Behrin
@behrin_n
Founder @neutrl_labs | billionaire bankers to defi degens | prev @jpmorgan , @pwc
Altcoin open interest (OI) has surged past $40B, marking a near 2.7x increase from its March lows, but this time it is different. OI $40 billion is a headline number but the deeper signal is the return of reflexive leverage to altcoin markets. We have entered a risk-on regime…
1/ Altcoin OI Down 50% from Peak – Funding Rates will Reset Open interest (OI) for the top 100 altcoins (exc. ETH) has fallen 50% from the peak of $40B in Dec '24 to under $20B now. This sharp decline reflects reduced liquidity and fewer marginal buyers in the market. Low…
First audit for @neutrl_labs done. Impressive performance from @Ikigaieuh. Two more to go. We are not sleeping. We are pushing to open this to public, but we will not unless the protocol smart contract security is good.
ETH pumping - TradFi Lee, Lubin Dino coins pumping - Algos, XRP $120m ETF flows, boomers All good reasons. Without actual capital buying, no your altcoin is not going to pump. Sorry.
Polychain just sold their TIA bag OTC. OTC arbitrage delta neutral return probably around 25% taking into account funding.
⚡ @behrin_n of @neutrl_labs broke down how OTC arbitrage unlocks delta-neutral yield most of DeFi can’t access. With $55B in unlocks coming, token discounts plus perp shorts might be crypto’s best kept trade. Get the insights on synthetic yield: youtu.be/suUS6SYUsmE
gNeutrl
One concern of mine is that we have simply run out of crypto-native capital to bid alts beyond prior cycle peaks. If we look at total alt notional market cap peak in Q4'21 and Q4'24 it tops out at roughly the same number: just under $1.2 trillion. Adjusted for inflation its…
how neutrl’s early LPs look at us when they hear the projected delta neutral yield
last week i resigned from @morpholabs 🦋 to join @neutrl_labs 🍀 a bit of omc.sh lore: > in high school i was bored so i taught myself adobe suite (photoshop, illustrator, etc.) and started selling logos & webdesigns on the esports market via twitter. > tired…
One area of crypto mkt structure that seems very opaque and weird to me still is market maker <> token issuer / foundation relationships. I would guess this is responsible for a lot more issues than it gets credit for. Feels like in the last year there have been several "our…
People do not realise how bullish this is. Flood really never had to work again but doesn’t stop. Hyperliquid.
The only way you can get even longer HYPE when you've already used all your money to buy it is to build on top of it. We're building @fullstack_trade. Heads down for a bit. Will be hiring a lot for in Person New York Jobs for both FE, BE and Blockchain Engineers. Stay tuned.
1/ Altcoin OI Down 50% from Peak – Funding Rates will Reset Open interest (OI) for the top 100 altcoins (exc. ETH) has fallen 50% from the peak of $40B in Dec '24 to under $20B now. This sharp decline reflects reduced liquidity and fewer marginal buyers in the market. Low…
Neutrl: VC 토큰을 공매도 전략을 갖는 스테이블코인 크립토 OTC 시장은 2024년 약 100억 달러 규모로 추산되며, 주로 프로젝트 재단이나 초기 투자자가 보유한 물량을 기관 투자자에게 할인 판매하는 형태입니다. 일반적으로 10-30% 할인율과 6개월-2년 락업 조건이 적용됩니다. 기존에는 Alameda…
x.com/i/article/1945…
Neutrl: OTC 시장을 통해 새로운 일드를 개척하다 기존 스테이블코인의 0% 수익률 한계를 극복하려는 혁신 모델들이 등장했습니다. Ethena USDe는 델타-뉴트럴 전략으로 세계 4위 스테이블코인이 되었고, Neutrl NUSD는 기관 전용 OTC 거래를 대중화하려 합니다. feeder.media/feed/2583
there is (clearly) almost no #ETH available for sale on Wintermute OTC desk