ChainCatcher reports that, according to CoinDesk, DeFi protocol Neutrl has announced the completion of a $5 million seed funding round, led by digital asset private market STIX and venture capital firm Accomplice, with participation from numerous crypto angel investors including Amber Group, SCB Limited, Figment Capital, and Nascent, as well as Ethena founder Guy Young and derivatives trader Joshua Lim from Arbelos Markets (recently acquired by FalconX).
According to Web3 asset data platform RootData, Neutrl is a high-yield synthetic dollar protocol that uses over-the-counter arbitrage strategies to obtain scalable, market-neutral returns in the Altcoin market.
