DeFi deal Neutrl completes $5 million seed round financing
According to online reports, DeFi agreement Neutrl announced the completion of a US$5 million seed round of financing, led by digital asset private equity market STIX and venture capital firm Accomplice, with many cryptocurrency angel investors such as Amber Group, SCB Limited, Figment Capital and Nascent participating, including Ethan founder Guy Young and Joshua Lim, derivatives trader at Arbelos Markets (recently acquired by FalconX). It is reported that Neutrl's agreed investment structure is based on buying locked altcoins at a discount in the private equity market and then using perpetual contracts to hedge risk exposure.
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