Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$12.94KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $12.94K | -- | -- | -- |
| Sep 2026 | $10.92K | -- | -- | -- |
| Aug 2026 | $1.43K | -- | -- | -- |
Comparison
Follow Updates
Follow Lists
People
About Neutral Trade
Neutral Trade is a multi-strategy on-chain fund on Solana: users deposit USDC into non-custodial vaults, and strategy contracts build hedged positions between spot and perpetual markets on Drift. The flagship JLP Delta Neutral Vault holds Jupiter liquidity provider tokens and shorts BTC, ETH and SOL perpetuals on Drift cross margin to strip out directional exposure, earning JLP trading and borrowing fees plus perpetual funding; vault shares are priced by NAV, with a 1% management fee, 20% performance fee and twice-weekly redemption.
It sits between DeFi yield aggregators and hedge funds: unlike Yearn-style aggregators it trades actively rather than allocating passively, and unlike an offshore fund its positions and NAV can be checked on-chain. The line now covers market neutral, yield enhancement, indexes, private credit and savings, with some strategies executed on Binance, OKX and Hyperliquid. Redemption settles twice a week, so capital stays exposed between request and receipt, and JLP vault returns are tied to Jupiter volumes and Drift funding rates.
Neutral Trade, an on-chain multi-strategy hedge fund built on Solana, has reached several milestones with long-term significance.
First, the platform completed a $2 million financing round, backed by investors including Perena, Drift, and Pyth. This funding validated the project's vision of democratizing access to institutional-grade quantitative strategies and provided the resources to build out its infrastructure.
Second, the launch of Neutral Autopilot marked a pivotal evolution. This multi-strategy vault allocates user deposits across multiple independent trading firms—such as options market makers and arbitrage desks—with rebalancing based on market conditions. It embodies the platform's core principle of risk containment through diversification and rigorous manager selection.
Underpinning these developments is a disciplined framework: strategies must pass a six-dimension scoring system (minimum 3.5/5), demonstrate verifiable live track records with daily PnL, and undergo full KYB checks. The platform also deploys its own treasury into strategies before accepting user capital, ensuring alignment of interests. With over $2.5 million USDe in vaults and $200 million in cumulative deposits, Neutral Trade is steadily building a transparent, on-chain alternative to traditional hedge funds.
On 26 August 2026 Neutral Trade took $500,000 from YZi Labs through the fourth EASY Residency cohort, a small cheque that nonetheless moved it from another Solana vault aggregator to a more visible position. The same month it launched Neutral Autopilot, where a single USDC deposit is allocated across live market-neutral strategies and rebalanced as conditions change, with no annual fee until 1 September and double points on deposits. A VIP Club and Builders Code followed, the latter rebating part of the management fee to distribution partners.
Neutral Trade's business is more interesting than the round. The platform runs nine to thirteen strategies from thirteen quant teams across funding-rate arbitrage, options market making, high-frequency multi-factor, CTA, indexes and private credit, with a flat 1% management fee, performance fees from zero to 35% depending on the vault, and a 0.3% withdrawal fee; since 12 October redemptions follow fixed weekly schedules, with requests accepted any day but settled at the next cutoff. The team comes from Goldman Sachs and large hedge funds, custody partners include Copper, Ceffu and Fordefi, and Halborn, Quantstamp and Offside Labs have audited the contracts. Cumulative deposits exceed $200 million against roughly $24 million of current TVL spread over Solana, Robinhood Chain, Ethereum and Monad, with about $12,000 of 30-day protocol revenue, which says it has solved 'people will deposit' but not yet 'fee revenue at scale'.
Neutral Trade's Future strategy and roadmap: turn Autopilot into yield-as-a-service for wallets and neobanks, expand white-label output, and set clear expectations for NT token and points conversion. The real constraint is strategy capacity, since neutral returns dilute as assets grow, so faster expansion demands more strategy sources.
Derek Lee — Co-Founder & CEO; leads platform strategy and institutional partnerships.
Peter Chau — Co-Founder & CIO; oversees quantitative strategies and vault management.
Neutral Trade recent team changes: Co-founder and Director of Product Robin Guyard departed in August 2026, having served from September 2024 to August 2026. Meanwhile, Vincent Leow joined in June 2026 as Lead Engineer. This turnover indicates adjustments in product and technical leadership.