cta-strategy-vault) R\* Research CTA Strategy Vault The R\* Research **CTA Strategy** is a multi-asset, machine learning-driven trading strategy operated by Neutral Trade in collaboration with R\* Research. It is designed to capture **short-term momentum and mean-reversion inefficiencies** in highly liquid digital assets, specifically: > BTC, ETH, SOL, BNB, XRP, and DOGE The strategy is executed on **OKX**, one of the most liquid centralized exchanges globally, utilizing a **VIP 6 Market Maker Tier** account — providing **the lowest available trading fees and superior execution quality**. This vault aims to deliver **uncorrelated alpha** that is resilient across varying market regimes. It is structured with robust **institutional-grade risk controls** and a secure **custody and settlement architecture**, enabled by our strategic partnerships with: * **OKX** for professional-grade execution * **Copper Technologies** for off-exchange custody and secure collateral management via **ClearLoop** The R\* Research CTA Vault embodies Neutral Trade’s mission to bring **hedge-fund-quality strategies** to on-chain users with full transparency, strong performance, and minimal operational risk. [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#disclaimer-r-research) Disclaimer (R\* Research) ------------------------------------------------------------------------------------------------------------------------------------------------------ We’ve blurred out R\* Research’s full name on purpose. Neutral Trade has already put it through deep due-diligence and eight solid months of live, real-money testing. ### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#strategy-objective) Strategy Objective The primary objective is to **generate consistent, risk-adjusted returns** by identifying short-term mispricings across liquid crypto markets. The strategy targets: * **High Sharpe** (>3.5) with low drawdown * **Fast and cheap execution** on VIP market-maker accounts * **Volatility targeting** around 15% * **Median holding periods** of ~1–3 hours It is designed to adapt to market regimes dynamically and is built for scalability, transparency, and low operational risk. ### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#strategy-design) 🔬 Strategy Design #### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#alpha-source) Alpha Source * **Momentum + Mean Reversion** patterns in L2 order book data and price action * **High-frequency signal generation** (every 1 minute) * **Alternative data** for sentiment and behavioral insight #### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#asset-coverage) Asset Coverage * BTC * ETH * SOL * BNB * XRP * DOGE #### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#execution-venue) Execution Venue * **OKX (VIP 6 Market Maker Tier)** for low-latency, low-fee execution * Strategy executes via an externally managed Neutral Trade account #### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#frequency-and-turnover) Frequency & Turnover * 3–5 trades per asset per day * Monthly turnover up to 1000x AUM #### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#risk-controls) Risk Controls * 15% **target volatility** * Max **historical drawdown** observed: 15% * Drawdown protection capped at **20%** ### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#historical-performance) Historical Performance #### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#backtest-results-1x-leverage-2bps-fees) Backtest Results (1x leverage, 2bps fees) Asset Sharpe APR Max DD Median Holding BTC 3.5 150% 10% 2 hours ETH 3.5 200% 12% 3 hours SOL 4.0 300% 15% 1 hour **Live Trading on OKX** ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FUP5lRyooH7S1DIbhhBHa%252Fimage%2520%2811%29.png%3Falt%3Dmedia%26token%3D088ae0b6-2d62-4da1-83a0-67f2262c11f5&width=768&dpr=4&quality=100&sign=4bdcf8b&sv=2) ### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#infrastructure-and-custody) Infrastructure & Custody Neutral Trade partners with **Copper Technologies** and **OKX** to execute in a secure, transparent, and efficient manner. #### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#copper-custody-and-clearloop) Copper Custody & ClearLoop * Off-exchange settlement model * Assets remain in Copper cold wallets * Only realized losses are settled to OKX * Protected by English Law trust structure * 2-of-3 MPC security infrastructure (ensuring funds are never exposed to a single private key being compromised) #### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#okx-execution) OKX Execution * Market Maker Tier (VIP 6) with minimal fees * Institutional-grade liquidity and speed * No counterparty risk—PNL and margin are net settled via ClearLoop * Protect Trader Alpha without revealing trading positions ### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#why-r-research) Why R\* Research? 1. **Extensive hedge fund experience** 2. **Proprietary ML engine** tuned for real-time crypto markets 3. **On-chain transparency** and operational alignment with Neutral Trade 4. **Diversification**: Adds uncorrelated alpha to Neutral’s strategy mix ### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#vault-risk-management) Vault Risk Management Neutral Trade enforces the following controls: * **Continuous monitoring** of volatility and MDD * **Dynamic position sizing**: If risk thresholds are breached, positions are reduced by 50% * **Full strategy pause** and reevaluation if MDD > 20% * **On-chain NAV tracking** for real-time performance visibility ### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#user-terms) User Terms **Accepted Token** USDC (Solana) **Deposit Lock** 14 days **Withdrawal Redemption Period** 7 days **Performance Fee** 25% **Management Fee** 2% **Withdrawal Fee** 0.3% **Capital Inflow** Daily at 04:00 UTC **Capital Outflow** Daily at 04:00 UTC Minimal deposit 1000 Minimal withdrawal 100 Funds are deposited into Copper custody before being mirrored to OKX for strategy execution. Performance fees and management fees will be charged monthly (on month end) ### [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#transparency-and-reporting) Transparency & Reporting * **On-Chain NAV**: Vault performance is updated and verifiable on-chain * **Immutable Track Record**: Trader and vault performance history preserved transparently [](https://docs.neutral.trade/main-products/quant-strategies/directional/cta-momentum-r-research#monthly-okx-reports) Monthly OKX Reports ---------------------------------------------------------------------------------------------------------------------------------------------- [https://drive.google.com/drive/folders/19NykpcRylT41y3GDnfxrewCfO7D52-mn?usp=drive\_link](https://drive.google.com/drive/folders/19NykpcRylT41y3GDnfxrewCfO7D52-mn?usp=drive_link) * * * CTA Momentum (R-Research). Launch Date - 4 July 2025 [PreviousDirectional](https://docs.neutral.trade/main-products/quant-strategies/directional) [NextBet](https://docs.neutral.trade/main-products/quant-strategies/bet) Last updated 1 month ago --- # Inverse JLP DN - [Deprecated] | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) On Drift, with the expansion of JLP delta neutral strategies that acquire yield from JLP itself, OI has tended to lean short. This is due to these strategies utilizing perpetual shorts to hedge their JLP position. Could there be a way to profit on OI during these periods? The Big Short, the INVERSE JLP Delta Neutral vault! Through collateralizing USDC, shorting JLP utilizing the lending/borrowing market, and hedging JLP’s volatile assets and Trader PnL with perpetual longs, this vault captures yield while staying within a delta neutral structure. In times of negative funding rates, this strategy captures yield with both its USDC lending position and from funding with its perpetual long positions. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXcipHI0bwDs8Qwv8Q06KPL4hbK1vOOzOttjMjrLzGOMdQxpqUBGqmI93-vg5Cvs_daB79bqjawvkiuyL4Gjh00qNsFFmTGV2Dh2P-g65afy9gMt8v9r3m6ruUcBAZ7M-Ot8JiSL%3Fkey%3DelNUG_Xyzz7tnmzIfOxqAgGY&width=768&dpr=4&quality=100&sign=5ed941b9&sv=2) Leveraging Drift and Jupiter, this strategy aims to provide steady yield in times of uncertainty. Funding rates causing diminished returns on perpetual short structured delta neutral strategies? Not here! With The Big Short (Inverse JLP Delta Neutral ) vault you can look forward to steady yields during these conditions. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXfnp6A2L9RiEBmHYhtKUh-CAuYVSa5KoSngOvI7O6ufwGdF-Wgy5AbyZnDnkXTXNVdzuGIpB4A-KMyUliQ02KoGh5MyPONeOv54cUKnMZUYYR0zCp8kac7qdD2uXUDd9-4vE9ML_A%3Fkey%3DelNUG_Xyzz7tnmzIfOxqAgGY&width=768&dpr=4&quality=100&sign=78e9d9f8&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/inverse-jlp-dn-deprecated#fees-and-withdrawals) Fees & Withdrawals ----------------------------------------------------------------------------------------------------------------------------------------------- 20% performance fee on profits our trading made for you. To optimize liquidity and returns, deposits come with a brief 1-day redemption period. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/inverse-jlp-dn-deprecated#risks) Risks ------------------------------------------------------------------------------------------------------------------- [![Logo](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fmiro.medium.com%2Fv2%2Fresize%3Afill%3A304%3A304%2F10fd5c419ac61637245384e7099e131627900034828f4f386bdaa47a74eae156&width=20&dpr=4&quality=100&sign=92285e27&sv=2)Risks of the JLP Delta Neutral StrategyMedium](https://neutraltrade.medium.com/risks-of-the-jlp-delta-neutral-strategy-294d0899ece4) * * * Launch date: 2025-02-15 [PreviousTraders Print Vault -\[Deprecated\]](https://docs.neutral.trade/main-products/quant-strategies/deprecated/traders-print-vault-deprecated) [NextCTA SOL Strategy \[Deprecated\]](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated) Last updated 4 months ago --- # USDC Basis (PerpsBasket) - [Deprecated] | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) This strategy applies the winning principles across a diverse set of assets for more stability and growth potential. With this new product, we’re broadening the scope of our proven USDC Basis strategy. By spreading funds across multiple assets, **USDC Basis (PerpsBasket)** enhances resilience and minimizes risks, delivering consistently high returns. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/usdc-basis-perpsbasket-deprecated#id-2a94) Why the USDC Basis Strategy --------------------------------------------------------------------------------------------------------------------------------------------------- This strategy is a **yield-generating powerhouse**, delivering consistent returns every hour. Unlike many other strategies, it shines in all market conditions. Whether it’s a bull or bear market, USDC Basis capitalizes on arbitrage opportunities with precision and low risk. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fcdn-images-1.medium.com%2Fmax%2F800%2F1*v1vXnQaMHaHAYLbw6QhFww.jpeg&width=768&dpr=4&quality=100&sign=d502caf1&sv=2) It’s all about exploiting funding rate inefficiencies. For instance, analyzing **SOL-PERP funding rates on Drift** reveals some impressive stats: * Positive funding rates for **91.5% of the past year** * An **average annualized funding return of 30%** By arbitraging funding differences between assets, the strategy provides not just consistent yields but also ensures reduced risk through dynamic hedging. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fcdn-images-1.medium.com%2Fmax%2F800%2F1*NgUIq2o-cVAOthJjWl2bXQ.png&width=768&dpr=4&quality=100&sign=a36d88f6&sv=2) Strategy backtest for SOL-PERP on Drift [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/usdc-basis-perpsbasket-deprecated#how-it-works-a-quick-breakdown) How It Works: A Quick Breakdown ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ **Basis trading** involves capturing the price difference between an asset’s **spot price** and its **futures price**. In the USDC Basis strategy, this means: 1. **Shorting multiple liquid PERPETUAL FUTURES CONTRACTS on Drift** 2. **Buying spot positions dynamically** This combination delivers robust and stable yields through funding fees. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fcdn-images-1.medium.com%2Fmax%2F800%2F1*KYaWWsF4u5sk_6BQRNfU6A.png&width=768&dpr=4&quality=100&sign=c44c3389&sv=2) **Execution Logic:** * _Positive funding:_ Run the basis position. * _Negative funding for 5+ days:_ Reverse the basis position. The strategy ensures adaptability across market scenarios, leveraging dynamic hedging and diversification. By staying nimble and analyzing funding rates, the strategy reduces risk while maximizing returns. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/usdc-basis-perpsbasket-deprecated#fees-and-withdrawals) Fees & Withdrawals ------------------------------------------------------------------------------------------------------------------------------------------------------- 25% performance fee on profits our trading made for you. To optimize liquidity and returns, deposits come with a brief 1-day redemption period. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/usdc-basis-perpsbasket-deprecated#check-trades-here-drift) Check Trades Here (Drift) ----------------------------------------------------------------------------------------------------------------------------------------------------------------- [https://app.drift.trade/?authority=4cvgasNfbJ36yeMVJSkscgL2Yco9dFGdj52Wrg91fmHv](https://app.drift.trade/?authority=4cvgasNfbJ36yeMVJSkscgL2Yco9dFGdj52Wrg91fmHv) [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/usdc-basis-perpsbasket-deprecated#deposit-links) Deposit Links: -------------------------------------------------------------------------------------------------------------------------------------------- Neutral Trade Website (Main): [https://www.app.neutral.trade/strategies/perpsbasket](https://www.app.neutral.trade/strategies/perpsbasket) Drift Website (Backup): [https://app.drift.trade/vaults/strategy-vaults/4cvgasNfbJ36yeMVJSkscgL2Yco9dFGdj52Wrg91fmHv](https://app.drift.trade/vaults/strategy-vaults/4cvgasNfbJ36yeMVJSkscgL2Yco9dFGdj52Wrg91fmHv) * * * USDC Basis (Perps Basket) launch date - 9th December [PreviousDeprecated](https://docs.neutral.trade/main-products/quant-strategies/deprecated) [NextFuel MAXI -\[Deprecated\]](https://docs.neutral.trade/main-products/quant-strategies/deprecated/fuel-maxi-deprecated) Last updated 4 months ago --- # Flexible Savings | Neutral Trade Neutral Trade’s **Flexible Savings** products are designed for users who want to earn **stable, low-risk returns** on their capital without giving up liquidity or control. Whether you’re holding **blue-chip assets** like BTC and SOL, or simply parking stablecoins like **USDC**, our Flexible Savings vaults offer a seamless way to put your idle funds to work — with real yield, on-chain transparency, and the freedom to withdraw anytime. Here’s what makes Flexible Savings different: * **Stable Yield, Zero Stress**: These strategies are built to prioritize capital preservation while offering consistent APYs. Ideal for users who value safety and want to avoid high-volatility, high-risk exposure. * **Blue-Chip Optimization**: Instead of letting your ETH or BTC sit idle, you can earn passive returns through structured, risk-managed strategies that optimize these assets in the background. Save smart with Neutral Trade. [PreviousMemes ETF (Generational Wealth)](https://docs.neutral.trade/main-products/quant-strategies/deprecated/memes-etf-generational-wealth) [NextUSDC/SOL/BTC/ETH Savings](https://docs.neutral.trade/main-products/quant-strategies/deprecated/flexible-savings/usdc-sol-btc-eth-savings) Last updated 3 months ago --- # Drift Funding Arb (USDC) | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) Unlock consistent yields with the **USDC Basis (Sanctum-INF) vault**, offering an impressive 15**% APY** for your **USDC**. Video Explanation: [https://www.youtube.com/watch?v=bLGQ1Ba0614](https://www.youtube.com/watch?v=bLGQ1Ba0614) [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/drift-funding-arb-usdc#explanation-of-the-strategy) Explanation of the strategy ---------------------------------------------------------------------------------------------------------------------------------------------------------------- Basis trading is a trading strategy used in financial markets, particularly with commodities, futures, or other derivatives. The idea is to take advantage of the price difference between the current price of an asset (called the spot price) and its future price (called the futures price). The strategy arbitrage **Sanctum Infinity ($INF),** loops it and dynamically hedges by shorting SOL-PERP on Drift. [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/drift-funding-arb-usdc#where-does-the-yield-come-from) Where does the yield come from? ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- **The USDC Basis Vault** capitalizes on arbitrage opportunities from **$INF** yields from SOL LSTs staking (looped), trading fees, and funding fees from SOL-PERP on Drift. 1. **INF staking (looped 2x), earning Solana’s inflation rewards, priority fees, and MEV opportunities — 20,43% APY as of 11/26/2024** 2. **Funding fees — 61.12% APY for SOL-PERP as of 11/26/2024** [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/drift-funding-arb-usdc#what-is-sanctum-infinity-usdinf-token) What is Sanctum Infinity ($INF) token? ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Sanctum Infinity ($INF) is a curated basket of SOL-staked LSTs, designed to grow in value over time. Simply holding INF lets you earn passive profits, fueled by aggregated SOL staking yields, MEV opportunities and trading fees. [https://sanctum.so/](https://sanctum.so/) ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FWo30DynkScM5O0IIsvfP%252Fchrome_Hdy1zQlppL.png%3Falt%3Dmedia%26token%3D6db9f44b-b78f-4f6f-bea1-150db80cbc19&width=768&dpr=4&quality=100&sign=fd753a4d&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/drift-funding-arb-usdc#fees-and-withdrawals) Fees & Withdrawals ------------------------------------------------------------------------------------------------------------------------------------------------ 25% performance fee on profits our trading made for you. To optimize liquidity and returns, deposits come with a brief 1-day redemption period. [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/drift-funding-arb-usdc#risks) Risks -------------------------------------------------------------------------------------------------------------------- Since we're buying INF with SOL, there's no liquidation risk under normal circumstances. Liquidation is only possible if the borrowing rate for SOL exceeds the INF yield. However, our strategy is designed to automatically unwind the INF loop if this condition arises. Here’s how the strategy adapts: * _Positive funding:_ Focuses on basis trading and $INF loops. * _Positive funding, but high SOL borrowing rate:_ Switches to basis trading alone. * _Negative funding for 5+ days:_ The strategy continues $INF loops and reverse the basis positions. * _Negative funding, but high SOL borrowing rate:_ Switches to basis trading alone. * _Both conditions unfavorable:_ The strategy holds USDC. This dynamic approach ensures the strategy remains efficient and avoids unnecessary risks. [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/drift-funding-arb-usdc#check-trades-here-drift) Check Trades Here (Drift) ---------------------------------------------------------------------------------------------------------------------------------------------------------- [https://app.drift.trade/?authority=CxL8eQmGhN9LKSoHj7bU95JekFPtyZoUc57mbehb5A56](https://app.drift.trade/?authority=CxL8eQmGhN9LKSoHj7bU95JekFPtyZoUc57mbehb5A56) [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/drift-funding-arb-usdc#deposit-links) Deposit Links: ------------------------------------------------------------------------------------------------------------------------------------- Neutral Trade Website (Main): [https://www.app.neutral.trade/strategies/solbasisinf](https://www.app.neutral.trade/strategies/solbasisinf) Drift Website (Backup): [https://app.drift.trade/vaults/strategy-vaults/CxL8eQmGhN9LKSoHj7bU95JekFPtyZoUc57mbehb5A56](https://app.drift.trade/vaults/strategy-vaults/CxL8eQmGhN9LKSoHj7bU95JekFPtyZoUc57mbehb5A56) * * * USDC Basis launch date - 28 Nov. [PreviousJLP Delta Neutral (JLP in-kind)](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/jlp-delta-neutral-usdc/jlp-delta-neutral-jlp-in-kind) [NextHyperliquid Funding Arb (USDC)](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/hyperliquid-funding-arb-usdc) Last updated 2 months ago --- # Traders Print Vault -[Deprecated] | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/traders-print-vault-deprecated#explanation-of-the-traders-print-vault) Explanation of the Traders Print Vault ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Don't just hold JLP and risk missing out if traders crush the market. This vault lets you bet on Jupiter traders winning - offering a hedge to JLP losing when traders win. By copying profitable traders on the Jupiter Perp DEX, you will follow the smart traders that have captured 169m profits YTD (25 Nov), while earning a share of trading, borrowing, and performance fees when they trade. When the crowd is winning, so are you — this vault is your way to ride alongside their gains. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/traders-print-vault-deprecated#what-can-you-win) What Can You Win? ----------------------------------------------------------------------------------------------------------------------------------------------- **Traders Print** is the flip side of **Traders REKT**, letting you bet on trader wins instead of losses. When traders profit, so do you — plus you’ll earn an estimated 30% APY from trading, liquidation, and borrowing fees collected on Jupiter Perp DEX. Once you deposit, you’re automatically positioned to gain whenever traders succeed, with fully hedged JLP assets for extra security. Your APY moves with the traders' skill, giving you a unique way to win alongside the crowd. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252Fi6Kry5oTPnTaDLXGBeWR%252Fimage.png%3Falt%3Dmedia%26token%3D4d8eebe9-2e59-4102-aaff-9ec83412c173&width=768&dpr=4&quality=100&sign=4bf91736&sv=2) Traders have made a profit of **169m** at the expense of JLP holders (as of 25 Nov) Vault profitability mirrors the Trader's NET PnL line on this chart, moving in perfect sync. > [https://flipsidecrypto.xyz/flyingfish/q/wQomCMyxh3mu/traders-daily-pnl/visualizations/v2/2bc87b14-620c-4408-9e94-e8743ff94e5e](https://flipsidecrypto.xyz/flyingfish/q/wQomCMyxh3mu/traders-daily-pnl/visualizations/v2/2bc87b14-620c-4408-9e94-e8743ff94e5e) [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/traders-print-vault-deprecated#what-are-the-risks) What are the risks? --------------------------------------------------------------------------------------------------------------------------------------------------- This is a high-stakes betting vault — your gains ride on trader performance. Depending on how traders perform, you could see significant profits or lose. It’s all about timing and strategy: assess the market, weigh the risks, and place your bet for a chance at high rewards. * * * Traders PRINT launch date - 27th Nov. [PreviousFuel MAXI -\[Deprecated\]](https://docs.neutral.trade/main-products/quant-strategies/deprecated/fuel-maxi-deprecated) [NextInverse JLP DN - \[Deprecated\]](https://docs.neutral.trade/main-products/quant-strategies/deprecated/inverse-jlp-dn-deprecated) Last updated 4 months ago --- # Private Credit | Neutral Trade On **Neutral Trade**, we periodically offer access to **exclusive private credit deals** — structured for users seeking higher yields, token exposure, low-risk or unique opportunities that go beyond traditional DeFi savings. These are **not open-to-all lending pools**. They are **high-conviction, selectively curated offerings** that often include features like: * **Attractive APYs**: Above-market returns tailored to compensate for credit exposure and structure complexity. * **Token Incentives & Airdrops**: Additional upside potential via token allocations, early-stage deal access, or ecosystem rewards. * **Short-Term or Flexible Terms**: Deals may be structured with varying maturities or liquidity features, providing users with optionality. Every opportunity is vetted through a multi-layered framework — including counterparty evaluation, collateral assessment, legal structure checks, and stress-testing of deal terms. Only partners with strong fundamentals and verifiable track records make it through. We don’t chase the highest yields — we focus on **best risk-to-reward**. That means choosing partners who align with our security standards and have the infrastructure to deliver. Where possible, deals are executed via smart contracts for transparency, immutability, and auditability. Users maintain full visibility into capital flow and returns. [PreviousNT Earn](https://docs.neutral.trade/main-products/nt-earn) [NextTermMax (Closed)](https://docs.neutral.trade/main-products/private-credit/termmax-closed) Last updated 3 months ago --- # Indexes | Neutral Trade In the **Indexes** section on Neutral Trade, we offer a growing suite of **on-chain index products** designed to help you express your market views, manage risk, and gain diversified exposure — all through a single, simplified allocation. Whether you're bullish on Bitcoin dominance, optimistic about altcoin season, or just looking to ride the meme cycle with proper structure, our index vaults are built to offer **targeted exposure with automated rebalancing, real-time transparency, and no manual trading required**. Why Indexes on Neutral Trade? * **Strategy Diversity**: Access structured exposure across multiple market segments without needing to manage individual positions. * **Fully On-Chain & Transparent**: NAVs, rebalances, and asset compositions are visible in real time — no hidden allocations, no opacity. [PreviousUSDC/SOL/BTC/ETH Savings](https://docs.neutral.trade/main-products/quant-strategies/deprecated/flexible-savings/usdc-sol-btc-eth-savings) [NextMoon LP](https://docs.neutral.trade/main-products/indexes/moon-lp) Last updated 3 months ago --- # Memes ETF (Generational Wealth) | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) **The Solana Memes ETF** is a diversified, actively managed index vault built to capture the explosive potential of top-tier Solana memecoins. As community hype and market interest around memecoins grow, this vault gives you structured exposure to a handpicked basket of what we see as the blue chips of the Solana meme world. Want to bet on memes without doing hours of research? We've got you. The Memes ETF includes the most popular Solana memes, weighted by market cap and optimized for diversification — so you don’t have to overthink it. Just ape in. **BONK, FART, WIF, PENGU, POPCAT** — and that’s just the beginning. The ETF will keep evolving, adding new meme heavyweights as the ecosystem grows. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/memes-etf-generational-wealth#explanation-of-the-memes-index-vault) Explanation of the Memes Index Vault ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F6NWVv9iNsMisMZ7k3CI1%252FETFM.png%3Falt%3Dmedia%26token%3D7b221fc5-737a-4152-82b0-2d551a14506e&width=768&dpr=4&quality=100&sign=8cac03c8&sv=2) #### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/memes-etf-generational-wealth#why-hold-just-one-memecoin-when-you-can-ride-the-whole-wave) Why hold just one memecoin when you can ride the whole wave? Picking the next big memecoin is a gamble — one might moon, others might flop. That’s why we built **Memes ETF**. ### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/memes-etf-generational-wealth#what-memes-etf-does) What Memes ETF does: * **Diversifies your capital** across top-tier Solana memecoins * **Curates the best picks** — like BONK, FART, WIF, PENGU, and POPCAT * **Captures upside efficiently**, based on market cap weightings ### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/memes-etf-generational-wealth#how-it-works) How it works: You deposit USDC. We allocate it across memecoins via spot buys. Each meme’s weight (e.g., BONK getting the largest share) reflects its market dominance — all while earning additional lending fees from Drift traders as a small bonus on top. ### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/memes-etf-generational-wealth#rebalanced-for-the-meme-meta) Rebalanced for the Meme Meta: **Memes ETF** isn’t static. As new opportunities arise, our team of quants and pro traders constantly re-evaluates and rebalances — adding high-potential memecoins to keep your exposure optimized. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/memes-etf-generational-wealth#fees-and-withdrawals) Fees & Withdrawals --------------------------------------------------------------------------------------------------------------------------------------------------- 10% performance fee on profits our trading made for you. 2% annual management fee (charged by the time period the deposits are in the vault; Daily 0.00548% on your principal). A short 1-day withdrawal redemption period applies. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/memes-etf-generational-wealth#check-trades-here-drift) Check Trades Here (Drift) ------------------------------------------------------------------------------------------------------------------------------------------------------------- [https://app.drift.trade/?authority=AHfaqTwFhWiX2DZrYbTivBpbrstNJRyjHG4mFPVpJS5n](https://app.drift.trade/?authority=AHfaqTwFhWiX2DZrYbTivBpbrstNJRyjHG4mFPVpJS5n) [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/memes-etf-generational-wealth#deposit-links) Deposit Links: ---------------------------------------------------------------------------------------------------------------------------------------- Neutral Trade Website (Main): [https://www.app.neutral.trade/strategies/memesetf](https://www.app.neutral.trade/strategies/memesetf) * * * Memes Index launch date — 14 May 2025 [PreviousCTA SOL Strategy \[Deprecated\]](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated) [NextFlexible Savings](https://docs.neutral.trade/main-products/quant-strategies/deprecated/flexible-savings) Last updated 4 months ago --- # Pyth Oracles | Neutral Trade Neutral Trade strategies leverage the precision and reliability of Pyth oracles. Learn more: [![Logo](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fframerusercontent.com%2Fimages%2F3i2OuCNwSBWriCGmMsfn8O20Bes.png&width=20&dpr=4&quality=100&sign=eedef2aa&sv=2)The Price Layer for Global Finance | Pyth Networkwww.pyth.network](https://www.pyth.network/) [PreviousAPR Calculations](https://docs.neutral.trade/additional-info/transparency-hub/apr-calculations) [NextAudit](https://docs.neutral.trade/additional-info/audit) Last updated 9 months ago --- # Moon LP | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) ### [](https://docs.neutral.trade/main-products/indexes/moon-lp#introduction) Introduction The Solana perp ecosystem is expanding rapidly, but liquidity fragmentation remains one of the biggest barriers to sustainable growth. Individual venues compete for deposits, creating shallow markets and inconsistent execution. Moon LP solves this by acting as a cross-venue liquidity engine, automatically allocating capital across Adrena, Flash Trade, and Jupiter. This not only improves LP returns but also strengthens the overall health of Solana’s perpetual futures markets. * * * ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252Fmqah0Ek0kxxCv9h0VPc3%252Fmoon-lp.png%3Falt%3Dmedia%26token%3Dc9b231b1-0347-4344-b295-a31736c248b3&width=768&dpr=4&quality=100&sign=a5091996&sv=2) ### [](https://docs.neutral.trade/main-products/indexes/moon-lp#why-moon-lp-matters-for-the-solana-ecosystem) Why Moon LP Matters for the Solana Ecosystem * **Unified Liquidity Across DEXes:** Instead of competing for isolated pools, Moon LP brings capital into a single strategy that feeds multiple perp markets at once. This creates deeper orderbooks, better trade execution, and reduces slippage for traders across Solana. * **Resilient Market Structure:** By dynamically rebalancing liquidity, Moon LP helps avoid the fragility of over-concentration on one venue. A healthier distribution of capital = less systemic risk. * **Ecosystem Alignment:** Moon LP is jointly incentivized with Flash Trade and Adrena, aligning stakeholders to grow the entire perp market rather than just individual platforms. * * * ### [](https://docs.neutral.trade/main-products/indexes/moon-lp#why-moon-lp-is-good-for-depositors) Why Moon LP is Good for Depositors For LPs, the value proposition is clear: 1. **Diversified Exposure = Reduced Counterparty Risk:** Traditional LPing concentrates deposits into one venue, leaving users exposed if that DEX underperforms or faces operational risk. Moon LP spreads deposits dynamically, lowering the chance of adverse outcomes from any single venue. 2. **Optimized Yield Through Dynamic Allocation:** Instead of chasing yield manually, Moon LP automatically allocates where utilization is highest. This ensures LPs capture the best available returns in real time without active management. 3. **Passive Strategy, Professional Execution:** Depositors don’t need to monitor spreads, rebalance, or shift liquidity between venues. Moon LP handles the execution with a professional-grade algorithm. 4. **Short-Term Boost With Incentives:** Early adopters gain access to **$2,000 in $ADX** and **$2,000 in $FAF** rewards distributed over 2 weeks, further amplifying initial yield. * * * ### [](https://docs.neutral.trade/main-products/indexes/moon-lp#incentive-program) Incentive Program * **Total Incentives:** $2,000 in $ADX and $2,000 in $FAF * **Duration:** 2 weeks (from launch) * **Distribution:** Pro-rata based on user deposits This incentive program is designed as a short-term catalyst — seeding initial TVL, attracting depositors, and providing valuable data to evaluate long-term sustainability. * * * ### [](https://docs.neutral.trade/main-products/indexes/moon-lp#benefits) Benefits * **For Solana Perps:** Deeper liquidity, tighter spreads, and healthier markets. * **For Adrena & Partners:** Coordinated incentives highlight collaboration, not competition. * **For Depositors:** Safer, smarter, and more profitable LPing. Moon LP represents the next evolution of liquidity provision on Solana: capital-efficient, risk-aware, and ecosystem-aligned. * * * ### [](https://docs.neutral.trade/main-products/indexes/moon-lp#launch-date-29th-september-25) Launch date - 29th September 25' [PreviousIndexes](https://docs.neutral.trade/main-products/indexes) [Next\[Hyperliquid\] BTC Dominance](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance) Last updated 1 minute ago --- # USDC/SOL/BTC/ETH Savings | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/flexible-savings/usdc-sol-btc-eth-savings#explanation-of-savings) Explanation of Savings --------------------------------------------------------------------------------------------------------------------------------------------------------------------- Savings Vaults earn yield from Drift traders, including Neutral Trade’s strategies. Your assets are borrowed for a fee that changes, so the APY varies too. Expect consistent, up-only yields. The best way to earn yield on **blue-chip assets** — perfect for those seeking **stable, low-risk returns**. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FyG9i6Mj7NFP3iWCDSJgu%252Fchrome_OlewulVT9p.png%3Falt%3Dmedia%26token%3D0fd68a7a-428b-4091-96b8-79579a5c8adf&width=768&dpr=4&quality=100&sign=2e1e74cd&sv=2) Deposit USDC, SOL, ETH, or BTC into our Savings Vaults and lock in steady yields — protected from market drawdowns. The new Savings tab is live on our site. Current Rates (2025/03/11): * USDC: 4.27% APY * SOL: 12.22% APY * ETH: 6.87% APY * BTC: 0.43% APY Earn stable yields and stack NT Points on top. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/flexible-savings/usdc-sol-btc-eth-savings#redemption-period) Redemption Period ----------------------------------------------------------------------------------------------------------------------------------------------------------- Savings vaults feature no withdrawal redemption period, allowing funds to be accessed and withdrawn immediately. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/flexible-savings/usdc-sol-btc-eth-savings#risks) Risks ----------------------------------------------------------------------------------------------------------------------------------- While savings are considered low-risk and drawdown protected, certain risks remain, primarily stemming from counterparty exposure on Drift’s decentralized exchange (DEX). The key risk lies in Drift’s overall financial stability. If the exchange faces solvency issues, funds stored in its accounts may be at risk. * * * Launch date: 2025-03-11 [PreviousFlexible Savings](https://docs.neutral.trade/main-products/quant-strategies/deprecated/flexible-savings) [NextIndexes](https://docs.neutral.trade/main-products/indexes) Last updated 4 months ago --- # Fuel MAXI -[Deprecated] | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) Do you think Drift’s FUEL drop will be significant? Up to 7.82% of total DRIFT supply allocated this season! Need more FUEL? Deposit USDC and let us provide you a boost, ~7.5x more FUEL! This vault is for those looking for maximized Drift FUEL rewards, all while your USDC position remains hedged. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/fuel-maxi-deprecated#how-does-it-work) How does it work: ------------------------------------------------------------------------------------------------------------------------------------- ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FDXzdtCIuuPuglBi3vVxb%252Fchrome_rZpomS4zKa.png%3Falt%3Dmedia%26token%3D5308a180-62bc-47f6-bb82-1539ea7073e8&width=768&dpr=4&quality=100&sign=36d99167&sv=2) First, deposit USDC in the vault. The USDC is then swapped to AUSD on Jupiter, earning a 5x FUEL multiplier. AUSD is collateralized on Drift, earning lending yield. SOL is then borrowed and swapped into dSOL, earning a 5x FUEL multiplier too while dSOL staking yield and AUSD lending yield cover the SOL borrowing. This strategy's position of both AUSD & dSOL, strategically leveraged through Drift’s borrow & lending market, provides ~7.5x the FUEL rewards boost for every $1 of USDC you deposit! > https://docs.drift.trade/fuel/overview [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/fuel-maxi-deprecated#what-is-dsol) What is dSOL? ----------------------------------------------------------------------------------------------------------------------------- ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F6LjmpLIxja5c1UdFQOCB%252Fchrome_GgHWWnTgxG.png%3Falt%3Dmedia%26token%3D678f4d7c-c307-4042-b819-1bc91a248226&width=768&dpr=4&quality=100&sign=38632c17&sv=2) dSOL (Drift SOL) is a liquid staked Solana (LST) on Drift DEX. If you’re familiar with JitoSOL, think of dSOL as its direct counterpart, but designed specifically by Drift DEX. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/fuel-maxi-deprecated#what-is-ausd) What is AUSD? ----------------------------------------------------------------------------------------------------------------------------- ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FGC4ROJoDPIBR8EaxITnb%252Fchrome_tNN6k3nn04.png%3Falt%3Dmedia%26token%3D8d551ffd-ab04-43da-a63c-6dc254647d75&width=768&dpr=4&quality=100&sign=2aff2440&sv=2) AUSD is a digital dollar minted 1:1 with USD fiat. It’s designed to be a secure digital currency, utilizing one of the world’s largest custodian banks to secure assets, a big 4 auditor and a top tier fund manager. > [https://www.agora.finance/](https://www.agora.finance/) [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/fuel-maxi-deprecated#fees-and-withdrawals) Fees & Withdrawals ------------------------------------------------------------------------------------------------------------------------------------------ This vault has zero performance and management fees. The NT team will take a 10% cut of Drift’s upcoming FUEL drop for this vault. A 1-day withdrawal redemption period applies. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/fuel-maxi-deprecated#check-trades-here-drift) Check Trades Here (Drift) ---------------------------------------------------------------------------------------------------------------------------------------------------- [https://app.drift.trade/?authority=DzaHA2zD7XQhj2Z6tG9YxVtgcvJ4sqzeLYr8dszyQTEq](https://app.drift.trade/?authority=DzaHA2zD7XQhj2Z6tG9YxVtgcvJ4sqzeLYr8dszyQTEq) [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/fuel-maxi-deprecated#deposit-links) Deposit Links: ------------------------------------------------------------------------------------------------------------------------------- Neutral Trade Website (Main): [https://www.legacy.neutral.trade/strategies/fuel-maxi](https://www.legacy.neutral.trade/strategies/fuel-maxi) Drift Website (Backup): [https://app.drift.trade/vaults/strategy-vaults/DzaHA2zD7XQhj2Z6tG9YxVtgcvJ4sqzeLYr8dszyQTEq](https://app.drift.trade/vaults/strategy-vaults/DzaHA2zD7XQhj2Z6tG9YxVtgcvJ4sqzeLYr8dszyQTEq) * * * Fuel MAXI launch date - 28 Feb. [PreviousUSDC Basis (PerpsBasket) - \[Deprecated\]](https://docs.neutral.trade/main-products/quant-strategies/deprecated/usdc-basis-perpsbasket-deprecated) [NextTraders Print Vault -\[Deprecated\]](https://docs.neutral.trade/main-products/quant-strategies/deprecated/traders-print-vault-deprecated) Last updated 4 months ago --- # Transparency Hub | Neutral Trade Find everything you need to track our trades, APY calculations, vault fees, and withdrawal redemption times — all in one place. [PreviousNeutral Trade Points](https://docs.neutral.trade/additional-info/neutral-trade-points) [NextFees + Redemption Period](https://docs.neutral.trade/additional-info/transparency-hub/fees-+-redemption-period) Last updated 7 months ago --- # Track Our Trades | Neutral Trade Vault Name Authority Link (Drift) JLP Delta Neutral (USDC) V1 [https://app.drift.trade/?authority=3Nkctq19AW7gs5hkxixUDjS9UVjmCwcNCo7rqPpub87c](https://app.drift.trade/?authority=3Nkctq19AW7gs5hkxixUDjS9UVjmCwcNCo7rqPpub87c) JLP Delta Neutral (USDC) V2 [https://app.drift.trade/?authority=41Y8C4oxk4zgJT1KXyQr35UhZcfsp5mP86Z2G7UUzojU](https://app.drift.trade/?authority=41Y8C4oxk4zgJT1KXyQr35UhZcfsp5mP86Z2G7UUzojU) JLP Delta Neutral (USDC) V3 [https://app.drift.trade/?authority=7ngzeBygEksaBvKzHEeihqoLpDpWqTNRMVh2wCyb6NP8](https://app.drift.trade/?authority=7ngzeBygEksaBvKzHEeihqoLpDpWqTNRMVh2wCyb6NP8) JLP Delta Neutral (USDC) V4 [https://app.drift.trade/?authority=46fQeq1UX5djNkrY5d942inhRHjp1cTZmWBeCUZoqWT3](https://app.drift.trade/?authority=46fQeq1UX5djNkrY5d942inhRHjp1cTZmWBeCUZoqWT3) JLP Delta Neutral (USDC) V5 [https://app.drift.trade/?authority=9omhWDzVxpX1vPBxAhJpVao7baoVzZpNib32vozZLxGm](https://app.drift.trade/?authority=9omhWDzVxpX1vPBxAhJpVao7baoVzZpNib32vozZLxGm) Neutralized JLP [https://app.drift.trade/?authority=CG2zv4wsSetgs6mAucEKnHPwSoZSLYMwGroembTUNeaU](https://app.drift.trade/?authority=CG2zv4wsSetgs6mAucEKnHPwSoZSLYMwGroembTUNeaU) SOL Super Staking [https://app.drift.trade/?authority=EuSLjg23BrtwYAk1t4TFe5ArYSXCVXLBqrHRBfWQiTeJ](https://app.drift.trade/?authority=EuSLjg23BrtwYAk1t4TFe5ArYSXCVXLBqrHRBfWQiTeJ) BTC Super Staking [https://app.drift.trade/?authority=BVddkVtFJLCihbVrtLo8e3iEd9NftuLunaznAxFFW8vf](https://app.drift.trade/?authority=BVddkVtFJLCihbVrtLo8e3iEd9NftuLunaznAxFFW8vf) ETH Super Staking [https://app.drift.trade/?authority=ENr5e1BMN5vFUHf4iCCPzR4GjWCKgtHnQcdniRQqMdEL](https://app.drift.trade/?authority=ENr5e1BMN5vFUHf4iCCPzR4GjWCKgtHnQcdniRQqMdEL) SOL/ETH Flip [https://app.drift.trade/?authority=2zsHAfvD2BpmZbuPhc32dija8cXu8ow6n2yzyZTMvQ8V](https://app.drift.trade/?authority=2zsHAfvD2BpmZbuPhc32dija8cXu8ow6n2yzyZTMvQ8V) Traders REKT [https://app.drift.trade/?authority=2r81MPMDjGSrbmGRwzDg6aqhe3t3vbKcrYfpes5bXckS](https://app.drift.trade/?authority=2r81MPMDjGSrbmGRwzDg6aqhe3t3vbKcrYfpes5bXckS) USDC Basis (Sanctum-INF) [https://app.drift.trade/?authority=CxL8eQmGhN9LKSoHj7bU95JekFPtyZoUc57mbehb5A56](https://app.drift.trade/?authority=CxL8eQmGhN9LKSoHj7bU95JekFPtyZoUc57mbehb5A56) Hyper JLP [https://app.drift.trade/?authority=A1B9MVput3r1jS91iu8ckdDiMSugXbQeEtvJEQsUHsPi](https://app.drift.trade/?authority=A1B9MVput3r1jS91iu8ckdDiMSugXbQeEtvJEQsUHsPi) Hyperliquid Funding Arb [https://hypurrscan.io/address/0x281fE7aE00bdB5F54b8c13f33a89A17C0cF0771d](https://hypurrscan.io/address/0x281fE7aE00bdB5F54b8c13f33a89A17C0cF0771d) **BONK/PUMP** [https://app.drift.trade/?authority=7uUJtfVzhu6aXZypsARsAK8sjWsDxWJYUkaNzm3hTgid](https://app.drift.trade/?authority=7uUJtfVzhu6aXZypsARsAK8sjWsDxWJYUkaNzm3hTgid) [PreviousFees + Redemption Period](https://docs.neutral.trade/additional-info/transparency-hub/fees-+-redemption-period) [NextAPR Calculations](https://docs.neutral.trade/additional-info/transparency-hub/apr-calculations) Last updated 2 months ago --- # APR Calculations | Neutral Trade We display APR projections based on the past 90d. If a vault is new, the displayed timeframe will reflect the period from its launch date to today. For example, the APR is calculated using the current PPS (Price Per Share) compared to the PPS from 90 days ago. This means the displayed APR reflects a strategy's performance over the 3 months. While APR is based on historical performance and not guaranteed, it provides a clear insight into what depositors earned during that timeframe. APR is gross, before fees. `**APR = returns * (365 / daysElapsed) daysElapsed = past 90 days**` `**Returns = (end value - start value) / start value**` [PreviousTrack Our Trades](https://docs.neutral.trade/additional-info/transparency-hub/track-our-trades) [NextPyth Oracles](https://docs.neutral.trade/additional-info/transparency-hub/pyth-oracles) Last updated 2 months ago --- # Aster Funding Arb (USDT) | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) Earn sustainable, hedged yield — on your $USDT by capturing funding inefficiencies across Aster’s perpetual markets. Built by quant researchers, automated for everyone. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FrfGy2krqvhOQId5uZ208%252FDrafts%2520for%2520posting%2520%28dont%2520delete%29%2520%2861%29.png%3Falt%3Dmedia%26token%3D32da91be-2b7b-43ca-a599-a1d91dee307b&width=768&dpr=4&quality=100&sign=989f358e&sv=2) * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/aster-funding-arb-usdt#how-the-strategy-works) How the Strategy Works Put your $USDT to work in a smarter way. The **Aster Funding Arbitrage Strategy** is built to capture funding rate inefficiencies on Aster’s perpetual markets — delivering sustainable, market-neutral yield. No chasing token emissions. No guessing market direction. Just real returns from real market structure. * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/aster-funding-arb-usdt#how-it-works) How It Works This strategy runs a fully automated, **delta-neutral arbitrage model**. In plain terms: we balance spot and perpetual futures positions so price swings don’t matter — only funding payments do. When traders pile into one side of the perp market, they pay a funding fee to the other side. Our system makes sure you’re always on the right side of that equation. * If funding is **positive** → Long spot / Short perp * If funding is **negative** → Short spot / Long perp A hedged portfolio that earns from the demand for leverage, not from speculating on direction. * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/aster-funding-arb-usdt#why-delta-neutral) Why Delta-Neutral? Delta-neutral means your exposure to the underlying asset is basically flat: * Long 1 ASTER spot → +1 delta * Short 1 ASTER perp → –1 delta * Net = 0 That neutrality is what lets us isolate and harvest funding fees, regardless of whether the market is mooning or tanking. * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/aster-funding-arb-usdt#plug-and-play-for-depositors) Plug & Play for Depositors Here’s what you do: * **Deposit USDT** → that’s your ticket in. * **Wait** → the system handles execution, rebalancing, and risk. * **Withdraw** → once the cycle completes (typically 1–3 days). It’s fully automated. * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/aster-funding-arb-usdt#built-for-safety-and-efficiency) Built for Safety & Efficiency It’s structured like a professional trading desk: * Real-time rebalancing to keep delta flat * Smart execution to reduce slippage and protect yield * Low-leverage logic with liquidation buffers The goal is simple: consistent, sustainable returns with controlled risk. * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/aster-funding-arb-usdt#where-yield-comes-from) Where Yield Comes From The yield here is 100% structural: * **Funding payments** from perp markets (paid by overleveraged traders) * **Spot-perp price gaps** that our system arbitrages automatically No inflationary rewards. Just the natural flow of perp markets. * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/aster-funding-arb-usdt#fees-and-withdrawals) Fees & Withdrawals * **Performance Fee:** 25% (only if the strategy makes money) * **Management Fee:** Zero * **Withdrawals:** Typically 1–3 days depending on cycle/liquidity * **Deposit Lock:** 3 days * * * 📅 **Aster Funding Arbitrage Strategy Launch —** [PreviousHyperliquid Funding Arb (USDC)](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/hyperliquid-funding-arb-usdc) [NextYield Enhancement](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement) Last updated 15 hours ago --- # HYPE/SOL | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) A high-conviction, trend-following trade: long HYPE, short SOL. Requested by community. Use the Neutral Trade referral link when signing up on Hyperliquid to get LOWER TRADING FEES and unlock FUTURE PERKS: Use the Neutral Trade referral link when signing up on Hyperliquid to get LOWER TRADING FEES and unlock FUTURE PERKS: [https://app.hyperliquid.xyz/join/NEUTRALTRADE](https://app.hyperliquid.xyz/join/NEUTRALTRADE) * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hype-sol#summary) SUMMARY: * **Long HYPE** (spot exposure, not staked) * **Short SOL** (via perpetuals – earns funding yield) * Rebalanced daily to keep position sizes matched * Bet is simple: **HYPE will outperform SOL** ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hype-sol#the-idea) The Idea You're not betting on the whole crypto market — just that **HYPE outpaces Solana**. * HYPE is **exploding**: volume up, new all-time highs, major buzz * SOL is the **benchmark**: still strong, but slowing — perfect to short * Shorting SOL earns you **positive funding** ➡️ The vault rides **HYPE > SOL** performance, with daily balancing to keep exposure sharp. * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hype-sol#position-breakdown) Position Breakdown Leg Asset Allocation Yield Long HYPE (spot) 50% None Short SOL perpetuals 50% Earn funding * Rebalanced daily or when one leg moves >5% * Execution via TWAP with tight slippage controls * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hype-sol#why-hype-greater-than-sol) Why HYPE > SOL? Metric HYPE SOL Market Cap $4.5B $88B Volume (24h) $490M $3.7B (DEX only) Hype Level 🔥 High 🧘 Steady Narrative Upstart breakout Established leader 🧠 If HYPE captures even a **fraction** of SOL’s cap, the upside is huge. * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hype-sol#risks) Risks * **If SOL outperforms HYPE**, vault takes a hit * You're making a directional bet on HYPE vs. SOL But: * Short earns **positive** **funding yield** * HYPE momentum is **strong** * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hype-sol#vault-terms) Vault Terms Item Detail Perf Fee 10% of profits Mgmt Fee 0 * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hype-sol#whos-this-for) Who’s This For? * HYPE bulls who want a focused relative trade * Degens chasing **trend-driven alpha** * Allocators looking to diversify beyond broad market beta * * * [](https://docs.neutral.trade/main-products/quant-strategies/bet/hype-sol#deposit-here) DEPOSIT HERE: ---------------------------------------------------------------------------------------------------------- [https://app.hyperliquid.xyz/vaults/0xaae8a508a5e39c134a4d6a49d7dce82a17f84651](https://app.hyperliquid.xyz/vaults/0xaae8a508a5e39c134a4d6a49d7dce82a17f84651) * * * **Launch date — 10 Jule 25'** [PreviousBet](https://docs.neutral.trade/main-products/quant-strategies/bet) [NextTraders Rekt Vault](https://docs.neutral.trade/main-products/quant-strategies/bet/traders-rekt-vault) Last updated 2 months ago --- # ETH Super Staking | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/eth-super-staking#explanation-of-the-eth-super-staking) Explanation of the ETH Super Staking -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ETH Super Staking empowers Ethereum holders with a robust liquidity-enhancing strategy, improving decentralized exchange resilience, especially on Jupiter Perp DEX. We acquire JLP and precisely hedge against SOL and BTC exposure, while re-establishing a full 100% ETH position via wETH purchases in the spot market. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/eth-super-staking#where-does-the-yield-come-from) Where does the yield come from? --------------------------------------------------------------------------------------------------------------------------------------------------------------------- Let’s explore the key sources of yield for the staking vault: 1. **JLP fees** — 66.59% APY as of 11/17/2024 (75% of trading fees, borrowing fees, mint / burn fees, liquidation fees from traders trading on [Jupiter Perp DEX](https://jup.ag/perps) ) 2. **Funding fees from Perpetual Shorts on SOL and BTC** (Longs usually pay shorts perps funding) —  ~26.8% APY and ~51.36% APY respectively on SOL and BTC of 11/17/2024 Combined, these sources deliver the yield, allowing you to gain pure ETH exposure and secure consistent rewards. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/eth-super-staking#what-is-weth) What is wETH? --------------------------------------------------------------------------------------------------------------------------------- Wrapped Ethereum (wETH) is a tokenized version of Ethereum (ETH) that operates on other blockchains, such as Ethereum and Solana, pegged 1:1 to Ethereum’s value. This allows ETH holders to engage with DeFi apps without selling their Ethereum, unlocking access to a range of protocols and liquidity options beyond the Ethereum mainnet network. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/eth-super-staking#traditional-eth-staking-options) Traditional ETH Staking Options ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- * **Pure ETH staking** on common DEXs: ~5% APY * **ETH lending** on platforms: ~2% APY ETH Super Staking is built to outperform, offering an enhanced yield that traditional ETH staking options can’t match. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/eth-super-staking#lock-up-period-and-withdrawals) Lock Up Period & Withdrawals ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Our ETH Super Staking vault applies a 20% performance fee on profits, along with a 1% management fee, ensuring high-performance management with aligned incentives. To optimize liquidity and returns, deposits come with a brief 1-day redemption period. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/eth-super-staking#what-are-the-risks-compared-to-the-original-jlpdn-vault) What are the risks compared to the original JLPDN vault? ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- In addition to the risks outlined in [this](https://neutraltrade.medium.com/risks-of-the-jlp-delta-neutral-strategy-294d0899ece4) article, we want to emphasize that depositors are fully exposed to ETH’s market performance. This means you have the potential to capture both upside gains and downside losses depending on ETH’s price movements. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/eth-super-staking#check-trades-here-drift) Check Trades Here (Drift) -------------------------------------------------------------------------------------------------------------------------------------------------------- [https://app.drift.trade/?authority=ENr5e1BMN5vFUHf4iCCPzR4GjWCKgtHnQcdniRQqMdEL](https://app.drift.trade/?authority=ENr5e1BMN5vFUHf4iCCPzR4GjWCKgtHnQcdniRQqMdEL) [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/eth-super-staking#deposit-links) Deposit Links: ----------------------------------------------------------------------------------------------------------------------------------- Neutral Trade Website (Main): [https://www.app.neutral.trade/strategies/ethnl](https://www.app.neutral.trade/strategies/ethnl) Drift Website (Backup): [https://app.drift.trade/vaults/strategy-vaults/ENr5e1BMN5vFUHf4iCCPzR4GjWCKgtHnQcdniRQqMdEL](https://app.drift.trade/vaults/strategy-vaults/ENr5e1BMN5vFUHf4iCCPzR4GjWCKgtHnQcdniRQqMdEL) * * * ETH Super Staking launch date - 17 Nov. [PreviousSOL Super Staking](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/sol-super-staking) [NextBTC Super Staking](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/btc-super-staking) Last updated 4 months ago --- # NT Earn | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) The **NT Earn** is a passive yield product built on top of Neutral Vaults. NT Earn allocates to the top lending pools in multiple markets dynamically to diversify counterparty risks and maximize risk-adjusted yield, in order to generate passive returns for your $USDC. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F0BkTTzKvxbZgeHzFHgNe%252FDrafts%2520for%2520posting%2520%28dont%2520delete%29%2520%2857%29.png%3Falt%3Dmedia%26token%3D4332d088-2c4d-4c26-8c0d-081f993cceb0&width=768&dpr=4&quality=100&sign=fb16295d&sv=2) [](https://docs.neutral.trade/main-products/nt-earn#how-it-works) How-It-Works ----------------------------------------------------------------------------------- When you deposit into the Earn Vault, your capital is automatically distributed across top-performing DeFi lending markets on Solana: * **Kamino (Our** [**Max Yield**](https://app.kamino.finance/earn/lend/67dqmR76uAbjX6e81A1ganKv3ou31WUMEdeWJkwVfeXy) **vault that allocates to multiple Kamino lending markets)** * **Drift** * **Jup Lend (Coming soon)** This gives you passive exposure to yield — with no active management needed. [](https://docs.neutral.trade/main-products/nt-earn#flow-overview) Flow Overview ------------------------------------------------------------------------------------- [](https://docs.neutral.trade/main-products/nt-earn#features) Features --------------------------------------------------------------------------- 1. Passive yield exposure across multiple DeFi platforms 2. Automated strategy allocation — no manual rebalancing 3. 1-day withdrawal cooldown to allow for safe unwinding 4. No deposit or vault fees Funds are diversified across multiple platforms and strategies. [](https://docs.neutral.trade/main-products/nt-earn#redemption-period-and-fees) Redemption Period & Fees ------------------------------------------------------------------------------------------------------------- There are no fees on this product. The goal is to direct liquidity to different lending pools to make the market more efficient and provide a return of capital to our users. To optimize liquidity and returns, deposits come with a brief 1-day redemption period. [](https://docs.neutral.trade/main-products/nt-earn#deposit-here) Deposit here ----------------------------------------------------------------------------------- [https://www.app.neutral.trade/earn](https://www.app.neutral.trade/earn) * * * [](https://docs.neutral.trade/main-products/nt-earn#tldr) TLDR ------------------------------------------------------------------- * Earn Vault allocates your capital to DeFi strategies for passive yield * 100% managed by Neutral’s smart contracts (Audited twice) * Zero fees * Withdraw anytime (with a 1-day cooldown) * * * Launch date - 4th August 2025 [PreviousHyper JLP](https://docs.neutral.trade/main-products/indexes/hyper-jlp) [NextPrivate Credit](https://docs.neutral.trade/main-products/private-credit) Last updated 1 month ago --- # Hyper JLP | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) **Holding $JLP but not a fan of ETH, SOL (non-LST), wBTC, or idle stables in the mix?** We’ve got something special just for you. At **Neutral Trade**, we believe **liquidity providers should earn more** — more yield, more upside, and more efficient exposure. That’s why we’ve reimagined JLP from the ground up. [](https://docs.neutral.trade/main-products/indexes/hyper-jlp#meet-hyper-jlp-jlpv2) Meet Hyper JLP (JLPv2) --------------------------------------------------------------------------------------------------------------- ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F6cDFt72ylvMZuW3Pk8j7%252FDrafts%2520for%2520posting%2520%28dont%2520delete%29%2520%2817%29.png%3Falt%3Dmedia%26token%3D543bd899-5e03-44aa-8e25-a264beccdd88&width=768&dpr=4&quality=100&sign=3ad30d45&sv=2) **Hyper JLP** — A powerful upgrade over the original JLP. [](https://docs.neutral.trade/main-products/indexes/hyper-jlp#why-we-upgraded-usdjlp) Why We Upgraded $JLP --------------------------------------------------------------------------------------------------------------- The original JLP was a **great start** — but it left value on the table: * **Unoptimized exposure**: Assets like WETH and WBTC didn’t capture the best opportunities. * **Idle stablecoins**: Valuable capital wasn’t earning yield. * **Traders PnL:** LP returns were diluted by trader profits in bull markets. [https://jup.ag/perps-earn](https://jup.ag/perps-earn) So we fixed it. * **WETH ➝ HYPE**: a top-performing asset in a fast-growing ecosystem. * **WBTC ➝ cbBTC**: Keep BTC exposure with reduced counterparty risk via cbBTC. * **SOL ➝ dSOL**: Your SOL now earns ~8% APY through dSOL, a yield-bearing liquid staking token. * **The underlying assets earns lending yield** (dSOL and cbBTC) * Instead of idle stables, we deploy them in **delta-neutral strategies** built on top of JLP itself ( You earn trading fees, liquidation fees, margin fees, and more — without taking price risk) ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FjDLH9UVrbkMEU5fwcySp%252Fimage_2025-05-03_21-10-37.png%3Falt%3Dmedia%26token%3D015cb609-a28f-497b-a43d-3c11f21cadb1&width=768&dpr=4&quality=100&sign=e9e4c763&sv=2) [](https://docs.neutral.trade/main-products/indexes/hyper-jlp#full-upside-in-bull-markets) Full Upside In Bull markets --------------------------------------------------------------------------------------------------------------------------- • **No traders’ PnL drag:** Unlike traditional JLP, **Hyper JLP** removes trader PnL exposure. This means in a rising market, **you capture the full upside** — without subsidizing trader gains. [](https://docs.neutral.trade/main-products/indexes/hyper-jlp#check-trades-here-drift) Check Trades Here (Drift) --------------------------------------------------------------------------------------------------------------------- [https://app.drift.trade/?authority=A1B9MVput3r1jS91iu8ckdDiMSugXbQeEtvJEQsUHsPi](https://app.drift.trade/?authority=A1B9MVput3r1jS91iu8ckdDiMSugXbQeEtvJEQsUHsPi) [](https://docs.neutral.trade/main-products/indexes/hyper-jlp#deposit-links) Deposit Links: ------------------------------------------------------------------------------------------------ Neutral Trade Website (Main): [https://www.app.neutral.trade/strategies/hyperjlp](https://www.app.neutral.trade/strategies/hyperjlp) Drift Website (Backup): Soon * * * **Ride the bull with Hyper JLP.** * * * Hyper JLP launch date — 3rd May 2025 [Previous\[Hyperliquid\] ALT Dominance](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance) [NextNT Earn](https://docs.neutral.trade/main-products/nt-earn) Last updated 4 months ago --- # Audit | Neutral Trade **Neutral Trade Vaults Infrastructure Successfully Audited by Quantstamp and Halborn** In addition to our core infrastructure, **Neutral Trade leverages** [**Drift Vaults**](https://github.com/drift-labs/drift-vaults) , which have undergone audits by multiple top-tier security firms. Report by Quantstamp: [https://certificate.quantstamp.com/full/neutral-trade/52a6403b-648c-4ea6-be5e-c8b525acc9b7/index.html](https://certificate.quantstamp.com/full/neutral-trade/52a6403b-648c-4ea6-be5e-c8b525acc9b7/index.html) [PreviousPyth Oracles](https://docs.neutral.trade/additional-info/transparency-hub/pyth-oracles) [NextHow-To-Use Guide](https://docs.neutral.trade/additional-info/how-to-use-guide) Last updated 1 month ago --- # Neutral Trade Points | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fcdn-images-1.medium.com%2Fmax%2F800%2F1*5wzsf4DgMCLzB9SEa9kHTA.png&width=768&dpr=4&quality=100&sign=234170f4&sv=2) > \- What’s better than earning a solid yield APY on your USDC (or SOL, BTC, ETH with similarly high APYs)? > \- Earning **YIELD plus NT Points**, of course! Introducing **Neutral Trade Points** — a next-level rewards system built just for our depositors. [](https://docs.neutral.trade/additional-info/neutral-trade-points#what-are-nt-points) What Are NT Points? --------------------------------------------------------------------------------------------------------------- **NT Points** are your personal tracker for contributions to Neutral Trade. The more you deposit and the longer you stay invested, the more points you accumulate. For now, every $1 deposited in a vault earns you **1 NT Point** over a year of investment approximately. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F0N08vOXnZcPv8dNMJYMP%252Fchrome_JZ6gEDDTx8.png%3Falt%3Dmedia%26token%3Dab1af062-104b-462f-99ae-ae41d1345c71&width=768&dpr=4&quality=100&sign=b28eb398&sv=2) [](https://docs.neutral.trade/additional-info/neutral-trade-points#how-to-earn-nt-points) How to Earn NT Points? --------------------------------------------------------------------------------------------------------------------- Earning NT Points is simple! Here’s how: 1. **Choose a Vault** Pick any of our vaults and start earning. Every deposit not only works for you but also accumulates NT Points. 2. **Deposit and Accumulate** The more you deposit, the more NT Points you earn over time. 3. **Vault Multipliers (soon)** While every vault earns you NT Points, some vaults come with multipliers, boosting your point accumulation. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FKW7vaCtU7DyZFmru54Wn%252Fchrome_9PGD0WPG1c.png%3Falt%3Dmedia%26token%3Dbf40dabf-a847-4628-9107-02861d3e14c4&width=768&dpr=4&quality=100&sign=b535f571&sv=2) [](https://docs.neutral.trade/additional-info/neutral-trade-points#vault-multipliers) Vault Multipliers ------------------------------------------------------------------------------------------------------------ At launch, there will be no active multipliers. To ensure fair points distribution aligned with the yield/risk profile of each vault, we are committed to implementing the following multipliers: Vault multipliers accelerate how quickly you earn **NT Points.** For example, with a 2x multiplier, depositing $1 will earn you **1 NT Point in just 6 months** instead of a year. The higher the multiplier, the faster you accumulate rewards! [PreviousNeutral Strategy Vaults](https://docs.neutral.trade/infrastructure/neutral-strategy-vaults) [NextTransparency Hub](https://docs.neutral.trade/additional-info/transparency-hub) Last updated 3 months ago --- # Brand Kit | Neutral Trade [PreviousOur Partners](https://docs.neutral.trade/additional-info/our-partners) [NextRisk Warnings and Disclaimers Statement](https://docs.neutral.trade/legal/risk-warnings-and-disclaimers-statement) Last updated 9 months ago --- # CTA SOL Strategy [Deprecated] | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) **Overview** This **CTA-SOL strategy** is managed by **Marco**, an external quant trader who has passed due diligence by the Neutral Trade team. The strategy leverages advanced machine learning and alternative data to exploit momentum and mean reversion in digital assets like $SOL. While it delivers a high Sharpe ratio and strong returns, the risk level can be significant. Maximum drawdowns can reach 15% or more. Invest wisely. #### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#key-highlights) **Key Highlights** * **Asset Focus:** Solana ($SOL) * **Trading Frequency:** High-frequency, intra-day trading * **Holding Period:** ~1 hour (median) * **Execution Platforms:** Drift on Solana * **Leverage:** Adaptive, based on market conditions * **Risk Controls:** 15% target volatility * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#strategy-edge) **Strategy Edge** #### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#id-1.-continuous-trading-and-high-adaptability) **1\. Continuous Trading & High Adaptability** * Generates trading signals **every 1 minute** to quickly react to market regime changes. * Ensures execution efficiency by constantly adjusting to new data. #### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#id-2.-machine-learning-and-alternative-data-utilization) **2\. Machine Learning & Alternative Data Utilization** * **Market Sentiment & Investor Behavior Analysis** to capture hidden signals. * ML-driven expected return estimations optimize **position sizing & trade execution**. #### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#id-3.-back-tested-and-live-trading-proven-performance) **3\. Back-Tested and Live-Trading Proven Performance** * **Back-Test Results for $SOL:** * **Sharpe Ratio:** 3-5 * **Annualized Returns (APR):** 250-300% * **Maximum Drawdown (MDD):** 15% (after 2bps fee) * **Turnover:** 5x daily * **Holding Period:** ~1 hour * **Neutral Trade Live Trading Validation:** * **90-day live monitoring on CEXs and Drift.** * Consistent profitability while adhering to **strict risk parameters**. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F5cWVCVJmaij2NGVc6opg%252Fimage.png%3Falt%3Dmedia%26token%3Dc3c506cc-4a0e-4f00-81bd-d1863195954f&width=768&dpr=4&quality=100&sign=acb9da2b&sv=2) Neutral Vault Live Tracking since Jan 2025 * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#due-diligence-and-selection-process) **Due Diligence & Selection Process** Neutral Trade conducted a rigorous **due diligence process** before onboarding Marco as an external trader for the CTA SOL Strategy. Key steps include: #### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#id-1.-strategy-evaluation) **1\. Strategy Evaluation** * **Back-test verification:** Ensured risk-adjusted returns align with expectations. * **Live tracking (90 days):** Performance monitoring across centralized exchanges and Drift. * **Risk model review:** Assessed robustness against changing market conditions. #### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#id-2.-risk-management-and-portfolio-fit) **2\. Risk Management & Portfolio Fit** * **Target 15% volatility** ensures controlled risk exposure. * **Diversification:** Uncorrelated returns complement Neutral Trade’s existing strategies. * **Scalability analysis:** Assessed liquidity constraints and execution efficiency. #### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#id-3.-transparency-and-operational-alignment) **3\. Transparency & Operational Alignment** * **On-chain tracking:** Allows real-time monitoring of positions. * **Trade execution controls:** Ensures orders are within risk and liquidity parameters. ### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#risk-management-on-neutrals-side) **Risk Management on Neutral's side** Neutral Trade will constantly track the volatility and daily maximum drawdown on the vault - if it exceeds the historical numbers of the strategy, the team would cut half of the position size, and if it is above our maximum theshold %, we will stop the algo and unwind positions, and conduct prompt reevaluation on the strategy. The risk management procedure allows the maximum drawdown of our users to be less than 20%. [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#fees-and-withdrawals) Fees & Withdrawals ------------------------------------------------------------------------------------------------------------------------------------------------- 25% performance fee on profits our trading made for you and 2% management fee. To optimize liquidity and returns, deposits come with a 7-day redemption period. * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#why-we-chose-marco) **Why We Chose Marco** ✅ **Proven Track Record:** Extensive hedge fund experience in multi-strategy trading. ✅ **ML & Data-Driven Edge:** Advanced use of alternative data to extract alpha. ✅ **Uncorrelated Alpha:** Provides diversification benefits to Neutral Trade. ✅ **Transparent & Accountable:** Willingness to operate with **on-chain monitoring**. * * * ### [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#next-steps-and-implementation) **Next Steps & Implementation** 🔹 Marco’s CTA SOL Strategy is **now live** and actively trading on Neutral Trade ([https://www.app.neutral.trade/strategies/cta-sol-marco](https://www.app.neutral.trade/strategies/cta-sol-marco) ) 🔹 We continue to monitor **performance and risk metrics** to ensure long-term sustainability. 🔹 Ongoing collaboration with Neutral Trade to refine execution strategies. Stay updated on performance and insights as we scale our Solana trading strategies! [](https://docs.neutral.trade/main-products/quant-strategies/deprecated/cta-sol-strategy-deprecated#deposit-links) Deposit Links: -------------------------------------------------------------------------------------------------------------------------------------- Neutral Trade Website (Main): [https://www.app.neutral.trade/strategies/solctamarco](https://www.app.neutral.trade/strategies/solctamarco) Drift Website (Backup): [https://app.drift.trade/vaults/strategy-vaults/DbAX9qNiHrtrngLz8e5nBNWbmeGGVRKUQtxfGdENCFJS](https://app.drift.trade/vaults/strategy-vaults/DbAX9qNiHrtrngLz8e5nBNWbmeGGVRKUQtxfGdENCFJS) [PreviousInverse JLP DN - \[Deprecated\]](https://docs.neutral.trade/main-products/quant-strategies/deprecated/inverse-jlp-dn-deprecated) [NextMemes ETF (Generational Wealth)](https://docs.neutral.trade/main-products/quant-strategies/deprecated/memes-etf-generational-wealth) Last updated 4 months ago --- # How-To-Use Guide | Neutral Trade [](https://docs.neutral.trade/additional-info/how-to-use-guide#video-guide-the-latest-ui) VIDEO GUIDE (The Latest UI): --------------------------------------------------------------------------------------------------------------------------- [](https://docs.neutral.trade/additional-info/how-to-use-guide#how-to-deposit) How To Deposit: --------------------------------------------------------------------------------------------------- 1. **Visit Our Website** — [https://www.neutral.trade/](https://www.neutral.trade/) 2. **Choose a Vault** ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252Fe50igyDpMcsd2EED0abF%252Fchrome_tM07vJ6pzn.png%3Falt%3Dmedia%26token%3Dee6f4620-ec16-4b21-b25c-0c97aaf46393&width=768&dpr=4&quality=100&sign=ba78495f&sv=2) 1. **Connect Your Wallet** ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FbD9bxPuuSG29BVNlHuJU%252Fchrome_Fj5gsaJObs.png%3Falt%3Dmedia%26token%3D5028dd7b-3434-429e-ad15-5890b4c5e098&width=768&dpr=4&quality=100&sign=3cc65f37&sv=2) 1. **Enter Deposit Amount** ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FzUQSVUUF8fQOuTGmTFve%252Fchrome_XYjHogYaJC.png%3Falt%3Dmedia%26token%3D46e6d67b-2960-4c56-af8a-50a6f1fce2df&width=768&dpr=4&quality=100&sign=1d51cf9d&sv=2) 1. **Click Deposit** ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FFfhBamTTGG7Bz7jl6CXU%252Fchrome_XYjHogYaJC.png%3Falt%3Dmedia%26token%3Da1d6db4c-3c9c-4089-8ace-3b192aa5bd3f&width=768&dpr=4&quality=100&sign=831c4776&sv=2) 1. **Approve the Transaction in your wallet** [](https://docs.neutral.trade/additional-info/how-to-use-guide#how-to-withdraw) How To Withdraw: ----------------------------------------------------------------------------------------------------- 1. **Navigate to the vault where your funds are stored.** ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRWCXQ7UmCWJS86Wf7pd6%252Fchrome_M1RLEJL8WF.png%3Falt%3Dmedia%26token%3D728ff5d6-5025-4c28-8c0b-e137ef79c18b&width=768&dpr=4&quality=100&sign=71ff4978&sv=2) 1. **Connect your wallet** ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FbD9bxPuuSG29BVNlHuJU%252Fchrome_Fj5gsaJObs.png%3Falt%3Dmedia%26token%3D5028dd7b-3434-429e-ad15-5890b4c5e098&width=768&dpr=4&quality=100&sign=3cc65f37&sv=2) 1. **Go to the Withdraw Tab** ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F6XbJZnUhxXw4CQ1j06OI%252Fchrome_vRST1Tputw.png%3Falt%3Dmedia%26token%3Da6b1b35e-a147-4894-b5cc-8b7042bc6cb1&width=768&dpr=4&quality=100&sign=1787fe1&sv=2) 1. **Enter Withdrawal Amount** ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FB9BoTdgI7HPJUXDRWKWh%252Fchrome_gFil8VIdar.png%3Falt%3Dmedia%26token%3D5788c231-0219-4702-922c-25d1b650ed30&width=768&dpr=4&quality=100&sign=47f749d6&sv=2) 1. **Click Withdraw** ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FKqmKpjnTYj7dEH13XNrM%252Fchrome_gFil8VIdar.png%3Falt%3Dmedia%26token%3D1f6edff1-c508-47f3-b2b9-61acfd619a97&width=768&dpr=4&quality=100&sign=c25c84c4&sv=2) 1. **Approve the Transaction** – Confirm the transaction in your wallet. 2. **Wait for the redemption period to end** 3. **Once the redemption period ends, simply click withdraw again and claim your funds** [PreviousAudit](https://docs.neutral.trade/additional-info/audit) [NextVaults FAQ](https://docs.neutral.trade/additional-info/vaults-faq) Last updated 3 months ago --- # Our Partners | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FtO3oFs6jZHPY3weTSjIN%252Fchrome_z9P1053Nyl.png%3Falt%3Dmedia%26token%3D582aab6c-f8a7-4538-856f-eb21762bc43a&width=768&dpr=4&quality=100&sign=53790786&sv=2) ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FxbpHG5BPbToMv9BHvzyK%252Fchrome_lNgaADfsDt.png%3Falt%3Dmedia%26token%3D93e10f41-d11a-4842-a37f-8175b6b2e034&width=768&dpr=4&quality=100&sign=2f883ad1&sv=2) [PreviousVaults FAQ](https://docs.neutral.trade/additional-info/vaults-faq) [NextBrand Kit](https://docs.neutral.trade/additional-info/brand-kit) Last updated 3 months ago --- # JLP Delta Neutral (USDC) | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) Video Explanation: [https://www.youtube.com/watch?v=EbBLCv0jpCA](https://www.youtube.com/watch?v=EbBLCv0jpCA) [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/jlp-delta-neutral-usdc#explanation-of-the-jlp-delta-neutral-dn-strategy) Explanation of the JLP Delta Neutral (DN) Strategy ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fcdn-images-1.medium.com%2Fmax%2F1200%2F1*KVTutNq_IGi59P6uuxdjxQ.png&width=768&dpr=4&quality=100&sign=f13a016e&sv=2) The JLP Delta Neutral (DN) Strategy offers a unique and high-performing way to generate stable returns by completely hedging market exposure through advanced quantitative and systematic methods. This approach enables stable YIELD by collecting fees from Jupiter perpetual contracts (perps) on an hourly basis. Here's how it stands out compared to other stablecoin yield options in the market: * **Lending Yields on Aave (USDC)**: Typically, 3-4% APY * **Ethena (sUSDe)**: ~4.5% APY, doing funding rate arbitrage on BTC and ETH on multiple exchanges * **Kamino JLP Market (USDC)**: Offers around 7.5% APY, with the risks of bad debt if liquidations are not performed quick enough * **Other Yield Vaults** : Yields range from 3-10% APY, but much of this is artificially boosted by reward tokens, or some are even losing money By comparison, the JLP DN Strategy delivered a **real yield of >70% APY for the first 3 months starting from October**, primarily generated from trading fees, borrowing fees, and liquidation fees earned from traders engaging with Jupiter perps. This strategy offers one of the best risk-adjusted returns in the market. It leverages well-established platforms like Drift and Jupiter, both of which are known for their thorough auditing and reliability. Unlike other yield farming opportunities, which often involve risks like bad debt from lending, slashing risks from restaking protocols, and exposure to smart contract failures, liquidity issues, or impermanent loss, the JLP DN Strategy mitigates these risks, offering a more secure and reliable way to earn high returns. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252Fgyr5AObNJhKGhnx1FHqO%252Fimage_2024-10-07_12-24-12.png%3Falt%3Dmedia%26token%3Da4d2a837-8f0b-4f40-892b-c92a991e3475&width=768&dpr=4&quality=100&sign=3cd829c9&sv=2) * * * [](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/jlp-delta-neutral-usdc#risks) Risks -------------------------------------------------------------------------------------------------------------------- [![Logo](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fmiro.medium.com%2Fv2%2Fresize%3Afill%3A304%3A304%2F10fd5c419ac61637245384e7099e131627900034828f4f386bdaa47a74eae156&width=20&dpr=4&quality=100&sign=92285e27&sv=2)Risks of the JLP Delta Neutral StrategyMedium](https://neutraltrade.medium.com/risks-of-the-jlp-delta-neutral-strategy-294d0899ece4) * * * JLPDN launch date - 1 Oct. JLPDN (Drift) V2 launch date - 12 Nov. JLPDN (Drift) V3 launch date - 23 Dec. JLPDN (Drift) V4 launch date - 2025-01-23 JLPDN (Drift) V5 launch date - 2025-01-24 [PreviousMarket Neutral](https://docs.neutral.trade/main-products/quant-strategies/market-neutral) [NextJLP Delta Neutral (JLP in-kind)](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/jlp-delta-neutral-usdc/jlp-delta-neutral-jlp-in-kind) Last updated 2 months ago --- # [Hyperliquid] ALT Dominance | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) Neutral Trade is now live on Hyperliquid — starting with our [Funding Arb](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/hyperliquid-funding-arb-usdc) strategy and expanding with two brand-new Dominance Vaults, built directly on Hyperliquid’s native vault infrastructure. Save more on Hyperliquid! Use our Referral Code: [https://app.hyperliquid.xyz/join/NEUTRALTRADE](https://app.hyperliquid.xyz/join/NEUTRALTRADE) ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F1uMlvgoYTXQlrJsBYB6h%252FDrafts%2520for%2520posting%2520%28dont%2520delete%29%2520%2838%29.png%3Falt%3Dmedia%26token%3D295239f6-19cf-4f5b-8502-1a92d56292d4&width=768&dpr=4&quality=100&sign=c46be8e1&sv=2) [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#what-is-dominance) 🤔 What is Dominance? --------------------------------------------------------------------------------------------------------------------------- Dominance shows how much of the total crypto market is allocated to a specific asset — **BTC** or **Altcoins.** ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#formulas) ➗Formulas: DominanceBTC\=Market CapBTC∑i\=1NMarket Capi\\text{Dominance}\_{BTC} = \\frac{\\text{Market Cap}\_{BTC}}{\\sum\_{i=1}^{N} \\text{Market Cap}\_i}DominanceBTC​\=∑i\=1N​Market Capi​Market CapBTC​​ This ratio reflects capital flows: * **BTC Dominance ↑** → Capital is rotating into Bitcoin (risk-off) * **BTC Dominance ↓** → Capital is rotating into altcoins (risk-on) **ALT Dominance** is simply the inverse: DominanceALT\=1−DominanceBTC\\text{Dominance}\_{ALT} = 1 - \\text{Dominance}\_{BTC}DominanceALT​\=1−DominanceBTC​ [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#id-1.-alt-dominance-vault) 1\. ALT Dominance Vault ------------------------------------------------------------------------------------------------------------------------------------- ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FcmwTQUFqwzYmhtQwEI1O%252Fchrome_yB5yFrxNsl.png%3Falt%3Dmedia%26token%3Dd5e8986f-8d63-46e9-a6fb-4fbe7b4908bb&width=768&dpr=4&quality=100&sign=77cd81e3&sv=2) #### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#this-vault-targets-altcoin-strength-relative-to-btc-also-known-as-alt-season) This vault targets **altcoin strength relative to BTC** — also known as ALT SEASON It goes: * **Long top-20 altcoins** (ETH, SOL, meme coins, etc.) * **Short BTC** as the hedge You earn when altcoins **outperform Bitcoin**, regardless of market direction ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#id-1.1-mechanics-and-features) 1.1 Mechanics and features * Fully collateralized, 1× notional exposure * Cap-weighted altcoin basket updated daily * Automated algorithms (No manual rebalancing) * Market-neutral (You are only exposed to BTC/ALT dominance) ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#id-1.2-alt-dominance-vault-flow) 1.2 ALT Dominance Vault Flow ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#id-1.3-live-allocation-the-latest-snapshot-for-example) 1.3 Live Allocation (The latest snapshot for example) Asset Direction % of Vault AUM Top-20 Alts Long 49% (cap-weighted) BTC Short 51% ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#id-1.4-weights-visualization-the-latest-snapshot) 1.4 Weights Visualization (The latest snapshot) * * * [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#how-you-make-money) How You Make Money ------------------------------------------------------------------------------------------------------------------------- Crypto doesn’t just move up or down — it **ROTATES** Sometimes Bitcoin leads. Sometimes altcoins run. That back-and-forth creates one of the most reliable patterns in the market — and **Dominance Vaults** are built to capture it ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#heres-how-you-benefit) Here's how you benefit: #### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#id-1.-profit-from-capital-rotation) 1\. **Profit from Capital Rotation** Markets frequently rotate between **risk-on** (focused on altcoins) and **risk-off** (focused on Bitcoin) phases, representing two flip sides. You make money when one side **outperforms** the other, even if overall prices stay flat. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FSKA5phY5fZJR5sOBJ9PX%252Fimage%2520%2810%29.png%3Falt%3Dmedia%26token%3D3fa187cf-21b6-4a98-88c6-9a38a3f3f372&width=768&dpr=4&quality=100&sign=a96a2ec&sv=2) #### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#id-3.-risk-controlled-investment) 3\. Risk-controlled investment The vaults spread your position across a carefully selected basket of assets — including L1s, DeFi, memes, and majors — to reduce the impact of any single token blowing up or underperforming ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#tldr) TLDR: * **BTC Dominance Vault** → Long BTC / Short Alts → Works best during BTC rallies or corrections * **ALT Dominance Vault** → Long Alts / Short BTC → Works best during altcoin season * 100% market-neutral, daily-rebalanced and auto-optimized * Easy to use * * * [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#fees-and-withdrawals) Fees & Withdrawals --------------------------------------------------------------------------------------------------------------------------- 10% performance fee on profits our trading made for you. * * * [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#deposit-links) Deposit Links: ---------------------------------------------------------------------------------------------------------------- Neutral Trade website: [https://www.app.neutral.trade/strategies/](https://www.app.neutral.trade/strategies/hyperjlp) Hyperliquid directly: > ALT Dominance Vault: [https://app.hyperliquid.xyz/vaults/0xb03715bec4514ae7d338fcd85053ca227a1fb823](https://app.hyperliquid.xyz/vaults/0xb03715bec4514ae7d338fcd85053ca227a1fb823) [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#check-positions-here-hyperliquid) Check Positions Here (Hyperliquid) ------------------------------------------------------------------------------------------------------------------------------------------------------- ALT Dominance Vault: [https://app.hyperliquid.xyz/vaults/0xb03715bec4514ae7d338fcd85053ca227a1fb823](https://app.hyperliquid.xyz/vaults/0xb03715bec4514ae7d338fcd85053ca227a1fb823) * * * ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance#launch-date-25th-june-25) Launch date - 25th June 25' [Previous\[Hyperliquid\] BTC Dominance](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance) [NextHyper JLP](https://docs.neutral.trade/main-products/indexes/hyper-jlp) Last updated 2 months ago --- # Traders Rekt Vault | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) Video Explanation: [https://www.youtube.com/watch?v=ZEyyDs-MSsI](https://www.youtube.com/watch?v=ZEyyDs-MSsI) [](https://docs.neutral.trade/main-products/quant-strategies/bet/traders-rekt-vault#explanation-of-the-traders-rekt-vault) Explanation of the Traders REKT Vault --------------------------------------------------------------------------------------------------------------------------------------------------------------------- _YAHTZEE_! Do you always feel that the market is against you? Do you always buy high and sell low? Do you see gamblers beating the casino? Bet on traders losing on [Jupiter Perps](https://jup.ag/perps) . Deposit USDC into this vault to bet AGAINST the traders who's trading on Jupiter, WHILE earning 30% APY fees from trading fees, borrowing fees and liquidation fees. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F7pmfi7UHqS8QV8KX2fR2%252Fimage.png%3Falt%3Dmedia%26token%3D75c56475-52bc-49e8-a71c-7f4678bdfd68&width=768&dpr=4&quality=100&sign=a45212f7&sv=2) Screenshot from Bitmex Trollbox when Arthur Hayes was telling to one of his moderators to Run the stops of the remaining 'plebs' (his customers) [](https://docs.neutral.trade/main-products/quant-strategies/bet/traders-rekt-vault#what-can-you-win) What Can You Win? ---------------------------------------------------------------------------------------------------------------------------- Traders REKT vault is reflecting the aggregated inverse positions of all traders on Jupiter perps. After a deposit you automatically take the opposite side of the trade from all of the traders. While the underlying assets of JLP are fully hedged, overall APY fluctuates with how retarded the traders are. Plus, you’ll earn yields from trading fees, liquidation fees, and borrowing fees collected from traders — estimated at an impressive 30% APY. Below is the latest graph of the Traders Realized PNL, credit to [flyingfish](https://flipsidecrypto.xyz/flyingfish/q/wQomCMyxh3mu/traders-daily-pnl/visualizations/v2/2bc87b14-620c-4408-9e94-e8743ff94e5e) . If you think traders would lose eventually, now is the time to deposit USDC into our JLP Traders Rekt Vault. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FYYSfISjXC65TVM3VAZL3%252Fimage.png%3Falt%3Dmedia%26token%3D20dc1c56-0cad-457a-a944-ba315e2527fa&width=768&dpr=4&quality=100&sign=6805411c&sv=2) > [https://flipsidecrypto.xyz/flyingfish/q/wQomCMyxh3mu/traders-daily-pnl/visualizations/v2/2bc87b14-620c-4408-9e94-e8743ff94e5e](https://flipsidecrypto.xyz/flyingfish/q/wQomCMyxh3mu/traders-daily-pnl/visualizations/v2/2bc87b14-620c-4408-9e94-e8743ff94e5e) [](https://docs.neutral.trade/main-products/quant-strategies/bet/traders-rekt-vault#what-are-the-risks) What are the risks? -------------------------------------------------------------------------------------------------------------------------------- This is a high-stakes betting vault — your gains ride on trader performance. Depending on how traders perform, you could see significant profits or lose. It’s all about timing and strategy: assess the market, weigh the risks, and place your bet for a chance at high rewards. [](https://docs.neutral.trade/main-products/quant-strategies/bet/traders-rekt-vault#check-trades-here-drift) Check Trades Here (Drift) ------------------------------------------------------------------------------------------------------------------------------------------- [https://app.drift.trade/?authority=2r81MPMDjGSrbmGRwzDg6aqhe3t3vbKcrYfpes5bXckS](https://app.drift.trade/?authority=2r81MPMDjGSrbmGRwzDg6aqhe3t3vbKcrYfpes5bXckS) [](https://docs.neutral.trade/main-products/quant-strategies/bet/traders-rekt-vault#deposit-links) Deposit Links: ---------------------------------------------------------------------------------------------------------------------- Neutral Trade Website (Main): [https://www.app.neutral.trade/strategies/rekt](https://www.app.neutral.trade/strategies/rekt) Drift Website (Backup): [https://app.drift.trade/vaults/strategy-vaults/2r81MPMDjGSrbmGRwzDg6aqhe3t3vbKcrYfpes5bXckS](https://app.drift.trade/vaults/strategy-vaults/2r81MPMDjGSrbmGRwzDg6aqhe3t3vbKcrYfpes5bXckS) * * * Traders REKT launch date - 31st Oct. [PreviousHYPE/SOL](https://docs.neutral.trade/main-products/quant-strategies/bet/hype-sol) [NextSOL / ETH Flip](https://docs.neutral.trade/main-products/quant-strategies/bet/sol-eth-flip) Last updated 4 months ago --- # SOL Super Staking | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/sol-super-staking#explanation-of-the-sol-super-drift-staking) Explanation of the SOL Super Drift Staking -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The **SOL Super Drift Staking** stands as a foundational cornerstone for enhancing economic security on Solana and liquidity on Jupiter Perp DEX. We acquire JLP and hedge the BTC and ETH exposure, while recreating the full 100% SOL exposure through dSOL and SOL perps. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/sol-super-staking#where-does-the-yield-come-from) Where does the yield come from? --------------------------------------------------------------------------------------------------------------------------------------------------------------------- Let’s explore the key sources of yield for the staking vault: 1. JLP fees — 28.04% APY as of 10/15/2024 (75% of trading fees, borrowing fees, mint / burn fees, liquidation fees from traders trading on [Jupiter Perp DEX](https://jup.ag/perps) ) 2. dSOL staking, earning Solana’s inflation rewards, priority fees, and MEV opportunities  — 8.63% APY as of 10/15/2024 3. Funding fees from Perpetual Shorts on ETH and BTC (Longs usually pay shorts perps funding) —  ~18% APY and ~24% APY respectively on ETH and BTC This strategy allows you to maintain 100% pure Solana exposure while earning an impressive **30% APY Real Yield on your SOL.** It’s a powerful solution for maximizing yield while staying aligned with Solana’s ecosystem, supporting the economic security of Solana while providing liquidity to Jupiter and Drift. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F2JlSzCU0229KWLnWuQR0%252Fimage_2024-10-21_18-37-05.png%3Falt%3Dmedia%26token%3D5979a8c1-9a03-4c44-8b97-8a7d9e50d451&width=768&dpr=4&quality=100&sign=6fef9271&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/sol-super-staking#what-is-dsol) What is dSOL? --------------------------------------------------------------------------------------------------------------------------------- dSOL (Drift SOL) is a liquid staked Solana (LST) on Drift DEX. As a staker, you earn yield from multiple sources: Solana’s inflation rewards, priority fees, and MEV opportunities. If you’re familiar with JitoSOL, think of dSOL as its direct counterpart, but designed specifically by Drift DEX. > More info about what is LST: [https://www.bitcoin.com/get-started/what-is-a-liquid-staking-token/](https://www.bitcoin.com/get-started/what-is-a-liquid-staking-token/) ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fcdn-images-1.medium.com%2Fmax%2F800%2F1*CRfGV6tipWvjrXTN7rEN-w.jpeg&width=768&dpr=4&quality=100&sign=305c7bf2&sv=2) At the time of writing, the APY for dSOL sits at a competitive 8.63%. > [https://app.drift.trade/earn/dsol-liquid-staking](https://app.drift.trade/earn/dsol-liquid-staking) [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/sol-super-staking#what-is-pyusd) What is pyUSD? ----------------------------------------------------------------------------------------------------------------------------------- PYUSD is a stablecoin developed by PayPal, offering complete safety and transparency. We prioritize its use in our strategies because its borrowing fee is approximately half that of USDC. This translates to greater savings for the staking vault depositors, ultimately boosting overall yield. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/sol-super-staking#traditional-sol-staking-options) Traditional SOL staking options ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- * JitoSOL yield loop on Kamino (Depeg risks) — 13.19% APY * Pure staking on JitoSOL, JupSOL, dSOL — ~8% APY * SOL lending — ~4% APY The Sol Super Drift Staking sets itself apart from the competition, offering a unique approach to maximizing returns. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/sol-super-staking#what-are-the-risks-compared-to-the-original-jlpdn-vault) What are the risks compared to the original JLPDN vault? ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- In addition to the risks outlined in [this](https://neutraltrade.medium.com/risks-of-the-jlp-delta-neutral-strategy-294d0899ece4) article, we want to emphasize that depositors are fully exposed to SOL’s market performance. This means you have the potential to capture both upside gains and downside losses depending on SOL’s price movements. [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/sol-super-staking#check-trades-here-drift) Check Trades Here (Drift) -------------------------------------------------------------------------------------------------------------------------------------------------------- [https://app.drift.trade/?authority=EuSLjg23BrtwYAk1t4TFe5ArYSXCVXLBqrHRBfWQiTeJ](https://app.drift.trade/?authority=EuSLjg23BrtwYAk1t4TFe5ArYSXCVXLBqrHRBfWQiTeJ) [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/sol-super-staking#deposit-links) Deposit Links: ----------------------------------------------------------------------------------------------------------------------------------- Neutral Trade Website (Main): [https://www.app.neutral.trade/strategies/solnl](https://www.app.neutral.trade/strategies/solnl) Drift Website (Backup): [https://app.drift.trade/vaults/strategy-vaults/EuSLjg23BrtwYAk1t4TFe5ArYSXCVXLBqrHRBfWQiTeJ](https://app.drift.trade/vaults/strategy-vaults/EuSLjg23BrtwYAk1t4TFe5ArYSXCVXLBqrHRBfWQiTeJ) * * * [](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/sol-super-staking#risks) Risks ------------------------------------------------------------------------------------------------------------------ [![Logo](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2Fmiro.medium.com%2Fv2%2Fresize%3Afill%3A304%3A304%2F10fd5c419ac61637245384e7099e131627900034828f4f386bdaa47a74eae156&width=20&dpr=4&quality=100&sign=92285e27&sv=2)Risks of the JLP Delta Neutral StrategyMedium](https://neutraltrade.medium.com/risks-of-the-jlp-delta-neutral-strategy-294d0899ece4) * * * Sol Super Staking launch date - 21 Oct. [PreviousYield Enhancement](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement) [NextETH Super Staking](https://docs.neutral.trade/main-products/quant-strategies/yield-enhancement/eth-super-staking) Last updated 4 months ago --- # TermMax (Closed) | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FJqqfUQx4wHEeGkCxcRiI%252F1_H4yDl1Q7ufZxTMwypeZDvg.webp%3Falt%3Dmedia%26token%3D0294936f-06a8-4dfa-89c4-7f4b4bc206e5&width=768&dpr=4&quality=100&sign=589bfb20&sv=2) With the **TermMax Private Credit Vault**, you can earn **~18%–27% APY on USDC** while gaining exposure to the upside of a promising DeFi protocol — all through Neutral Trade’s first private credit product. ### [](https://docs.neutral.trade/main-products/private-credit/termmax-closed#why-this-deal-matters-for-stablecoin-holders) Why This Deal Matters for Stablecoin Holders Still parking USDC in a lending protocol earning 3–4%? Or worse, letting it sit idle in your wallet? This vault offers a smarter way to earn: * **~18% APY** on your USDC over ~4 months * **Bonus upside** through $TMX token exposure * **TGE unlocks before VCs** — you get in earlier * **Short-term lock** — funds are deployed and returned by **mid-October 2025** Think of it as VC-style exposure with **lower downside** and **passive returns** — a rare combination in DeFi. ### [](https://docs.neutral.trade/main-products/private-credit/termmax-closed#about-termmax-finance) About TermMax Finance TermMax is a fixed-rate, fixed-maturity **lending AMM protocol** designed for professional traders and market makers in DeFi. #### [](https://docs.neutral.trade/main-products/private-credit/termmax-closed#key-features) Key Features * **Custom Rate Curves**: Makers post dynamic lending rates (forward curve style), improving capital efficiency. * **ERC-4626 Vaults & One-Click Leverage**: Power users can scale positions instantly, while passive users benefit from strategy-managed vaults. #### [](https://docs.neutral.trade/main-products/private-credit/termmax-closed#backed-by-tier-one-investors) Backed by Tier-One Investors TermMax is built by the team behind [TermStructureFi](https://twitter.com/TermStructureFi) , which recently raised **$4.45M** from top funds including: * @Cumberland * @HashKey\_Capital * And other leading DeFi investors ### [](https://docs.neutral.trade/main-products/private-credit/termmax-closed#deal-structure-where-the-yield-comes-from) Deal Structure: Where the Yield Comes From Here’s how the ~18% APY is constructed: Component Yield (%) Details Base Yield ~4% From USDC vault on TermMax (variable, daily accrual) TMX Airdrops ~6% Daily incentives, unlocked at TGE, no vesting Yield Backstop ~8% TermMax tops up any shortfall to reach 18% total APY (in TMX) #### [](https://docs.neutral.trade/main-products/private-credit/termmax-closed#extra-rewards-for-larger-depositors) Extra Rewards for Larger Depositors * Additional **6–9% APY** in bonus $TMX for larger allocations * No cliff, linear vest over 6 months * Rewards claimed and managed on your behalf * TGE expected **Q3–Q4 2025** ### [](https://docs.neutral.trade/main-products/private-credit/termmax-closed#campaign-timeline-step-by-step) Campaign Timeline (Step-by-Step) 1. **Now → Day 7**: Deposit window open 2. **Day 8**: Vault goes live, funds bridged to Ethereum 3. **Month 4**: Capital unlock + unwind phase begins 4. **Post-TGE**: $TMX token rewards distributed in USDC equivalent (pro-rata) ### [](https://docs.neutral.trade/main-products/private-credit/termmax-closed#timeline-summary) Timeline Summary Phase Timeline Deposit Window Now → Day 7 Vault Activation Day 8 Maturity & Withdrawal Month 4 (October 2025) TMX Distribution After TGE (Q3–Q4 2025 expected) ### [](https://docs.neutral.trade/main-products/private-credit/termmax-closed#risks-to-know) Risks to Know * **Smart Contract Risk**: TermMax contracts audited by **Spearbit x Cantina** * **Yield Variability**: Base APY + token rewards may fluctuate with market conditions * **TGE Timing**: Target is Q3–Q4 2025, subject to market shifts * **Withdrawal Timing**: Capital is actively deployed; unwinding may require time and coordination ### [](https://docs.neutral.trade/main-products/private-credit/termmax-closed#tmx-token-valuation-estimate) TMX Token Valuation (Estimate) * Target FDV: **$60M** * Estimated Token Price: **$0.06** * Vault participants get exposure before VCs unlock ### [](https://docs.neutral.trade/main-products/private-credit/termmax-closed#performance-fee) Performance Fee We charge a **20% performance fee**, but only on profits. * **No upfront fees** * **Principal never touched** * **Fee is calculated on net gain** * **Deducted automatically at withdrawal** If you don’t earn, we don’t earn. Incentives are fully aligned. ### [](https://docs.neutral.trade/main-products/private-credit/termmax-closed#summary) Summary Feature Details APY 18%–27% (USDC + TMX exposure) Lockup ~4 months Token Exposure $TMX airdrops + bonus pool TGE Expected Q3–Q4 2025 Risks Smart contracts, token price, withdrawal coordination Performance Fee 20% on profit only [PreviousPrivate Credit](https://docs.neutral.trade/main-products/private-credit) [NextNeutral Strategy Vaults](https://docs.neutral.trade/infrastructure/neutral-strategy-vaults) Last updated 3 months ago --- # [Hyperliquid] BTC Dominance | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) Neutral Trade is now live on Hyperliquid — starting with our [Funding Arb](https://docs.neutral.trade/main-products/quant-strategies/market-neutral/hyperliquid-funding-arb-usdc) strategy and expanding with two brand-new Dominance Vaults, built directly on Hyperliquid’s native vault infrastructure. Save more on Hyperliquid! Use our Referral Code: [https://app.hyperliquid.xyz/join/NEUTRALTRADE](https://app.hyperliquid.xyz/join/NEUTRALTRADE) ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F1uMlvgoYTXQlrJsBYB6h%252FDrafts%2520for%2520posting%2520%28dont%2520delete%29%2520%2838%29.png%3Falt%3Dmedia%26token%3D295239f6-19cf-4f5b-8502-1a92d56292d4&width=768&dpr=4&quality=100&sign=c46be8e1&sv=2) [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#what-is-dominance) 🤔 What is Dominance? --------------------------------------------------------------------------------------------------------------------------- Dominance shows how much of the total crypto market is allocated to a specific asset — **BTC** or **Altcoins.** ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#formulas) ➗Formulas: DominanceBTC\=Market CapBTC∑i\=1NMarket Capi\\text{Dominance}\_{BTC} = \\frac{\\text{Market Cap}\_{BTC}}{\\sum\_{i=1}^{N} \\text{Market Cap}\_i}DominanceBTC​\=∑i\=1N​Market Capi​Market CapBTC​​ This ratio reflects capital flows: * **BTC Dominance ↑** → Capital is rotating into Bitcoin (risk-off) * **BTC Dominance ↓** → Capital is rotating into altcoins (risk-on) **ALT Dominance** is simply the inverse: DominanceALT\=1−DominanceBTC\\text{Dominance}\_{ALT} = 1 - \\text{Dominance}\_{BTC}DominanceALT​\=1−DominanceBTC​ * * * [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#id-1.-btc-dominance-vault) 1\. BTC Dominance Vault ------------------------------------------------------------------------------------------------------------------------------------- ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252Fy7bZ4W4oKKVJks0yD1Uo%252Fchrome_wwWD0Lp5tD.png%3Falt%3Dmedia%26token%3Da7d573b8-479b-418e-a645-0bb09caffd52&width=768&dpr=4&quality=100&sign=b43189eb&sv=2) This vault captures **Bitcoin strength relative to altcoins**. It goes: * **Long BTC** * **Short a diversified altcoin basket on Hyperliquid** You profit when Bitcoin **outperforms** alts — even in flat or declining markets (You are market-neutral) ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#id-1.1-mechanics-and-features) 1.1 Mechanics and features * **1x notional exposure** — fully collateralized, no leverage * **Daily rebalancing** using float-adjusted market caps * Automated algorithms (No manual rebalancing) ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#id-1.2-btc-dominance-vault-flow) 1.2 BTC Dominance Vault Flow ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#id-1.3-live-allocation-the-latest-snapshot) 1.3 Live Allocation (The latest snapshot) Asset Direction % of Vault AUM **BTC** Long 51% ETH Short 19.9% XRP Short 8.8% BNB Short 6.1% SOL Short 5.2% _Rest of top-20_ Short 8.0% ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#id-1.4-weights-visualization-the-latest-snapshot) 1.4 Weights Visualization (The latest snapshot) * * * [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#how-you-make-money) How You Make Money ------------------------------------------------------------------------------------------------------------------------- Crypto doesn’t just move up or down — it **ROTATES** Sometimes Bitcoin leads. Sometimes altcoins run. That back-and-forth creates one of the most reliable patterns in the market — and **Dominance Vaults** are built to capture it ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#heres-how-you-benefit) Here's how you benefit: #### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#id-1.-profit-from-capital-rotation) 1\. **Profit from Capital Rotation** Markets frequently rotate between **risk-on** (focused on altcoins) and **risk-off** (focused on Bitcoin) phases, representing two flip sides. You make money when one side **outperforms** the other, even if overall prices stay flat. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FSKA5phY5fZJR5sOBJ9PX%252Fimage%2520%2810%29.png%3Falt%3Dmedia%26token%3D3fa187cf-21b6-4a98-88c6-9a38a3f3f372&width=768&dpr=4&quality=100&sign=a96a2ec&sv=2) #### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#id-2.-risk-controlled-investment) 2\. Risk-controlled investment The vaults spread your position across a carefully selected basket of assets — including L1s, DeFi, memes, and majors — to reduce the impact of any single token blowing up or underperforming ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#tldr) TLDR: * **BTC Dominance Vault** → Long BTC / Short Alts → Works best during BTC rallies or corrections * **ALT Dominance Vault** → Long Alts / Short BTC → Works best during altcoin season * 100% market-neutral, daily-rebalanced and auto-optimized * Easy to use * * * [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#fees-and-withdrawals) Fees & Withdrawals --------------------------------------------------------------------------------------------------------------------------- 10% performance fee on profits our trading made for you. * * * [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#deposit-links) Deposit Links: ---------------------------------------------------------------------------------------------------------------- Neutral Trade website: [https://www.app.neutral.trade/strategies/](https://www.app.neutral.trade/strategies/hyperjlp) Hyperliquid directly: > BTC Dominance Vault: [https://app.hyperliquid.xyz/vaults/0x799e0112977c37f8d93a768cf5a2305bdd3ae6f9](https://app.hyperliquid.xyz/vaults/0x799e0112977c37f8d93a768cf5a2305bdd3ae6f9) [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#check-positions-here-hyperliquid) Check Positions Here (Hyperliquid) ------------------------------------------------------------------------------------------------------------------------------------------------------- BTC Dominance Vault: [https://app.hyperliquid.xyz/vaults/0x799e0112977c37f8d93a768cf5a2305bdd3ae6f9](https://app.hyperliquid.xyz/vaults/0x799e0112977c37f8d93a768cf5a2305bdd3ae6f9) * * * ### [](https://docs.neutral.trade/main-products/indexes/hyperliquid-btc-dominance#launch-date-25th-june-25) Launch date - 25th June 25' [PreviousMoon LP](https://docs.neutral.trade/main-products/indexes/moon-lp) [Next\[Hyperliquid\] ALT Dominance](https://docs.neutral.trade/main-products/indexes/hyperliquid-alt-dominance) Last updated 1 month ago --- # Fees + Redemption Period | Neutral Trade [](https://docs.neutral.trade/additional-info/transparency-hub/fees-+-redemption-period#market-neutral) Market Neutral ⚖️ ------------------------------------------------------------------------------------------------------------------------------ Vault Performance Fee, % Management Fee (Daily), % Withdrawal fee Redemption **USDC Staking** (**JLPDN)** 25 0 0 1 Day **Neutralized JLP** 0 0.0192 (7% per Y) 0 1 Hour **USDC Basis Vault (LST)** 25 0 0 1 Day **Hyperliquid Funding Arb** 25 0 0 3 Days + 3 Days Lock (After deposit) [](https://docs.neutral.trade/additional-info/transparency-hub/fees-+-redemption-period#yield-enhancement) Yield Enhancement 👨‍🌾 --------------------------------------------------------------------------------------------------------------------------------------- Vault Performance Fee, % Management Fee (Daily), % Withdrawal fee Redemption **SOL Super Staking Vault** 25 0 0 1 Day **ETH Super Staking Vault** 20 0.00274 (1% per Y) 0 1 Day **BTC Super Staking Vault** 20 0.00274 (1% per Y) 0 1 Day [](https://docs.neutral.trade/additional-info/transparency-hub/fees-+-redemption-period#directional) Directional 👨‍💻 --------------------------------------------------------------------------------------------------------------------------- Vault Performance Fee, % Management Fee (Daily), % Withdrawal fee Redemption **The Big Short \[Hyperliquid\]** 10 0 0 \- **CTA Momentum (R\* Research)** 25 0.00548 (2% per Y) 0.3% 7 Days + 14 Days Lock (After deposit) [](https://docs.neutral.trade/additional-info/transparency-hub/fees-+-redemption-period#bet) Bet 🎲 -------------------------------------------------------------------------------------------------------- Vault Performance Fee, % Management Fee (Daily), % Withdrawal fee Redemption **SOL/ETH Flip Vault** 10 0.00548 (2% per Y) 0 1 Day **Traders Rekt Vault** 20 0.00548 (2% per Y) 0 1 Hour **HYPE/SOL \[Hyperliquid\]** 10 0 0 \- [](https://docs.neutral.trade/additional-info/transparency-hub/fees-+-redemption-period#indexes) Indexes ⚡️ ---------------------------------------------------------------------------------------------------------------- Vault Performance Fee, % Management Fee (Daily), % Withdrawal fee Redemption **Hyper JLP** 15 0.00548 (2% per Y) 0 1 Day **BTC Dominance \[Hyperliquid\]** 10 0 0 \- **ALT Dominance \[Hyperliquid\]** 10 0 0 \- [](https://docs.neutral.trade/additional-info/transparency-hub/fees-+-redemption-period#private-credit) Private Credit 💸 ------------------------------------------------------------------------------------------------------------------------------ Vault Performance Fee, % Management Fee (Daily), % Withdrawal fee Redemption **TermMax PCD** 20 0 0 October 2025 **Management Fee** — _Time-based usage fee._ **Performance Fee** — _Profit-sharing cut._ Withdrawal requests can be submitted at any time. Funds will become available for withdrawal at the conclusion of the redemption period. Any upside profit accrued during the redemption period is forfeited. The annual management fee is time-based. For example, a 2% annual fee breaks down to about 0.00548% per day (2% / 365 days). The performance fees are only charged on profits we made. If we didn't make money for you, we don't earn. Deposited funds are subject to a redemption period to prevent arbitrage opportunities. Due to the nature of the strategy, manual adjustments may be required to facilitate withdrawals in an orderly manner. [PreviousTransparency Hub](https://docs.neutral.trade/additional-info/transparency-hub) [NextTrack Our Trades](https://docs.neutral.trade/additional-info/transparency-hub/track-our-trades) Last updated 2 months ago --- # SOL / ETH Flip | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/bet/sol-eth-flip#explanation-of-the-strategy) Explanation of the strategy ------------------------------------------------------------------------------------------------------------------------------------------- Pairs trading typically involves simultaneously buying one asset and selling another correlated asset to profit from their relative price movements, regardless of market direction. This pairs trading vault keeps you market neutral while hedging against market volatility. The only factor you’re exposed to is the price of SOL relative to ETH, instead of the market-wide volatility. The strategy aims to hold 50% in long Solana exposure (while collecting LST yield from dSOL (~10% APY)), and maintaining a equal dollar amount of ETH perps shorts (to collect positive funding yield while maintaining a ETH short exposure). The strategy rebalances daily or when there's a big mismatch between SOL long exposure and ETH short exposure. Built for true Solana believers, this vault is your bet on a future where Solana outshines Ethereum. If Solana outperforms ETH, you win. If opposite, you lose. With the latest developments and growing enthusiasm around Solana, the momentum seems undeniable. **Recent bullish catalysts for SOL:** * Upcoming SOL ETF * $TRUMP and $MELANIA launching memecoins on Solana * DEX volume reached 17.5bn in a day, handling the highest volume onchain trading day on any chain ever. * Real Economic Value (TX Fees + MEV Tips) at ATH, reaching 55m a day. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FPcbzFlWJPTgeiHU7eWEf%252Fchrome_QkDjcRBRMv.png%3Falt%3Dmedia%26token%3Df2e6357d-ce10-46e6-b326-b1570c6e7247&width=768&dpr=4&quality=100&sign=64cc8050&sv=2) More people are becoming bullish on Solana’s potential, while Ethereum’s dominance starts to feel less secure. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252F4iF0VqrXgTlwIBpB7j8u%252Fimage.png%3Falt%3Dmedia%26token%3D215b5484-8a86-4ef3-b178-29572a45554a&width=768&dpr=4&quality=100&sign=a85b24a5&sv=2) [https://x.com/ryanwatkins\_/status/1856351983268983145?s=46&t=6JwvRcZS51bj9Gcn25o7GA](https://x.com/ryanwatkins_/status/1856351983268983145?s=46&t=6JwvRcZS51bj9Gcn25o7GA) SOL has been outperforming ETH in terms of price action since the end of 2023. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FHWtKrzxgT0Al5CW2mUd1%252FSOLETH_2025-01-23_11-35-48.png%3Falt%3Dmedia%26token%3D86f40438-c894-482c-af48-4f45e9e0c874&width=768&dpr=4&quality=100&sign=f0eb13b6&sv=2) SOL/ETH weekly chart since 2022 Solana outperforming Ethereum on all meaningful metrics ([https://solana.blockworksresearch.com/](https://solana.blockworksresearch.com/) ) It's not a matter of IF, but WEN Delphi Digital is bullish on Solana There is a big upside on betting SOL would flip ETH eventually. It is approximately 30% of Ethereum's. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FNzURPj05qibG555ZLj6B%252Fimage.png%3Falt%3Dmedia%26token%3D33307c1e-fede-4f63-832c-b3bd85a31bfb&width=768&dpr=4&quality=100&sign=7435d989&sv=2) [https://marketcapof.com/solana/ethereum/](https://marketcapof.com/solana/ethereum/) While ETH Foundation is dumping on their holders. The running joke being EF "use Ethereum a lot" to dump ETH for stables to pay their employees. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FH9Q2iv5CE8vPpGHpM5y6%252Fimage.png%3Falt%3Dmedia%26token%3Dc17a27e4-c653-4fbf-a5cd-d0b989f3ce3e&width=768&dpr=4&quality=100&sign=211cd59d&sv=2) **Deposit at Neutral Trade to support SOL on flipping ETH eventually, while being resistant to general market volatility.** **Fees:** * 10% performance fee * 2% annual management fee **Withdrawal Lockup:** * 1 days [](https://docs.neutral.trade/main-products/quant-strategies/bet/sol-eth-flip#check-trades-here-drift) Check Trades Here (Drift) ------------------------------------------------------------------------------------------------------------------------------------- [https://app.drift.trade/?authority=2zsHAfvD2BpmZbuPhc32dija8cXu8ow6n2yzyZTMvQ8V](https://app.drift.trade/?authority=2zsHAfvD2BpmZbuPhc32dija8cXu8ow6n2yzyZTMvQ8V) [](https://docs.neutral.trade/main-products/quant-strategies/bet/sol-eth-flip#deposit-links) Deposit Links: ---------------------------------------------------------------------------------------------------------------- Neutral Trade Website (Main): [https://www.app.neutral.trade/strategies/solethflip](https://www.app.neutral.trade/strategies/solethflip) Drift Website (Backup): [https://app.drift.trade/vaults/strategy-vaults/2zsHAfvD2BpmZbuPhc32dija8cXu8ow6n2yzyZTMvQ8V](https://app.drift.trade/vaults/strategy-vaults/2zsHAfvD2BpmZbuPhc32dija8cXu8ow6n2yzyZTMvQ8V) [PreviousTraders Rekt Vault](https://docs.neutral.trade/main-products/quant-strategies/bet/traders-rekt-vault) [Next\[Hyperliquid\] The Big Short](https://docs.neutral.trade/main-products/quant-strategies/bet/hyperliquid-the-big-short) Last updated 3 months ago --- # [Hyperliquid] The Big Short | Neutral Trade ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FRslr3l7vMDxqJ9grYi0A%252F123.png%3Falt%3Dmedia%26token%3Da737723e-e5a2-42c2-bda4-b482189623dc&width=768&dpr=4&quality=100&sign=f5c614e9&sv=2) Everyone talks about unlocks. Few trade them right. We built a strategy to short over-valued tokens getting REKT by unlock pressure. And yeah — it’s our first official vault on Hyperliquid. Use the Neutral Trade referral link when signing up on Hyperliquid to get LOWER TRADING FEES and unlock FUTURE PERKS: [https://app.hyperliquid.xyz/join/NEUTRALTRADE](https://app.hyperliquid.xyz/join/NEUTRALTRADE) * * * ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252Fn5Yr83wD6YA0HNuOsEF1%252FThe%2520BIGGGG%2520short.png%3Falt%3Dmedia%26token%3D5e9fc70f-061e-42cb-98bd-43e565683555&width=768&dpr=4&quality=100&sign=99548d93&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/bet/hyperliquid-the-big-short#breakdown) Breakdown -------------------------------------------------------------------------------------------------------------------- ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hyperliquid-the-big-short#daily-unlock-tracker) Daily Unlock Tracker * Every day, **millions in tokens are unlocked**. * In an illiquid market, that’s forced selling. * We track these unlocks and identify when **$500 K+ USD** of tokens are hitting the market. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FiAUwDKcdTNGq5hB8TfLm%252Fchrome_be3AdVWyol.png%3Falt%3Dmedia%26token%3D214a6af7-01c6-4305-aba4-4fe9ad2222f8&width=768&dpr=4&quality=100&sign=a6f64d5f&sv=2) ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hyperliquid-the-big-short#inflaction-coefficient-ic) Inflaction Coefficient (IC) IC\=UnlockAmount/MarketCapIC = Unlock Amount / Market CapIC\=UnlockAmount/MarketCap * Tells us which token will most likely get rekt. * **Higher IC → higher pressure → better short candidate.** ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hyperliquid-the-big-short#weight-assignment) Weight Assignment * Each token’s short weight is **based on its IC**. * **Higher inflation → higher short weight.** * The portfolio **constantly adjusts** as fresh data arrives. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252Ft9zxEj5InTdWl5Gto00K%252Fchrome_RQSsDC2CtY.png%3Falt%3Dmedia%26token%3Dc60de82b-e185-4b80-ac53-b131865c586b&width=768&dpr=4&quality=100&sign=8a2ccaa8&sv=2) ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hyperliquid-the-big-short#rebalancing-logic) Rebalancing Logic Every hour the algo checks: * Current positions * Target weights * **If any gap > $20 → rebalance** Goal: automated “buy low, sell high.” When new capital enters (user deposits), we check daily: * **If deposit > $5 K** * Add proportionally to short positions, respecting current weights. ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hyperliquid-the-big-short#key-highlights) Key Highlights: 1. Fully systematic / automated 2. Based on real tokenomics data 3. Low-latency rebalancing 4. Built-in inflation arb 5. Easy to scale with capital ### [](https://docs.neutral.trade/main-products/quant-strategies/bet/hyperliquid-the-big-short#why-hyperliquid-vaults) Why Hyperliquid Vaults? * Native way to run automated on-chain strategies **without managing bots or infra**. * **Trust-minimized**, gasless for users. * Executes on Hyperliquid’s order book for fast, efficient execution at scale. ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FjwgrGyVVIfsVPKgtGfFT%252Fchrome_dBr8Rv4bMX.png%3Falt%3Dmedia%26token%3D57ea40ac-9b19-4d7f-8c46-08a4fe7e87e8&width=768&dpr=4&quality=100&sign=94560c39&sv=2) [](https://docs.neutral.trade/main-products/quant-strategies/bet/hyperliquid-the-big-short#deposit-here) Deposit Here: --------------------------------------------------------------------------------------------------------------------------- > #### > > [](https://docs.neutral.trade/main-products/quant-strategies/bet/hyperliquid-the-big-short#https-app.hyperliquid.xyz-vaults-0xb2246d6f3ddeeca74cfd29dc3cce05c1746fcd68) > > [https://app.hyperliquid.xyz/vaults/0xb2246d6f3ddeeca74cfd29dc3cce05c1746fcd68](https://app.hyperliquid.xyz/vaults/0xb2246d6f3ddeeca74cfd29dc3cce05c1746fcd68) * * * Launch date - 9th June 25' [PreviousSOL / ETH Flip](https://docs.neutral.trade/main-products/quant-strategies/bet/sol-eth-flip) [NextDeprecated](https://docs.neutral.trade/main-products/quant-strategies/deprecated) Last updated 2 months ago --- # Neutral Strategy Vaults | Neutral Trade ### [](https://docs.neutral.trade/infrastructure/neutral-strategy-vaults#id-1.-key-features) 1\. Key Features **Hands-Free Execution. Fully Automated Infrastructure** * From bridging and deploying capital to managing live positions and executing exits - every step is fully automated and optimized * Leverages institutional-grade signals and real-time monitoring systems to continuously seek optimal yield and exposure * Minimizes human intervention and allows strategies to run 24/7, unlocking scalable, capital-efficient execution **From Solana to Everywhere. Strategies Without Limits** * Solana acts as users’ single deposit touchpoint - no bridging, no juggling wallets. * Access highly curated, diverse CeDeFi strategies spanning every major chain and trading venue * Flexibility to deploy capital where conditions are optimal, tapping into the deepest liquidity for better pricing, lower slippage, and higher yield. **Institutional-Grade Security. On-Chain Transparency** * Assets are safeguarded through trusted institutional-grade off-exchange settlement providers, including Copper and CEFFU. * Transactions, strategy actions, and capital movements are recorded on-chain, ensuring transparency and verifiability. ### [](https://docs.neutral.trade/infrastructure/neutral-strategy-vaults#id-2.-system-design) 2\. System Design ![](https://docs.neutral.trade/~gitbook/image?url=https%3A%2F%2F1924233991-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F6YjCIQB3ardoMeqGMIF8%252Fuploads%252FU6gtLudXXVgRmEnfMNKb%252Fimage%2520%286%29.png%3Falt%3Dmedia%26token%3Dcbbd8ad4-0a04-40d2-acbb-9646b162a597&width=768&dpr=4&quality=100&sign=8e415283&sv=2) Neutral Vault Infrastructure #### [](https://docs.neutral.trade/infrastructure/neutral-strategy-vaults#id-2.1-core-roles-in-the-system) 2.1 Core Roles In The System * **User:** Users deposit into or withdraw from the Neutral Vault. Their data and performance metrics (e.g., high-water mark, shares owned) are recorded and updated on-chain * **Neutral Vault (NV):** Acts as the central pool, facilitating the flow of capital between users and strategy executors. The Neutral Vault maintains all core operational data, including total shares, pending deposits/withdrawals, deposit cap, and Net Asset Value (NAV) * **NV Master:** Holds protocol-level authority to whitelist and manage NV managers. * **NV Manager:** Can create and configure NVs, update strategy parameters (e.g., fee structures), manage keepers and executors, and withdraw accrued management and performance fees. * **NV Keeper:** Handles routine operations such as batching deposit and withdrawal requests, deploying capital to executors, calculating fees, and updating NAV records. * **Strategy executors:** Receive funds from the NV and deploy them into trading venues based on real-time trade signals. * **Automated monitoring system:** Automated Monitoring System: Encodes strategy logic, monitors live trading conditions, generates trade signals, and manages operational flows, including sending instructions to unwind positions, bridging and moving funds between NVs and executors. * **Protocols and exchanges:** Execution venues where strategies are implemented. CeFi venues are accessed via secure off-exchange settlement providers like Copper and CEFFU. #### [](https://docs.neutral.trade/infrastructure/neutral-strategy-vaults#id-2.2-operation-cycle) 2.2 Operation Cycle 1. Users initiate deposit or withdrawal requests through the platform interface. 2. NV Keeper temporarily pauses new requests periodically, preparing for batch processing of deposit and withdrawal requests. 3. NV Keeper processes pending deposit and withdrawal requests in batches using the latest Net Asset Value (NAV). Withdrawals are prepared by unwinding positions as needed. 4. Processed deposits are allocated to strategy executors, who then deploy funds across protocols and trading venues based on the NV’s allocation ratio to executors 5. Once processing is complete, the NV Keeper unpauses and reopens the NV for new deposit and withdrawal requests. #### [](https://docs.neutral.trade/infrastructure/neutral-strategy-vaults#id-2.3-fee-types) 2.3 Fee Types * **Service fees:** Charged based on the elapsed time and the NV’s set service fee rate. These fees are deducted in the form of shares, reducing the user’s share balance. NV managers can withdraw the accumulated service fee shares at any time. * **Commission:** Charged when the current share price exceeds the user's high-water mark (HWM). The fee is calculated on the profit above the HWM using the predefined performance fee rate. The user’s HWM is then updated to the new share price. Suppose a new deposit is made when the current share price is below the existing HWM. In that case, the HWM is recalculated as a weighted average between the previous HWM (applied to existing shares) and the new deposit’s entry price. Like service fees, commissions are charged in shares and reduce the user’s balance. NV managers may withdraw the accrued commission shares at any time. * **Deposit fees:** Deducted from the deposited amount before NV shares are issued, resulting in a lower net deposit credited to the user. * **Withdrawal fees:** Applied to the amount redeemed. The net funds returned to the user are reduced by the applicable withdrawal fee. ### [](https://docs.neutral.trade/infrastructure/neutral-strategy-vaults#id-3.-deposit-and-withdrawal) 3\. Deposit And Withdrawal #### [](https://docs.neutral.trade/infrastructure/neutral-strategy-vaults#id-3.1-deposit-and-withdrawal-process) 3.1 Deposit And Withdrawal Process **1\. Connect wallet** * Connect using your preferred Solana-compatible wallet * We support most major wallets via ReOwn. **2\. Submit deposit request** * Users can request to deposit into a NV * All requests are typically processed within 24 hours * Deposits must meet the minimum required amount * Requests may be rejected if the NV’s TVL cap has been reached * Once a deposit request is submitted, users cannot submit another deposit or withdrawal request until the current request is processed. Deposit requests cannot be cancelled after submission **3\. Deposit processing and share issuance** * Deposits (net of any applicable deposit fees) are processed in batches. * Funds are deployed into the strategy once processing is complete * Users receive NV shares that represent their proportional ownership of the NV’s assets **4\. Post-deposit** * Share price changes based on the performance of the underlying strategy * A lockup period may apply before withdrawals can be requested * Service fees and commissions (if applicable) are periodically charged. **5\. Submit withdrawal request** * Users can request to withdraw their share of the NV’s assets * Requests may be subject to a cooldown period, which can vary depending on the strategy * During this cooldown period, the NV manager prepares the necessary assets by unwinding positions as needed * Once a withdrawal request is submitted, users cannot submit another deposit or withdrawal request until the current request is processed. Withdrawal requests cannot be cancelled after submission **6\. Withdrawal processing and share redemption** * After the cooldown period, users automatically receive their share of the NV assets (net of any applicable withdrawal fees, service fees, and commissions) * NV shares are burned once withdrawal process is complete, reflecting the reduction in total ownership * Withdrawals are typically processed automatically and sent to your wallet within 24 hours after the cooldown period has ended [PreviousTermMax (Closed)](https://docs.neutral.trade/main-products/private-credit/termmax-closed) [NextNeutral Trade Points](https://docs.neutral.trade/additional-info/neutral-trade-points) Last updated 12 hours ago --- # Risk Warnings and Disclaimers Statement | Neutral Trade Neutral Trade is powered by blockchain and smart contract technology operated in a decentralized environment and is not regulated by any authority. Please note that this Statement explains some principal risks but is not an exhaustive list of all possible risks. Before depositing into a vault, or otherwise entering into a transaction, you should therefore be satisfied that you fully understand the precise nature of the transaction, how it works, the extent of your exposure to risks and the potential losses that you could incur. You should also read the relevant product specific terms, including but not limited to the Terms of Use. This Statement also does not deal with issues of taxation or other legal consequences pertaining to any transactions which you may enter into. **General Risk** Subscribing for any Digital Asset related products or services involves a high degree of risk. The value of Digital Assets may not be backed or supported by any government. As such, Digital Assets may suffer significant volatility in value. If you wish to trade Digital Asset related products, you should carefully read and understand the nature, terms and risk of the relevant Products and carefully consider the risk exposure. You must have the financial ability, sophistication, experience, tolerance, and willingness to bear the risks of any Digital Asset related products or services, and a potential total loss of the underlying assets. Digital Asset products and services are not suitable for you. Before acquiring a Digital Asset product or service, please carefully review your financial situation, experience and objectives for engaging in the transaction, ability to bear risks and other relevant circumstances to determine whether such products or services is suitable for you. You should consult professional advisors (including legal, tax, financial and accounting) as may be appropriate. By entering into any Transaction, you agree that you assume all the risk of your Transactions and that we will not be responsible for any losses you may suffer. **Token Issuer Default Risks** Unless expressly stated otherwise, Neutral Trade does not issue Digital Assets. Digital Assets are issued by third parties. You should read the applicable terms, information and risk disclosures provided by the applicable issuers carefully before entering into any Transaction. You should note that the offering document or product information provided by the issuer have not been subject to scrutiny by any regulatory body. For any Digital Assets authorised by a regulator, you should note that authorisation does not imply any official recommendation or endorsement of the asset by such regulator, nor does it guarantee the commercial merits of such asset or its performance. In the event that a Digital Asset issuer becomes insolvent and defaults on their issued products, you will be considered as unsecured creditors and will have no preferential claims to any assets held by the issuer. You should therefore pay close attention to the financial strength and credit worthiness of the Digital Asset issuers and conduct their own assessment on the potential of their project. Since Digital Assets are not legal tender and Digital Asset products are not backed by assets or any government and authorities, in the event of issuer bankruptcy or ceasing of operations, their Digital Assets issued may no longer have any value and you can lose their entire investment. We make no representations or warranties about whether any Digital Asset underlying a vault on Neutral Trade will always continue to be traded. You should seek independent professional advice before making any investment decision. **Vault Diligence** We do not provide any guarantees or endorsements regarding any Vaults. The information provided on our website and/or our platform is for general information and education purposes only and we make no representations or warranties with respect to the accuracy or completeness of such information and it is not a recommendation to deposit into any Vault. You should not consider such information as investment advice. It is your responsibility to assess the quality, legitimacy and value of any Vault. We advise you to exercise caution and perform your own independent research and due diligence before engaging in any trading activities. **Liquidity and Conversion Risks** Where digital asset transactions are denominated in particular Digital Assets or fiat currencies (if and where applicable) other your primary reference asset, or where you convert Digital Assets upon carrying out a Transaction, there is a risk of the exchange markets moving against the investor, resulting in maturity or any earlier dealing the net proceeds may be significantly less than the initial amount in your primary reference asset, and any income or gains may be entirely negated. The value of a Digital Asset may be derived, among other things, from the continued willingness of market participants to exchange fiat currency (if and where applicable) for that Digital Asset, this means that the value of a particular Digital Asset may decline, or be completely and permanently lost should the market for that Digital Asset disappear. You should further note that there is no assurance that a market that existed for a particular Digital Asset will continue to exist in the future, or that a person who accepts a Digital Asset as payment today will continue to do so in the future. Liquidity risk is the risk of losses attributable to a lack of liquidity (for example very few active market participants) in a particular market. This is usually indicated by wide bid / offer spreads and very few transactions being carried out in a particular product or market. The risk is that changes in the underlying market price may be infrequent but very large, and that it is not possible to unwind or transfer a particular transaction in a timely manner, at near the price the investor had expected, or at all. Such liquidity risk in an asset may be caused by the absence of buyers, limited buy/sell activity or lack of or underdeveloped secondary markets for certain Digital Assets. You should note that there is no assurance that a person who accepts a Digital Asset as payment, will continue to do so in the future. You may also suffer loss as a result of depreciation of the value of the fiat currency (if and where applicable) paid as a result of foreign exchange controls imposed by the country issuing the foreign currency. Repayment or payment of amounts due to the investor may be delayed or prevented by exchange controls or other actions imposed by governmental or regulatory bodies over currencies which they control or regulate. Market risk Digital Asset trading venues are relatively new and, in most cases, largely unregulated. They are typically not subject to the same robust regulation as platforms in traditional financial markets, and are not typically required to protect customers to the same extent that regulated securities exchanges or futures exchanges are required. Digital asset platforms may therefore be more exposed to theft, fraud, failure, security breaches, market manipulation and insider dealing, compared to established, regulated exchanges for securities, derivatives and other currencies. In particular, some digital asset venues have collapsed or closed due to the above issues. As a result, the prices of Digital Assets may be subject to larger and/or more frequent sudden decline than assets traded on more traditional exchanges. **Market liquidity Risks** Due to market conditions or other circumstances, you may not be able to withdraw your holding in a Vault as quickly as you would like. If trading is suspended, the subscription and redemption of a Digital Asset may also be suspended. It may also be difficult or impossible to liquidate a position in Digital Assets under certain circumstances. Certain Airdrops, Forks or Network Events may occur rapidly and affect our ability to conduct a Transaction. Information relating to such events may be difficult to ascertain ahead of time and may be subject to limited oversight by any third party who is capable of intervening to stabilise the network. Neutral Trade is not liable for any loss that you may suffer to the extent that you cannot dispose of your holding due to issues arising from the market liquidity. **Volatility Risks** The volatility and unpredictability of the price of Digital Assets relative to other digital Assets or fiat currencies (if and where applicable) may result in significant losses over a short period of time. Such fluctuations could affect the price of any Digital Assets. Digital Assets may decrease in value or lose all of its value due to various factors including discovery of wrongful conduct, market manipulation on trading, lending or other dealing platforms, change to the nature or properties of the Digital Asset, governmental or regulatory activity, legislative changes, suspension or cessation of support for a Digital Assets or other exchanges or service providers, public opinions, or other factors outside of our control. Technical advancements, as well as broader economic and political factors, may cause the value of Digital Assets to change significantly over a short period of time. Digital Assets are highly risky and you should exercise caution when trading any Digital Assets. **Not a Bank Deposit under Applicable Laws** Any fiat currencies (if and where applicable) or Digital Assets held by us for your benefit are not held as “deposits” within the meaning of any Applicable Law and are not eligible for any public or private deposit insurance protection or other protection programmes of a similar nature. For the avoidance of doubt, Neutral Trade is not regulated by any authority. **Jurisdiction Risks** Residents, Tax residents or persons having a relevant connection with certain jurisdictions are excluded from carrying out Digital Asset transactions. Changes in the investor’s place of domicile or the Applicable Laws may result in the investor violating legal or regulatory requirements of the applicable jurisdiction. The investor is responsible for ensuring that any digital asset transaction is, and remains lawful despite changes to Applicable Laws, the investor’s jurisdiction of residence and circumstances. **Country Risks** If a Digital Asset transaction is made in respect of Digital Assets issued by a party subject to foreign laws or transactions made on markets in other jurisdictions, including markets formally linked to a domestic market, recovery of the sums invested and any profits or gains may be reduced, delayed or prevented by exchange controls, debt moratorium or other actions imposed by the government or other official bodies. Before conducting any Digital Asset transaction, the investor should satisfy himself/herself as to the sufficiency of his understanding of any rules or laws relevant to the particular Digital Asset transactions. You should note that their local regulatory authority will be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where the investor’s transactions have been effected. It is the sole responsibility of the investor to obtain independent advice about the different types of redress available in both the investor’s home jurisdiction and other relevant jurisdictions before starting to trade. If the investor’s jurisdiction of residence imposes restrictions on Digital Asset transactions, we may be required to discontinue your access , and may not be permitted to transfer any Digital Assets back to you or permit you to transfer Digital Assets to yourself or others, until such time as the regulatory environment permits us to do so. **Legal and Regulatory Risks** Legal and documentation risks include the risk that transactions and/or their related framework arrangements may not be legally enforceable or that the conduct of the parties violates applicable laws and regulations. You understand and acknowledge that the regulatory status of Digital Assets, Vaults and relevant products and services is currently unsettled, varies among jurisdictions and is subject to significant uncertainty. There is also legal uncertainty on whether Digital Assets can be regarded as “property” under the Applicable Laws. This may affect the nature and enforceability of your interest in such Digital Asset. Legislative and regulatory changes or actions relating to Digital Assets at a state or international level may adversely affect or restrict, as applicable, the use, transfer, exchange, and value of Digital Assets, as well as the provision of Neutral Trade’s services. You are solely responsible for knowing and understanding how the laws applicable to you or your property, rights or assets or tax the Digital Assets you trade, the Vaults you deposit in or the leverage you provide (if applicable). **Regulatory Measures** Digital Assets may be overseen by the legal and regulatory authorities of a number of jurisdictions globally. We may receive notices, queries, warnings, requests or rulings from one or more authorities upon short notice, or may even be ordered to suspend or terminate any action in connection with any Digital Assets as a whole without prior notice. Furthermore, many aspects of the Digital Assets involve untested areas of law and regulation, and could be subject to new laws or regulations. Therefore, their legal and regulatory outcome in all relevant jurisdictions is not possible to predict. The planning, development, marketing, promotion, execution or otherwise of the Digital Assets may be seriously affected, hindered, postponed or terminated as a result of such new laws and/or regulations. Since regulatory policies can change with or without prior notice, any existing regulatory permissions for or tolerance of Digital Assets in any jurisdiction may be withdrawn without warning. Cryptographic-tokens and cryptocurrencies could be deemed from time to time as a commodity or digital commodity, a digital asset or even as money, securities or currency in various jurisdictions and therefore the Digital Assets could be prohibited from being entered into, traded or held in certain jurisdictions pursuant to local regulations. In turn, the Digital Assets could be deemed to be a regulated or restricted product. There is no guarantee that the Digital Assets can maintain any particular legal or regulatory status in any particular jurisdiction at any time. **Digital Assets or Vaults may be Complex Products** Digital Assets or Vaults may be complex products by virtue that the terms, features and/or risk are not understood due to the complex structure, novelty and reliance on technological features. You should take steps to understand the nature of such complex products and the risks involved. **Commissions and Fees** The investor should obtain details of all fees, costs, charges, expenses and commissions updated from time to time for which he/she will be liable before conducting any Digital Asset transaction or subscripting into any Vault. If any of the foregoing is unclear to the investor, it is the responsibility of the investor to clarify such fees, costs, charges, expenses and commissions before entering into the Digital Asset transaction. The fees, costs, charges, expenses and commissions to be paid by the investor will vary depending on a variety of factors, including the nature of the investor’s relationship with Neutral Trade in relation to the relevant services, the transaction size, complexity and type of asset. **Tax Treatment and Accounting** Some Digital Asset transactions may be subject to the tax laws and regulations in an applicable jurisdiction. The tax treatment and accounting of Digital Assets is a largely untested area of law and practice that is subject to change. Tax treatment of Digital Assets may vary amongst jurisdictions. If you are unsure about the tax implications of your Digital Asset transactions, you should seek independent professional advice before carrying out a Digital Asset transaction. **Insolvency Risk** The insolvency or default of any exchanges or brokers involved with the Services and Products may lead to your trading positions being liquidated or closed out without your consent. In such circumstances where, for example, the exchange’s or broker’s assets are subject to insolvency proceedings, you may lose the assets that you have invested. **Conflicts of Interest** We or other Digital Asset trading service providers may be acting as agents for you as well as acting as principals against you. We or other relevant service providers may facilitate the initial distribution of Digital Assets (such as, initial coin offerings), secondary market trading, or both, in manners similar to a traditional exchange, alternative trading system or securities broker. If these operations are not under the purview of any regulator, it would be difficult to detect, monitor and manage conflicts of interest. **Money-laundering risk** Digital Assets are generally transacted or held on an anonymous basis. In particular, Digital Asset platforms which allow conversions between Digital Assets and fiat currencies (if and where applicable) are inherently susceptible to higher risks of money laundering and terrorist financing. Digital Asset investments may be the subject of law enforcement action as a result of criminal activities and you may not be able to recover any of their investments as a result. **Cryptographic Protection** Cryptography is evolving and there can be no guarantee of security at all times. Advancement in cryptography technologies and techniques, including but not limited to code cracking, the development of artificial intelligence and/or quantum computers, could be identified as risks to all cryptography-based and/or blockchain based systems including the underlying assets of the digital assets. The security of our platform cannot be guaranteed as the future of cryptography or security innovations is unpredictable. **Abandonment or Development Failure** Due to the technically complex nature of our platform, we could face difficulties from time to time that may be unforeseeable and/or unresolvable. Accordingly, the development of the platform could fail, terminate or be delayed at any time for any reason (including but not limited to a lack of funds). **Loss of Private Key is Permanent and Irreversible** You should note that the investor alone is responsible for securing his/her private key for any address with respect to Digital Assets. Any loss of control of the private key by the investor will permanently and irreversibly deny the investor access to such Digital Assets and a means of proving their ownership in the Digital Assets. Neither Neutral Trade nor any other person will be able to retrieve or protect the Digital Assets not held by Neutral Trade. Once lost, the investor will not be able to transfer such Digital Assets to any other address or wallet. This means that the investor will also not be able to realize any value or utility that the Digital Assets may hold now or in future. **Cyber-attacks and Fraudulent Activity, including Theft of Digital Assets** There may be attempts to steal Digital Assets on the platform. The nature of Digital Assets exposes the investor to an increased risk of fraud or cyber-attack. Neutral Trade’s platform and website may be targeted by malicious persons who may attempt to steal Digital Assets or fiat currencies (if and where applicable), or otherwise intervene in a Digital Asset transaction. This includes (but is not limited to) interventions by way of distributed denial of service, sybil attacks, phishing, social engineering, hacking, smurfing, malware, double spending, majority-mining, consensus-based or other mining attacks, misinformation campaigns; Forks; and spoofing. These malicious persons may target an investor in an attempt to steal any asset held by the investor, or to claim any asset that the investor may have purchased. This may involve unauthorised access to your wallet, log-in details or access method for your wallet, as well as unauthorised access to your computer, smartphone and any other devices. Your are solely responsible for protecting himself/herself against such actions. Neutral Trade’s platform and website may also be vulnerable to exploitation of vulnerabilities in smart contracts and other code, as well as to human error. Cyber-attacks resulting in the hacking of Digital Asset platforms and thefts of Digital Assets are common. Victims may have difficulty recovering any losses resulting from these attacks. This could result in significant loss and/or other impact that may materially affect an investor’s interests. The above events may affect the features, function, operation, use, access or other properties of the Digital Assets, your wallet, Neutral Trade’s platform and website. **Code Flaws** While we adopt quality assurance procedures to help ensure the source codes as accurately as possible reflect their intended operation, the flawlessness of the source codes, some of which are open source codes, cannot be guaranteed. They may contain bugs, defects, inconsistencies, flaws or errors, which may disable some functionality, create vulnerabilities or cause instability. Such flaws may compromise the predictability, usability, stability, and/or security of the platform. Open source codes rely on transparency to promote community-sourced identification and solution of problems within the code. **Unpermissioned, Decentralized and Autonomous Ledger** Neutral Trade’s platform is being developed to serve various distributed ledger systems which are unpermissioned protocols that could be accessed and used by anyone. In addition to the use of decentralized ledgers, we intend to make use of supporting technologies that also operate on decentralized ledgers. The utility and integrity of our platform relies on the stability, security and popularity of these decentralized ledgers. Risks arising from relying on such distributed ledger technology include the existence of technical flaws in the technology, targeting by malicious persons, majority-mining, consensus-based or other mining attacks, changes in the consensus protocol or algorithms, decreased community or miner support, rapid fluctuations in value of relevant digital assets, the existence or development of competing networks, platforms and assets, flaws in the scripting language, disputes between developers, miners and/or users and regulatory action. We are envisaged to be an open, decentralized community and its composition can include users, supporters, developers and other participants worldwide who may or may not be connected with us in any manner. The platform is intended to be decentralized and autonomous in nature as far as its maintenance, governance and evolution are concerned. **Compromised Security** We rely on open source software and unpermissioned decentralized distributed ledgers including but not limited to the Solana and Ethereum blockchain. Accordingly, anyone may intentionally or unintentionally compromise the core infrastructural elements of our platform and its underlying technologies. This may consequently result in the loss of any Digital Assets held on the platform and may cause our system to fall. **Inadequacy of Network** The ramp up of the platform may be accompanied by sharp increases in transaction numbers and demand for processing power. If the demand for processing power outgrows that forecasted, the network of the platform could be destabilized and/or stagnated. This may create opportunities for fraudulent activities including but not limited to false or unauthorized transactions (such as "double-spending") to arise. All these may adversely impact the usability, stability and security of the platform. **Reliance on the Internet and Other and Technology-related Risks** Operation of Neutral Trade’s Vaults and Digital Asset transactions rely heavily on the internet and other technologies. However, the public nature of the internet means that either parts of the internet or the entire internet may be unreliable or unavailable at any given time. Further, interruption, delay, corruption or loss of data, the loss of confidentiality in the transmission of data, or the transmission of malware may occur when transmitting data via the internet and/or other technologies. The result of the above may be that your Digital Asset transaction is not executed according to your Instructions, at the desired time, or not at all. No authentication, verification or computer security technology is completely secure or safe. The internet or other electronic media (including without limitation electronic devices, services of third-party telecom service providers such as mobile phones or other handheld trading devices) are an inherently unreliable form of communication, and such unreliability may be beyond Neutral Trade’s control. Any information (including any document) transmitted, or communication or transactions made, over the internet or through other electronic media (including electronic devices, services of third party telecommunication service providers such as mobile phones or other handheld trading devices or interactive voice response systems) may be subject to interruption, transmission blackout, delayed transmission due to data volume, internet traffic, market volatility or incorrect data transmission (including incorrect price quotation) or stoppage of price data feed due to the public nature of the internet or other electronic media. **Past Performance and Indicated Returns not Indicative** You acknowledge and agree that the past performance of any Neutral Trade’s Vaults, or otherwise any of Neutral Trade’s Products or Services, is not an indication of future performance. In providing the Services and Products, Neutral Trade does not guarantee the performance of any Services or Product and does not provide any financial or legal advice to you. Any indicated potential returns are subject to change at any time without notice due to fluctuations in market conditions, regulatory changes, or other unforeseen events. You are solely responsible for determining the suitability of the Services or Product for you. **Transactions Deemed Executed Only when Recorded or Confirmed** Some Digital Asset transactions may be deemed to be executed only when recorded and confirmed, which may not necessarily be the time at which you initiate the transaction. **Irreversible Transactions** Transactions in Digital Assets may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. You should note that once a transaction has been verified and recorded on a blockchain, loss or stolen Digital Assets generally will not be reversible. This means accidental or fraudulent transactions in respect of Digital Assets may not be recoverable. **Counterparty Risk** Most trading, lending or other dealing platforms, custodians of Digital Assets or other Digital Asset service providers are private companies which may be unregulated or only subject to light-touch regulation (e.g. for payment purposes). As such, they may not be subject to the same robust regulation and transparent rules as service providers or products in traditional financial markets, posing additional counterparty risks for Digital Asset related products, and may be exposed to market manipulative and abusive activities. There is a risk that these counterparties may become insolvent. **DISCLAIMER OF WARRANTIES** TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NEUTRAL TRADE, ITS VAULTS, AND ITS WEBSITE ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT ANY WARRANTY OF ANY KIND, AND NEUTRAL TRADE HEREBY SPECIFICALLY DISCLAIMS ALL WARRANTIES WITH RESPECT TO ITS PRODUCTS AND SERVICES, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING THE IMPLIED WARRANTIES AND/OR CONDITIONS OF TITLE, MERCHANTABILITY, SATISFACTORY QUALITY, FITNESS FOR A PARTICULAR PURPOSE, AND/OR NON-INFRINGEMENT. NEUTRAL TRADE DOES NOT WARRANT THAT ITS PRODUCTS AND SERVICES, INCLUDING ACCESS TO AND USE OF ITS WEBSITE, WILL BE CONTINUOUS, UNINTERRUPTED, TIMELY, COMPATIBLE WITH ANY SOFTWARE, SYSTEM, OR OTHER SERVICES, SECURE, COMPLETE, FREE OF HARMFUL CODE, OR ERROR-FREE. NO ADDITIONAL DUTIES SHALL BE IMPLIED. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NEUTRAL TRADE SHALL NOT ASSUME ANY FIDUCIARY DUTY OR OBLIGATION TO USERS. [PreviousBrand Kit](https://docs.neutral.trade/additional-info/brand-kit) [NextNeutral Trade User Terms and Conditions](https://docs.neutral.trade/legal/neutral-trade-user-terms-and-conditions) Last updated 7 months ago --- # Vaults FAQ | Neutral Trade 1. **How Do I Deposit Into Vaults?** To deposit, follow the detailed guide here - [How-To-Use Guide](https://docs.neutral.trade/additional-info/how-to-use-guide) Each vault may have unique requirements (token type, chain, minimum deposit, etc.), so please review the vault details carefully. * * * 1. **What Is The Minimum Deposit For Vaults?** Each vault has different minimum deposit requirements. For more information on each one, open the respective vault you are interested - [Here](https://www.app.neutral.trade/) * * * 1. **Are there any lockups or redemption periods?** Yes, and they vary by vault. Check here: [🔓Redemption Period & Withdrawals](https://docs.neutral.trade/additional-info/transparency-hub/redemption-period-and-withdrawals) * * * 1. **Can Someone Else Withdraw Funds From The Vault Except Me?** No! Utilizing Drift vault architecture, Neutral Trade or anyone else do not retain permissions to withdraw any assets. Only depositors have permissions to enact a withdrawal. Neutral Trade is solely authorized to place or cancel orders within the vault’s own account. Users retain full custody of their assets! * * * 1. **What types of strategies does Neutral Trade offer?** We offer multiple categories: * **Market-Neutral Yield Vaults** * JLP Delta Neutral (USDC, JLP-denominated) * USDC Basis (LST-based) * Hyper Funding Arb * SOL/ETH Flip (pairs trading) * **Directional Long Strategies** * SOL/ETH/BTC Super Staking * Hyper JLP (bull-biased LP optimization) * SOL Dominance & ALT Dominance Vaults * **Short Exposure Strategies** * The Big Short (low-liquidity token unlocks) * Traders Rekt (inverse trader PnL) * **Quantitative & Institutional Vaults** * CTA Momentum (OKX, off-exchange execution) * **Private Credit & VC Deals** * * * 1. **What Are The Fees?** Check here: [✍️Fees + Redemption Period](https://docs.neutral.trade/additional-info/transparency-hub/fees-+-redemption-period) * * * 1. **How is the APY generated?** Varies by vault: * **JLP Vaults**: Trading fees, liquidation fees, borrowing fees from Jupiter Perps * **Basis Vault**: LST staking rewards + perp funding fees * **Hyper Funding Arb**: Captures perp funding inefficiencies on Hyperliquid * **Super Staking**: Combines JLP returns + perp short funding + LST yield * **Dominance Vaults**: Rotational alpha from BTC/Altcoin dominance cycles * **Traders Rekt / Big Short**: Directional vaults based on trader behavior * **CTA**: ML-based momentum and mean-reversion trading on OKX * **TermMax Credit Vault**: Fixed income + token airdrops (TMX) * * * 1. **Can I get liquidated?** Vault Type Liquidation Risk? JLP Delta Neutral ❌ No (hedged) SOL/ETH/BTC Super Staking ❌ No (rebalancing) Hyper Funding Arb ❌ No (fully hedged) SOL/ETH Flip ⚠️ Indirect exposure to price divergence Traders Rekt / Big Short ⚠️ Yes, directional risk CTA ❌ Risk controls in place * * * 1. **What are the risks?** Each vault has specific risk factors. General categories include: * **Market Risk**: Directional vaults like SOL Super Staking or SOL/ETH Flip are exposed to asset volatility. * **Funding Risk**: Arbitrage strategies depend on sustained positive funding. * **Smart Contract Risk**: Drift and Hyperliquid are audited. TermMax is audited by **Spearbit x Cantina**. * **Execution Risk**: CTA Vault is protected via Copper custody with strict drawdown controls. * **Token Price Risk**: TMX exposure in TermMax vault is subject to post-TGE pricing. Refer to vault-specific disclaimers and risk documentation for full transparency. * * * 1. **Where can I see my vault positions?** Check here: [🔎Track Our Trades](https://docs.neutral.trade/additional-info/transparency-hub/track-our-trades) * * * 1. **Are The Vaults Audited?** Neutral Strategy Vaults infrastracture is audited by Quantstamp. * * * 1. **Are there any lockups?** Each vault has a lockup period, varying from 1 hour to 7 days. This is done to prevent manipulation and leave time to close vault positions optimally. To find out more info, click the link - [Here](https://docs.neutral.trade/additional-info/transparency-hub/redemption-period-and-withdrawals) * * * 1. **Can You In Theory Manipulate A Low-Liquidity Shitcoin on Drift/Hyperliquid, Executing A “Pump-And-Dump” To Drain Funds?** No. This is as we are limited to trading only tokens listed on Drift/Hyperliqudi. * * * 1. **How To Contact Support?** For general questions, feel free to ask in our Discord #General channel or on our Telegram chat here: [https://discord.gg/neutraltrade](https://discord.gg/neutraltrade) [https://t.me/neutraltrade](https://t.me/neutraltrade) For specific deposit inquiries, feel free to create a support ticket in our Discord. [PreviousHow-To-Use Guide](https://docs.neutral.trade/additional-info/how-to-use-guide) [NextOur Partners](https://docs.neutral.trade/additional-info/our-partners) Last updated 2 months ago --- # Neutral Trade User Terms and Conditions | Neutral Trade Welcome to the Neutral Trade platform's website and interface. These Terms of Use govern your access to and use of the domain https://neutral.trade/ and all associated pages, features, services, and applications that operate the Neutral Trade platform (collectively referred to as the “Interface”). **NEUTRAL TRADE IS NOT A REGULATED ENTITY AND DOES NOT OPERTE ANY REGULATED ACTIVITY UNDER APPLICABLE JURISDICTIONS. IN COMPLIANCE WITH LAWS AND REGULATIONS, YOUR ACCESS TO OR USE OF NEUTRAL TRADE’S INTERFACE MAY BE LIMITED IN SELECT LOCATIONS OR TO CERTAIN USERS.** THESE TERMS DO NOT FULLY DISCLOSE THE RISKS OR MATERIAL ASPECTS OF USING NEUTRAL TRADE’S SERVICES. THE USER SHOULD NOT CONSTRUE THESE TERMS OR ANY TERMS OF THE AGREEMENT AS LEGAL, TAX OR FINANCIAL ADVICE. NEUTRAL TRADE IS NOT ACTING AS THE USER’S FINANCIAL ADVISOR AND THE USER MUST NOT REGARD NEUTRAL TRADE AS ACTING IN THAT CAPACITY. THE USER SHOULD CONSULT HIS OWN INDEPENDENT PROFESSIONAL ADVISORS BEFORE ENTERING INTO ANY TRANSACTION AND ONLY USE THE SERVICES IF THE USER HAS FULLY UNDERSTOOD THE NATURE, THE CONTRACTUAL RELATIONSHIP INTO WHICH HE IS ENTERING, ALL RELEVANT TERMS AND CONDITIONS AND THE NATURE AND EXTENT OF THE USER’S EXPOSURE TO LOSS. THE USER HAS BEEN RECOMMENDED TO READ THESE TERMS CAREFULLY AND RETAIN THESE FOR THE USER’S RECORDS. **1\. Acceptance of Terms.** By using the Interface, you (the "User") agree to these terms, which form a legal agreement between you and Neutral Trade ("Company," "we," or "us"). These terms, along with the Risk Warnings and Disclaimers Statement and any referenced documents (collectively, the “Terms of Use”), outline the rules for accessing and utilizing the Interface, including all content, features, vaults, subpages, and services available through it. Before using the Interface, please carefully review these Terms of Use. By using the Interface or clicking to accept the Terms when prompted, you agree to comply with and be bound by them. If you do not agree to these Terms of Use or any applicable documents, you must refrain from using the Interface. In case of any conflict between these Terms and other applicable terms, these Terms will take precedence unless explicitly stated otherwise. **2\. Changes to the Terms of Use.** The Company reserves the right to modify and update these Terms of Use at its sole discretion. Any changes will take effect immediately upon being posted and will apply to all future access and use of the Interface. By continuing to use the Interface after updated Terms of Use are posted, the User acknowledges and agrees to these changes. It is the User’s responsibility to review this page regularly to stay informed of any updates, as these modifications are binding. If the User disagrees with the revised Terms of Use, they must immediately stop using Neutral Trade’s services. **3\. Electronic Communication.** By agreeing to these Terms of Use, the User consents to receive communications from the Company electronically, including via email or other electronic messaging systems. This consent applies to all agreements, disclosures, and other communications that would otherwise be required to be provided in writing. The User acknowledges that electronic communications fulfill any legal requirements for written communication and waives the right to request a non-electronic, original signature, unless prohibited by applicable law. **4\. Accessing the Interface and User Security.** The Company reserves the right to modify, pause, or withdraw the Interface or any of its services or materials at its discretion, without prior notice. The Company shall not be held liable for any periods during which the Interface or parts of it are unavailable. Periodically, access to certain parts of the Interface, or the entire Interface, may be limited to specific users. The User is responsible for: 1. Ensuring that necessary arrangements are in place for accessing the Interface. 2. Ensuring that any individuals using the Interface through the User’s internet connection are aware of and comply with these Terms of Use. To use the Interface or access certain resources, the User may be required to utilize Web3 tools, such as MetaMask or other crypto wallets compatible with their web browser (“Web3 Utilities”). The User must ensure that these Web3 Utilities and their associated private key(s) are operated solely by the party who created the keys and only with their explicit permission. Additionally, all information provided while interacting with the Interface must comply with the policies referenced on the Interface, and the User consents to the Company’s use of this information in accordance with those policies. If a Web3 Utility requires the use of a username, password, private key, or other security credentials, the User agrees that the identity tied to the Web3 Utility is personal and confidential. The User must ensure the protection of this identity and prevent unauthorized access by locking the Web3 Utility after each session. Caution should be exercised when using the Interface on public or shared computers to prevent others from accessing the User’s sensitive information. The Company reserves the right to disable any Web3 Utility-linked identity (such as a public address) or block an IP address from accessing the Interface at its discretion, especially in cases where the User or identity is deemed to have violated any part of these Terms of Use. **5\. Eligible Users.** To be eligible to use Neutral Trade’s products and/or services (including and not limited to the Interface), you must: * acknowledge and agree that the products and/or services may be provided by Neutral Trade with the support of its affiliates; * be a natural or legal person or other body corporate with full legal capacity and authority to enter into these Terms of Use; * in the case of an individual, be at least 18 years old or of legal age specified by applicable law in your jurisdiction of residence for a binding contract; * in the case of an authorized person entering into these Terms of Use on behalf of a body corporate, have all the necessary rights and authorities to bind such body corporate; * not reside in a country where the relevant products and/or services are inaccessible; and * not be a Proscribed Person. “Proscribed Person” refers to a person who is, or appears to Neutral Trade to: (a) be in breach of any AML/CFT Requirements of any jurisdiction; (b) appear in a list of persons with whom dealings are proscribed by the United Nations or another government agency or a regulatory authority under applicable laws; or act on behalf, or for the benefit of, any person described in (a) or (b). **6\. Prohibited Uses.** The User may only access and use the Interface for lawful purposes and in compliance with these Terms of Use. The User agrees not to use the Interface for the following purposes: * In any manner that violates federal, state, local, or international laws or regulations, including those related to the export of data or software across borders. * To exploit, harm, or attempt to harm minors by exposing them to inappropriate content, soliciting personal information, or engaging in any other harmful behavior. * To transmit or facilitate the sending of any unsolicited advertising or promotional material, such as "junk mail," "spam," chain letters, or similar solicitations. * To impersonate or attempt to impersonate the Company, its employees, other users, or any other individual or entity, including through deceptive email addresses, screen names, or blockchain identities. * To engage in conduct that disrupts or inhibits another's use or enjoyment of the Interface, or that could harm the Company or other users, or expose them to liability. * If the User is from or accessing the Interface from a prohibited region or is subject to economic sanctions, or is listed as a Specially Designated National by the U.S. Office of Foreign Asset Control (OFAC). * If use violates any law or regulation in the User's jurisdiction. Additionally, the User must not: * Attempt to deceive or defraud any person, or actually deceive or defraud by providing false, inaccurate, or misleading information to unlawfully obtain another's property. * Promote illegal activity or assist in any unlawful act. * Misrepresent the User's identity or affiliations, or impersonate others. * Engage in activities that violate laws related to trading markets, such as spoofing, pump-and-dump schemes, or wash trading. * Suggest that actions or communications emanate from or are endorsed by the Company or any entity unless this is true. * Use the Interface for any securities-related transactions or transactions that require registration with regulatory bodies such as the SEC, FINRA, CFTC, SFC and MAS, among others. * Overburden, damage, or interfere with the Interface’s functionality or other users’ ability to engage in real-time activities on the platform. * Use automated means (e.g., robots, spiders) or manual processes to monitor or copy any material from the Interface without prior written consent. * Introduce harmful software such as viruses, malware, worms, Trojan horses, or other malicious technology. * Attempt unauthorized access to any part of the Interface, its server, blockchain, or any related systems or databases. * Violate others' legal rights (including privacy and publicity) or engage in actions that may lead to civil or criminal liability. * Launch denial-of-service or distributed denial-of-service attacks against the Interface. * Otherwise attempt to interfere with the proper functioning of the Interface. The User must refrain from any actions that could compromise the security, functionality, or integrity of the Interface or any associated systems. **7\. Instructions.** The User acknowledges that he is entitled to provide instructions (through a Web3 Utility or otherwise) by providing notice through the Interface, including instructions to deposit, withdraw or cancel, provided that an instruction may not be complied with if not in compliance with the Terms of Use, or, if it has been executed by Neutral Trade already and the transaction of such instruction has been published to the public blockchain. The User shall bear all risks, liabilities and losses as a result of a failed instruction or Neutral Trade’s failure to execute the instruction. **8\. Monitoring and Enforcement; Termination.** The Company reserves the right to: * Take appropriate legal actions, including referring cases to law enforcement authorities, in response to any illegal or unauthorized use of the Interface. * Terminate or suspend a User’s access to part or all of the Interface at its discretion, including in cases of violation of these Terms of Use. The Company shall not be held liable for any harm, damage, or issues arising from interactions with the underlying blockchain supporting the Interface. **9\. Changes to the Interface.** The Company may periodically update the content, design, and features available through the Interface. However, the Interface may not always be fully up-to-date, and the Company is under no obligation to ensure that any material is current. Information or functionalities on the Interface may become outdated, and the Company is not required to update them. **10\. No Professional Advice.** All content and information provided on the Interface is intended solely for informational purposes and should not be interpreted as professional advice, including but not limited to legal, tax, or financial advice. The Company makes no warranties regarding the accuracy, completeness, or usefulness of the information provided. Users should not act or refrain from acting based on information provided on the Interface, including posts, articles, third-party links, social media communications, or tutorials. Any reliance on such information is entirely at the User's own risk, and the User assumes the high degree of risk that comes with using blockchain technology. Users are strongly encouraged to seek independent, professional advice from licensed and qualified experts before making any financial, legal, or other decisions based on the Interface. The User agrees and acknowledges that, to the fullest extent permissible by law, they have not relied on the Company or any other participant for professional advice when interacting with the Interface. **11\. No Fiduciary Duties.** The provision of the Interface and this Agreement does not create any fiduciary or professional duties between the Company and the User or any third party. The User agrees, to the fullest extent permissible by law, that their use of the Interface does not impose any fiduciary obligations or liabilities on the Company. The User further acknowledges and irrevocably waives any claims of fiduciary duties or liabilities against the Company. The User agrees that the only duties or obligations the Company or any participant owes are those explicitly outlined in this Agreement, and that the User has no rights outside of those expressly granted in these Terms of Use related to the Interface or the Protocol. **12\. Market Fluctuations and Extreme Market Events.** If Neutral Trade acting reasonably determines that an extreme market event is occurring in relation to a service (including but not limited to a vault or strategy) offered through the Interface, the User agrees that Neutral Trade may take such action as it considers necessary, and in accordance with applicable laws, to respond to this extreme market events, including but not limited to immediately suspending or terminating some of the products or services, immediately removing or a vault from the Interface, forcing redemptions or liquidations by a User and changing the allocation of a User. **13\. Fees and Taxes.** The User will pay all applicable fees, costs, charges, expenses and commissions to Neutral Trade as set out on the Interface (updated from time to time), including costs in connection with networks or blockchains underlying a vault and/or engagement of third party service providers, as well as applicable levies imposed by relevant government agencies. The User acknowledges and agrees that Neutral Trade may change the relevant applicable fee rate or introduce a new charge from time to time and with immediate effect. Should the User continue to use the Interface, the User shall be considered to have accepted and agreed to the changes. **14\. Warranty Disclaimer.** The User acknowledges and agrees that their use of the Interface, its content, and any services provided through it is entirely at their own risk. The Interface and any vaults on Neutral Trade is provided on an "AS IS" and "AS AVAILABLE" basis. To the fullest extent permitted by applicable law, the Company and its affiliates disclaim all warranties, whether express, implied, or statutory, including but not limited to implied warranties of merchantability, non-infringement, and fitness for a particular purpose. Neither the Company nor any associated person makes any warranties or representations regarding the completeness, security, reliability, quality, accuracy, or availability of the Interface. The Company and its affiliates make no representations or warranties that: 1. Access to the Interface will be uninterrupted, continuous, timely, secure, free from errors, or defects. 2. Information presented on the Interface is accurate, complete, reliable, current, or relevant. 3. The Interface will be free from viruses, malicious software, bugs, errors, or other harmful elements, or that such issues will be corrected. 4. The Interface will meet the User’s expectations. 5. Any communication or documentation from the Company should be regarded as providing a warranty concerning the Interface or any related protocol. The Company does not endorse or take responsibility for any content, advertisements, offers, statements, or actions of third parties that may appear through the Interface. The User is solely responsible for implementing sufficient security and backup procedures, including but not limited to: 1. Choosing and maintaining an appropriate Web3 Utility. 2. Protecting against viruses and ensuring the accuracy of data input and output. 3. Maintaining backup copies of any important data externally to prevent data loss. To the fullest extent permitted by law, the Company will not be liable for any damages or losses resulting from distributed denial-of-service attacks, viruses, or other harmful materials that may infect the User's devices, data, or proprietary information due to their use of the Interface, any services obtained through the Interface, or downloading content from the Interface or any linked website. **15\. Limitation of Liability.** To the fullest extent permitted by law, the Company, its affiliates, agents, licensors, service providers, employees, officers, or directors shall not be liable for any damages of any kind arising from or related to the User’s use or inability to use the Interface, the underlying protocol or blockchain, or any linked websites. This includes, but is not limited to, claims for direct, indirect, special, incidental, consequential, or punitive damages such as personal injury, pain and suffering, emotional distress, loss of revenue, loss of profits, loss of business, loss of anticipated savings, loss of use, loss of goodwill, or loss of data, whether such claims arise from tort (including negligence), breach of contract, or otherwise, even if foreseeable. For the avoidance of doubt, Neutral Trade and/or any of its affiliates will not be liable for any loss incurred or damage suffered arising from: 1. any use of the User’s Account by the User or by any third party (whether or not authorized by the User); 2. unauthorized, mistaken, or accidental transfer or exchange of the User's digital assets; 3. any malfunction, defect or error in any terminal used to process any instructions from the User; 4. any delay or inability on Neutral Trade’s part to perform any of our obligations under these Terms because of any force majeure event; 5. any damage to or loss or inability to retrieve any data or information that may be related to Neutral Trade's provision of Services; 6. fraud or forgery of any third parties; 7. any actual or potential losses that may result based on the decision to support a Fork, or the timing of implementation of support; 8. any downtime due to the inability to trade or otherwise transfer digital assets; or 9. any hold, or for the User's inability to withdraw digital assets or execute trades during the period of any such hold. Neutral Trade will not be liable for any loss that is caused by any malfunction of a third party application programming interface or other related interactions with any third party software. This limitation of liability also applies to any damages caused by third parties or any failure of the protocol or underlying blockchains. The foregoing limitation of liability does not apply to any liability that cannot be excluded or limited under applicable law. **16\. Nature of Blockchain; Assumption of Risk; Waiver of Claims.** Blockchain technology and smart contracts are emerging and evolving, carrying both foreseeable and unforeseeable risks in areas such as security, financial stability, technical reliability, and regulatory compliance. The User acknowledges that participating in blockchain activities requires a high level of expertise and knowledge, as blockchain-related technologies are inherently volatile and complex. Factors contributing to this volatility may include adoption rates, speculative activity, security risks, manipulation, and evolving legal and regulatory frameworks. Additionally, blockchain transaction costs and speeds can fluctuate, and due to the public nature of many blockchains, the User’s activity may be visible to others. By accessing and using the Interface, the User acknowledges and agrees to the following: 1. Understanding of Risks: The User is fully aware of the risks associated with blockchain technology and the Protocols underlying the Interface. 2. Sufficient Knowledge: The User has sufficient knowledge and understanding of blockchain technologies, crypto-assets, crypto mining, Web3 Utilities, and smart contracts to operate safely and efficiently. The User is aware of both the foreseeable risks and the possibility of unforeseen risks. 3. Volatility of Crypto-assets: The User understands that crypto-assets involved in the Interface may rapidly change in value or be lost entirely, which could result in significant harm or financial loss. 4. No Liability: The Company does not own or control the underlying blockchain or Protocol, nor is it responsible for any risks related to their use. The User accepts that the Company cannot be held liable for any damages, losses, or harm incurred during the use of the Interface or any related blockchain interactions. 5. Assumption of Risk: The User assumes full responsibility for all risks associated with accessing and using the Interface and interacting with any relevant Protocol, regardless of whether those risks are mentioned here or arise unexpectedly. The User further waives and releases the Company from any liability, claims, or damages arising from the User’s use of the Interface and interactions with any relevant blockchain or protocol. **17\. Compliance.** The User acknowledges that the Interface may not be available or lawful in all jurisdictions. By accessing or using the Interface, the User takes full responsibility for ensuring compliance with the laws and regulations applicable in their jurisdiction. The User must not access or use the Interface if they are a citizen or resident of a jurisdiction subject to economic sanctions or where their use of the Interface would be illegal or violate any applicable laws. The User is also solely responsible for any taxes, duties, or assessments imposed by any governmental authority in connection with their use of the Interface. **18\. Links from the Interface.** The Interface may include links to third-party websites, protocols, or resources. These links are provided solely for the User's convenience and may include advertisements or sponsored content. The Company has no control over these external resources and accepts no responsibility for the content, accuracy, or availability of such third-party sites, nor for any loss or damage resulting from the User's interaction with them. Accessing third-party websites or resources through links on the Interface is entirely at the User's own risk and subject to the terms and conditions of the respective websites. **19\. Indemnification.** The User agrees to indemnify, defend, and hold harmless the Company, its affiliates, licensors, agents, service providers, and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys’ fees) arising out of or related to: 1. Violation of Terms: The User’s breach of these Terms of Use. 2. Use of the Interface: The User's interaction with the Protocol or any reliance on the content, services, or products provided by the Interface. 3. Reliance on Information: Any reliance the User places on information obtained from the Interface. 4. Third-party Access: Any access or use of the Interface or Protocol by a third party with the User's assistance or via any device or account owned or controlled by the User. **20\. Enquiries.** Where any regulatory or government agency makes an enquiry which relates to any service or transaction carried out pursuant to this Terms of Use, the User agrees to co-operate with Neutral Trade in the provision of such information, and that any information relevant to the enquiry may be passed to any of NEUTRAL TRADE’s nominees or Affiliates, the Custodian or any Infrastructure Participant, Network Participant or Government Agency, as appropriate. **21\. Termination.** Neutral Trade may terminate these Terms of Use and its provision of products or services to a User immediately upon the occurrence of any one or more of the following events: 1. the occurrence of any Events of Default; 2. where Neutral Trade reasonably suspects that the User’s wallet or account is used for market misconduct or any illegal, fraudulent, or unauthorised purpose, including but not limited to money laundering, terrorist financing, fraud or any other crime, or perceives a heightened risk of legal or regulatory non-compliance associated with the User’s activity; 3. where Neutral Trade is required to do so by applicable law, or any court or authority to which Neutral Trade is subject in any jurisdiction; 4. the User’s use of the Interface is subject to any pending, ongoing or threatened litigation, investigation, or judicial, governmental or regulatory proceedings; or 5. there is any other valid reason which requires Neutral Trade to do so. “Events of Default” refers to where User is no longer eligible to use the Interface; or fails to duly and punctually observe or perform any of the undertakings, duties and obligations in these Terms of Use; or any dispute or proceedings against the User. The User acknowledges and agrees that the events set out under this clause is a non-exhaustive list and Neutral Trade’s decision to take certain actions, including but not limited to termination, suspension, freeze funds or restriction to access, transact, or use the Interface may be based on confidential reasons that are essential to Neutral Trade's risk management, security or other compliance protocols. **22\. Governing Law and Dispute Resolution.** All matters related to the Interface and these Terms of Use, including any disputes or claims arising from or in connection with them, are governed by the laws of the British Virgin Islands. Any dispute, controversy or claim arising out of or relating to this contract, or the breach, termination or invalidity thereof, shall be settled by arbitration in accordance with the BVI IAC Arbitration Rules. This ensures that any disputes arising between the User and the Company will be addressed through arbitration rather than in a court of law. **23\. Limitation on Time to File Claims.** Any cause of action or claim that the User may have related to these Terms of Use or the use of the Interface must be initiated within one (1) year from the date the cause of action arises. Failure to file such a claim within this time period will result in the permanent barring of the claim. **24\. Injunctive Relief Waiver.** To the fullest extent permitted by applicable law, the User agrees that they will not be entitled to seek any form of injunctive or equitable relief, including any court orders or injunctions, in connection with their use of the Interface. This means that the User waives the right to any court action intended to compel or prohibit any specific action by the Company. **25\. Entire Agreement.** These Terms of Use, along with any documents expressly referenced or incorporated by reference, represent the entire agreement between the User and the Company regarding the Interface. This agreement supersedes any and all prior or contemporaneous agreements, understandings, representations, and warranties, whether oral or written, related to the Interface. This ensures that no external communications or representations modify or contradict the stated Terms. [PreviousRisk Warnings and Disclaimers Statement](https://docs.neutral.trade/legal/risk-warnings-and-disclaimers-statement) Last updated 7 months ago --- # Redemption Period & Withdrawals | Neutral Trade Deposited funds are subject to a redemption period to prevent arbitrage opportunities. Due to the nature of the strategy, manual adjustments may be required to facilitate withdrawals in an orderly manner. Withdrawal requests may be submitted at any time. Funds will be available for withdrawal after the redemption period ends. Any upside profit accrued during the redemption period is forfeited. Vault Redemption period **JLP Delta Neutral Vaults** 1 Day **Neutralized JLP** 1 Hour **SOL Super Staking Vault** 1 Day **ETH Super Staking Vault** 1 Day **BTC Super Staking Vault** 1 Day **SOL/ETH Flip Vault** 1 Day **Hyper JLP** 1 Day **The Big Short \[Hyperliquid\]** \- **Traders Rekt Vault** 1 Hour **USDC Basis Vault (Sanctum-INF)** 1 Day **BTC Dominance \[Hyperliquid\]** \- **ALT Dominance \[Hyperliquid\]** \- **Hyperliquid Funding Arb** 3 Days + 3 Days Lock (After deposit) **CTA Momentum (R\* Research)** 7 Days + 14 Days Lock (After deposit) **BONK/PUMP** 1 Day Last updated 2 months ago ---