How Neutrl Works
Typical Neutrl user flow: 1) Deposit → mint nUSD 2) Stake → earn sNUSD yield 3) Lock → boost rewards.
NUSD Issuance & Redemption
Deposit collateral
- Eligible assets: USDC, USDT, USDe
- Any time you deposit one of these tokens to the Router Contract, the system settles your deposit onchain.
Receive the receipt token
- The router mints NUSD 1 : 1 against your collateral and returns it to your wallet in the same transaction.
Institutional custody & deployment
- Collateral routes to segregated vaults at institutional custodians (Fireblocks, Copper, Ceffu etc.).
- From there it is deployed into delta-neutral, duration-matched strategies that power the protocol's yield engine.
Unmatched liquidity
- NUSD is an ERC20, with plug-and-play across CEX margin accounts, DeFi money-markets and onchain primitives.
- Fast redemptions plus full backing make it “blue-chip” collateral wherever dollars are needed.
Staking NUSD → sNUSD
Stake
- Stake your NUSD into the Staking Contract to convert it into sNUSD.
Earn the Neutrl rate
- All protocol income - basis arbitrage, OTC carry, onchain reference yield pools - flows to the yield pool.
- Every epoch the pool re-indexes sNUSD balances upward
Locking NUSD / sNUSD / LP tokens
Choose a lock tenor
- Lock assets for 6 to 12 months inside the Locking Contract.
Boost your rewards
- Longer locks earn higher points → a larger slice of future emissions & incentive campaigns.
Future-proof distribution
- The protocol may evolve to a weighted-average maturity model, seamlessly routing more yield toward longer-dated lockers to keep duration perfectly balanced.