DeFi protocol Neutrl completes $5 million seed round of financing

DeFi protocol Neutrl has announced the completion of a $5 million seed round of financing, with digital asset private placement market STIX and venture capital firm Accomplice leading the investment, and many cryptocurrency angel investors such as Amber Group, SCB Limited, Figment Capital, and Nascent participating, including Ethena founder Guy Young and derivative trader Joshua Lim from Arbelos Markets (recently acquired by FalconX). It is reported that Neutrl's protocol investment structure is based on buying altcoins at a discount in the private placement market, and then hedging risk exposure with perpetual contracts.