Neutrl USD

Neutrl USD (NUSD) is a synthetic stablecoin designed to maintain a value close to one US dollar while generating yield from market-neutral strategies such as funding-rate capture and over-the-counter arbitrage. It is intended to give both institutions and individual users exposure to onchain yield without taking a directional position on any underlying asset's price movement. The project describes itself as fully collateralized and transparent, aiming to address the challenge of earning sustainable returns in decentralized finance without accepting directional market risk.

NUSD lives within the Ethereum ecosystem and is classified as a synthetic asset, meaning its dollar peg is maintained through collateral and structured hedging strategies rather than a direct one-to-one reserve of fiat currency. The protocol combines OTC arbitrage, funding-rate harvesting, and other market-neutral DeFi techniques to back each token and generate returns for holders. No consensus algorithm or block time is recorded for NUSD itself, as it operates as a token on an existing blockchain rather than as a standalone network.

The data stored for NUSD does not include a recorded fee stream, so fee-based measures such as protocol revenue or fee yield are not available on this site. The yield Neutrl describes comes from the strategies used to collateralize the token — funding rates and arbitrage spreads — rather than from fees charged to users in the conventional sense. The circulating supply stands at approximately 53,390,061.79 NUSD at the point-in-time snapshot, and supply has contracted by roughly 9.04 percent over the last 30 days, which is relevant context for understanding how much capital the protocol is currently deploying.