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Neutral Trade is the on-chain multi-strategy hedge fund, built by experienced quants and traders from Goldman Sachs and Top Global Hedge Funds

What HEY knows

Development

Dormant0 counted ships in 30 days; no meaningful ship recorded yet. Details

Build Momentum 0How it is measured

Token

No token tracked
Latest
FactToday: Links the official site declares changed: 2 added, 2 removed. Added docs link: docs.neutral.trade/for-capital-allocators/neutral-curated; docs link: docs.neutral.trade/for-capital-allocators/neutral-marketplace. Removed docs link: docs.neutral.trade/for-capital-allocators/usdc-yield/market-neutral/delta-neutr…; docs link: docs.neutral.trade/for-capital-allocators/usdc-yield/market-neutral/mid-frequen…. Evidence Source

Official site change, on the project’s own site · not an implementation HEY has seen

What this change is
What it names
Links the official site declares changed: 2 added, 2 removed. Added docs link: docs.neutral.trade/for-capital-allocators/neutral-curated; docs link: docs.neutral.trade/for-capital-allocators/neutral-marketplace. Removed docs link: docs.neutral.trade/for-capital-allocators/usdc-yield/market-neutral/delta-neutr…; docs link: docs.neutral.trade/for-capital-allocators/usdc-yield/market-neutral/mid-frequen….
Stage
A change to what the site says is not an implementation: HEY has not observed code, a release or a deployment for it.
Reported by
On the project’s own site. Reported in the team’s own source. No independent record HEY holds corroborates it.
Release and deployment
Not a release or a deployment.
Activity
No contract is tied to this change, so no product activity is attributed to it. Product usage is read on its own.
When
No source dates it: HEY first saw it on 2026-11-01.
Not known
  • HEY has not observed a deployment of this change.
  • No source dates it; when it happened is not known.

Evidence: sourcechange record

It says what HEY read in a public source. A source on record does not prove who runs the project.

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Product usage

Neutral Trade: TVL $1.7M · fees 24h not tracked · revenue 24h not tracked (DefiLlama, 2026-11-01). Registry context, not a measure of building.

Not yet known
Unknown4 gaps: Repositories (no source), Published packages (no source), API description (no source), Protocol economics (no source). No repository the project claims as its own.
Compare with…The same summary, with every line’s evidence: snapshot API
What HEY checked — why it says this
Dormant.
“Dormant” by the activity rule: 0 counted ships in the last 30 days.
SourceRepositories, changelogs and feeds HEY reads for this project, and the ship events recorded from them.ReadWhat HEY derivedHEY’s activity rule reads the counted events as “Dormant”.Not concludedIt says what HEY can read of the building, not how good the project is, who is behind it, or what its token will do. Quiet or unknown is not "abandoned".
Research coverage: HEY can answer 6 of the 10 research questions that apply.
6 of 10 applicable dimensions measured.

Identity

  • IdentityMeasuredRead 45d ago.

Building

  • Building activityMeasuredRead 3h ago.
  • RepositoriesNo sourceNo repository the project claims as its own.
  • ReleasesMeasured
  • TimelineMeasured

Official site

  • Official docsMeasuredRead 5h ago.
  • API descriptionNo sourceIts website links no API description.
  • Official site changesMeasuredRead 6d ago.

Code and packages

  • Published packagesNo sourceNo repository the project claims as its own.

Protocol economics

  • Protocol economicsNo sourceDefiLlama lists the protocol but tracks no fees, revenue or volume for it.

Not applicable here: Repository details, Package advisories, Contract creation, Contract activity, Published source code, Contract interface, Current market, Market history, Supply distribution, Locks, Market checks.

A count of what HEY has read, never a score: projects are not compared or ordered by it. Unknown is never zero. The same states: coverage API.

Market figures are context only and never change activity status. Methodology

Latest ship

Checked

HEY has not recorded a source-backed update for this project yet.

Builder activity

No meaningful, source-backed updates in the 7 weeks since HEY began reading this project’s sources; earlier weeks are not yet read.

Build timeline

  1. Neutral Trade in September and October 2026

    AnnouncementSource-backed

    Two new strategies, the SOL Yield Vault and CTA · Momentum LongShort, Autopilot on Ethereum, no deposit locks, one fixed redemption schedule, a fourth security audit and Neutral Marketplace. Two months of Neutral Trade in one place. Show all
    • Two new strategies, the SOL Yield Vault and CTA
    • Momentum LongShort, Autopilot on Ethereum, no deposit locks, one fixed redemption schedule, a fourth security audit and Neutral Marketplace. Two months of Neutral Trade in one place.
  2. Derek on the Record: Every Interview, Podcast, Space and Panel

    AnnouncementSource-backed

    Every interview, podcast, X Space and panel with Neutral Trade Co-Founder and CEO Derek on bringing hedge-fund-style quant strategies on-chain.

  3. Delta Neutral Arbitrage: A Deep Dive Into the Strategy

    AnnouncementSource-backed

    The three strategies Delta Neutral Arbitrage runs, where the return comes from, the asset profile, and how risk is managed, explained by curator Velox Trading Group with live vault data.

  4. Neutral Trade in August 2026

    AnnouncementSource-backed

    Our busiest month yet: a new investment from YZi Labs through EASY Residency Cohort 4, the VIP Club and Builders Code go live, one standard 1% management fee, a vault filled to its 2.5M USDe cap on Accountable — and 30-day performance across every live strategy.

  5. Neutral Autopilot Is Live

    AnnouncementSource-backed

    One deposit, allocated across our live market-neutral strategies, rebalanced as conditions change. No annual service fee until 1 September, and 2x NT Points on every deposit.

  6. Key Design Considerations for Neutral Autopilot

    AnnouncementSource-backed

    Co-Founder & CEO Derek Lee on what sits underneath Autopilot: custody that never leaves the vault, individual high-water marks, verified reporting, and why we picked fair over simple.

  7. Neutral Autopilot: The On-Chain Multi-Strat Vault

    AnnouncementSource-backed

    Where the yield actually comes from, how a trading firm earns a place in the portfolio, and why we run many managers instead of one · the 30-year-old model we're porting on-chain. Show all
    • Where the yield actually comes from, how a trading firm earns a place in the portfolio, and why we run many managers instead of one
    • the 30-year-old model we're porting on-chain.
  8. Neutral Autopilot: An Intelligent Capital Management Layer for Unified CeDeFi Operations

    AnnouncementSource-backed

    Behind the single unified account: multi-exchange liquidity integration, separated custody and execution permissions, automated cross-platform capital allocation, and NAV risk controls.

Earlier ships (17)
  1. Neutral Autopilot: The Product Looks Simple. This Was the Work.

    AnnouncementSource-backed

    Autopilot is a vault that deposits into other vaults · and vault-on-vault, done naively, breaks fees, timing, and capital efficiency. Here's what fixing each one actually took. Show all
    • Autopilot is a vault that deposits into other vaults
    • and vault-on-vault, done naively, breaks fees, timing, and capital efficiency. Here's what fixing each one actually took.
  2. Neutral Autopilot: Risk Management, Monitoring, Rebalancing & Strategy Allocation

    AnnouncementSource-backed

    How Autopilot monitors portfolio exposure, when rebalancing triggers, and how the optimization layer decides which strategies receive capital.

  3. The Future of Active Management [2]: Why Should Finance Live On-Chain

    AnnouncementSource-backed

    Hong Kong’s 2021–2024 Wake‑Up Call: “Crypto Risk” Was Often Counterparty Risk

  4. How to Make Your Money Work for You: Putting Idle Cash to Work

    AnnouncementSource-backed

    Wealth building is mostly one habit: never let capital sit idle. A practical guide to compounding, automation, and asset allocation for cash — including the on-chain version.

  5. US Stablecoin Law and Yield: What the GENIUS Act Changed, and Where CLARITY Stands

    AnnouncementSource-backed

    The GENIUS Act stopped regulated stablecoin issuers from paying interest — and pushed the search for yield elsewhere. The CLARITY Act, still unfinished, would decide who can offer that yield. Here is the accurate status of both.

  6. The Future of Active Management [1]: Why "Fintech Wrappers" Aren't Enough

    AnnouncementSource-backed

    Hong Kong has world-class fintech distribution—but most wins still sit on legacy rails. Part one: why wrappers hit a ceiling, and why verifiable infrastructure is the next phase.

  7. Is Neutral Trade Legit? How to Verify Everything Yourself

    AnnouncementSource-backed

    Fair question — you should ask it about every platform that touches your money. Here is what Neutral Trade is, who is behind it, what has been audited, and how to check every claim independently.

  8. Future of Active Portfolio Management

    AnnouncementSource-backed

    TradFi stacks intermediaries to manufacture trust. Smart contracts and vaults move enforceable rules on-chain—Neutral Trade’s bet on scalable, transparent quantitative active management.

  9. Delta Neutral Fundamentals

    AnnouncementSource-backed

    The Power of Staying Neutral

  10. Crypto Interest Rates in 2026: Where Yield Actually Comes From

    AnnouncementSource-backed

    Crypto has its own interest-rate market, set by borrowing demand and trader positioning rather than central banks. Understanding the three rate sources tells you which yields are real.

  11. Building Institutional Trust with CeDeFi

    AnnouncementSource-backed

    Understanding CeFi, DeFi and CeDeFi

  12. Stablecoins in Everyday Transactions

    AnnouncementSource-backed

    The Rise of Stablecoins in Payments

  13. Stablecoin vs Savings Account: Yield, Risk and Insurance

    AnnouncementSource-backed

    Stablecoin vs savings account: where the yield comes from, what is insured, how fast you can withdraw, and when each one is the right home for your cash.

  14. The Importance of Diversification In Trading Strategies

    AnnouncementSource-backed

    In financial markets, one principle has stood the test of time: diversification. Relying on a single strategy is a recipe for volatility, drawdowns, and inconsistent returns.

  15. Why Quantitative Strategies Outperform Human Trading in Crypto

    AnnouncementSource-backed

    Cryptocurrency markets have created life-changing wealth · and destroyed it just as quickly. Show all
    • Cryptocurrency markets have created life-changing wealth
    • and destroyed it just as quickly.
  16. How to Generate Passive Income: Earning While You Sleep, On-Chain

    AnnouncementSource-backed

    Passive income is any return that keeps accruing without your daily attention. Here is what genuinely hands-off yield generation looks like — and how to tell it apart from a second job in disguise.

  17. Why We Built Neutral Trade

    AnnouncementSource-backed

    DeFi needed more than wrappers: a Millennium-style multi-strategy stack on-chain—transparent vaults, real yield, and rails for traders and allocators without the legacy fund tax.

Other changes on HEY’s record

96 changes on HEY’s record for Neutral Trade: 49 official source changes · 47 other ships.

  • Official source changed · 13 official source changes

    Links the official site declares changed: 2 added, 2 removed. Added docs link: docs.neutral.trade/for-capital-allocators/neutral-curated; docs link: docs.neutral.trade/for-capital-allocators/neutral-marketplace. Removed docs link: docs.neutral.trade/for-capital-allocators/usdc-yield/market-neutral/delta-neutr…; docs link: docs.neutral.trade/for-capital-allocators/usdc-yield/market-neutral/mid-frequen…

    See the change for Official source changed Source for Official source changed

  • Official source changed · 5 official source changes

    Links the official site declares changed: 2 added, 2 removed. Added docs link: docs.neutral.trade/for-capital-allocators/neutral-curated; docs link: docs.neutral.trade/for-capital-allocators/neutral-marketplace. Removed docs link: docs.neutral.trade/for-capital-allocators/usdc-yield/directional; docs link: docs.neutral.trade/for-capital-allocators/usdc-yield/rwa

    See the change for Official source changed Source for Official source changed

  • Official source changed · 2 official source changes

    Links the official site declares changed: 2 added, 2 removed. Added docs link: docs.neutral.trade/for-capital-allocators/neutral-curated; docs link: docs.neutral.trade/for-capital-allocators/neutral-marketplace. Removed docs link: docs.neutral.trade/for-capital-allocators/usdc-yield/market-neutral/delta-neutr…; docs link: docs.neutral.trade/for-capital-allocators/usdc-yield/market-neutral/mid-frequen…

    See the change for Official source changed Source for Official source changed

All 96 changes for Neutral Trade →

The full change record holds 35 more, of kinds this list leaves out — new locks, unlock reminders and HEY’s own research bookkeeping among them. Full record (JSON)

Questions HEY can answer about Neutral Trade — as of 1 Nov

Show the answers
Is Neutral Trade still being built?
DerivedDormant: 0 counted ships in 30 days; no meaningful ship recorded yet. Details
What does HEY not know about Neutral Trade?
Unknown4 gaps: Repositories (no source), Published packages (no source), API description (no source), +1 more. No repository the project claims as its own.

Sources

38 places HEY reads for Neutral Trade
32 more sources (docs)