Behrin is the Founder of Neutrl Labs. In this episode, Behrin reveals how Neutrl is bringing a new yield to DeFi with asymmetric stablecoin returns powered by OTC arb strategies. We explore how their synthetic dollar NUSD and the yield-bearing form sNUSD work, why it reminds us of Ethena, and what makes their approach stand out in today’s market. ------ 🔗 Essential Show Links 🔗 ► Newsletter: https://the-edge.xyz ► Youtube: https://youtube.com/@DeFiDad ► Apple: https://tinyurl.com/edgepod ► Spotify: https://tinyurl.com/edgepodspotify ► Linktree: https://linktr.ee/edge_pod ► Follow DeFi Dad: https://x.com/DeFi_Dad ► Follow Nomatic: https://x.com/Nomaticcap ► Learn DeFi: http://defidad.com/ ------ The Edge Podcast Sponsor Resources ♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE ♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS 🌞 SOLSTICE | PERMISSIONLESS INSTITUTIONAL YIELD 🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET 🦅 FALCON | OVERCOLLATERIZED SYNTHETIC DOLLAR - POINTS PROGRAM NOW LIVE 🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE 🐡 PUFFER INSTITUTIONAL | STAKING SOLUTIONS FOR INSTITUTIONAL SCALE 🌊 RIVER | A CHAIN-ABSTRACTION STABLECOIN SYSTEM ⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED ------ Timestamps 0:00 - Intro 7:46 - Behrin’s background 8:54 - Overview of OTC arbitrage strategy 10:50 - The mission at Neutrl 12:44 - The market conditions for Neutrl’s trading strategies 14:23 - Who does Neutrl work with? 15:40 - Average duration and terms for OTC deals underpinning Neutrl 16:37 - Example of a Neutrl strategy 19:15 - Sponsor break 20:15 - Will Neutrl strategies work in a bull, bear, flat market? 21:49 - Can Neutrl’s trading system benefit foundations selling tokens? 23:55 - Composition of Neutrl’s yield strategies 25:42 - Could a token dumping benefit the Neutrl OTC strategy? 29:07 - Which tokens fit Neutrl’s criteria for the strategy? 30:57 - Dumbing down the Neutrl OTC arb 32:36 - Sponsor break 33:55 - Understanding NUSD vs sNUSD for users 35:22 - Do sNUSD holders have to lock for any duration? 41:45 - Thoughts on Neutrl’s future yield distribution 43:40 - Future yield strategies for Neutrl 44:41 - How scalable is the Neutrl system for sNUSD? 46:11 - Closing ------ 🔗 Guest Links 🔗 ► Neutrl website: https://www.neutrl.fi/ ► Neutrl on X: https://x.com/neutrl_labs ► Behrin on X: https://x.com/behrin_n ------ All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
