# Neutrl

> Track Neutrl with daily standardized on-chain data. Compare Neutrl with other stablecoin issuers. See charts, financial statements and datasets in one place.

Source: [Neutrl on Token Terminal](https://tokenterminal.com/explorer/projects/neutrl). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Stablecoin issuers
- Chains: ethereum

## About

### What it is

The protocol creates NUSD, an institutional-grade synthetic dollar backed by delta-neutral strategies and OTC crypto assets, along with sNUSD, a liquid staking version that generates enhanced yields. Neutrl focuses on delivering stable, transferable, yield-generating assets by harnessing exclusive OTC market strategies and maintaining full DeFi composability.

### Who uses it

Neutrl is a DeFi protocol that develops crypto-native yield products built around synthetic stablecoins backed by market-neutral strategies.

### How it works

The protocol operates through a three-step process where users deposit stablecoins for NUSD, stake NUSD to mint yield-bearing sNUSD, and commit protocol assets for enhanced returns. Neutrl maintains stability through delta-neutral hedging using derivatives and perpetual futures, OTC asset purchases at discounts, overcollateralization, and transparent on-chain proof systems including ZK-proofs and third-party audits.

## Metrics

Token Terminal tracks these metrics for Neutrl daily. Each page has a chart with the full history.

- [Outstanding supply](https://tokenterminal.com/explorer/projects/neutrl/metrics/outstanding-supply)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/neutrl/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/neutrl/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/neutrl/metrics/active-addresses-monthly)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/neutrl/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/neutrl/metrics/gas-used)

## Links

- [website](https://neutrl.finance)
- [twitter](https://x.com/neutrl)