nGLP Delta Neutral Vault V2 Update Alpha 🚀

Go to Delta Neutral GLP Strategy V1 🔥

What is Different in V2?

Coworking & Partners & Audit

Firstly we would like to thank GMX, RoboLabs, and CertiK in making all this happen 🙏

• GMX has helped us in many ways — if not all — regarding the updates in vault features.
• We are closely cooperating with RoboLabs (formerly Robovault) to perfect every nook and cranny of our vault(s) — even those that are to come in the future!
• CertiK is working with us to ensure safety and stability of our vault.

Vault Features

Instant deposit & withdraw ⏰

The primary version of the nGLP vault had batch & epoch policies to save on execution fees and reduce risks of failed transactions. Now, with the help of GMX & their devs, we eliminated this process. Now, you can deposit and withdraw your funds without any pending processes. Your funds will be in and out from the vault within seconds!

GLP deposit 💵

With much request from our community, we included GLP deposit to our funds in our major update. In nGLP Vault V2, not only you can deposit $DAI as your investment funds, but also GLP deposit has been made available!

Improved liquidity efficiency & more APR 😘

The leverage of short positions opened on GMX to hedge out the GLP delta exposure has been increased from 5.5x → 8x. And do note that, if more funds are allocated to buy more GLP, this leads to MORE APR!

Leveraging your position to 8x is risky when you do it alone, but with Neutra Finance, you can sit back and relax while the strategy vault rebalances most optimally according to your funds 😉

*We are also implementing features to improve our rebalancing mechanism in order to hedge out the volatility better.

UI/UX

Stats page & Vault page renewal 👀

Have you ever wondered what the specific numbers were behind the vault strategy? Well now, you can find all about our nGLP vault via our Stats page.

In addition, a simplified version can also be found on the vault page itself. Now, upon entering the dedicated nGLP vault page, you will know the nGLP price and the Total APR over time at a glance

Landing page renewal 💡

Our Landing page will be renewed to highlight the main updated features of the nGLP Delta Neutral Vault V2.

NEU Tokenomics Update🔥

NEU’s supply has always been limited, and with the implementation of NEU BURN policies, NEU token is now officially deflationary!

Floor Price Fund update 📈

• The floor price for NEU has been changed from $0.65 → $1.
• 90% of the funds will be managed to create a revenue stream for FPF.
• Read more about the updated Floor Price Fund details in our documentation.

NEU Burner open 🔥

• A portion of the Treasury will be directed to be managed in the nGLP vault. Named the NEU burner, the rewards from this managed funds will be used to buy NEU tokens from the market and burn them.
• DAI rewards will be used to buy back NEU tokens from the market.
• esNEU rewards will be burned.
• Same amount of NEU as the esNEU amount from rewards will be burned.
• Read more about the updated NEU Burner details in our documentation.

NEU Pool transition 🚀

• With the markets starting to rise and in excitement for the Arbitrum Summer, the protocol-owned liquidity (POL) currently held as NEU-USDC LPs will be removed and switched to the NEU-ETH pool over the course of next week.

If you have any inquiries, feedbacks, partnership proposals feel free to contact the team via Discord or official@neutra.finance !

Official Links
Website | Discord | Twitter | Documentation