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The Delta Neutral GLP vault competition is increasing every week
A new protocol Neutra Finance @Neutrafinance is coming to Arbitrum in Q1 2023
Let's take a look at what they can offer
👇🧵
A new protocol Neutra Finance @Neutrafinance is coming to Arbitrum in Q1 2023
Let's take a look at what they can offer
👇🧵
1/
Neutra Finance is a Delta Neutral $GLP Vault built on top of $GMX
Deposit USDC in the vault and the protocol deposits it into GLP and returns yield to the users
But what makes it different from all the other Delta Neutral GLP vaults?
Neutra Finance is a Delta Neutral $GLP Vault built on top of $GMX
Deposit USDC in the vault and the protocol deposits it into GLP and returns yield to the users
But what makes it different from all the other Delta Neutral GLP vaults?
2/
It hedges GLPs ETH and BTC exposure by going short on GMX with an estimated leverage of 5.5x
This means all operations are done within the GMX protocol which reduces smart contract risk compared to other DN Vaults using multiple protocols
It hedges GLPs ETH and BTC exposure by going short on GMX with an estimated leverage of 5.5x
This means all operations are done within the GMX protocol which reduces smart contract risk compared to other DN Vaults using multiple protocols
