Ask about Neutral Trade · freeTotal Value Locked$23.21m
TVL by Chain
Solana$21.24m
Robinhood Chain$1.75m
Ethereum$207,517
Monad$9,994
Key Metrics
Fees 30d-$30,197
Fees 30d by chain
Solana$12,079
Fees 7d$2,887
Solana$2,887
Fees 24h$413
Solana$413
Cumulative Fees-$27,055
Solana$22,457
Revenue 30d$12,474
Revenue 30d by chain
Solana$12,474
Revenue 7d$2,887
Solana$2,887
Revenue 24h$413
Solana$413
Cumulative Revenue$23,647
Solana$23,647
Total Raised$2.5m
May 31, 2025$2mRound: Investors: Skyland Ventures, Ergonia, BlackPine, Enzyme, Monke DAO
Aug 26, 2026$500,000Round: Investors: YZi Labs
Protocol Information
Neutral Trade is the on-chain multi-strategy hedge fund, built by experienced quants and traders from Goldman Sachs and Top Global Hedge Funds
Methodology
TVL: The combined TVL and PnL of public and private vaults. Kamino USDC Max Yield uses its onchain prevAumSf, converted from fixed point to underlying token units. Accountable strategies resolve their vaults onchain via vault(); each vault's totalSupply is converted to underlying assets via convertToAssets. These positions overlap with Kamino Lending and Accountable's TVL and borrowed assets.View code on GitHubFees: Total value generated by Neutral Trade vaults: depositor yield from price-per-share growth plus management and performance fees.View code on GitHubRevenue: All management and performance fees accrue to the vault managers and protocol.View code on GitHubYields
Pools Tracked8
Average Supply APY8.52%
Competitors
Neutral Trade history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 23, 2024 to Oct 27, 2026.
All-time high TVL: $63.67m on Oct 5, 2025. All-time low TVL: $10.44m on Jul 14, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $23.96m |
| Sep 29, 2026 | $23.93m |
| Sep 30, 2026 | $23.96m |
| Oct 1, 2026 | $24.05m |
| Oct 2, 2026 | $24.05m |
| Oct 3, 2026 | $24.8m |
| Oct 4, 2026 | $24.81m |
| Oct 5, 2026 | $24.77m |
| Oct 6, 2026 | $24.83m |
| Oct 7, 2026 | $24.64m |
| Oct 8, 2026 | $24.36m |
| Oct 9, 2026 | $22.11m |
| Oct 10, 2026 | $24.42m |
| Oct 11, 2026 | $24.41m |
| Oct 12, 2026 | $24.27m |
| Oct 13, 2026 | $24.21m |
| Oct 14, 2026 | $23.88m |
| Oct 15, 2026 | $23.49m |
| Oct 16, 2026 | $23.64m |
| Oct 17, 2026 | $23.18m |
| Oct 18, 2026 | $23.04m |
| Oct 19, 2026 | $23.01m |
| Oct 20, 2026 | $22.54m |
| Oct 21, 2026 | $23.19m |
| Oct 22, 2026 | $23.26m |
| Oct 23, 2026 | $23.26m |
| Oct 24, 2026 | $23.32m |
| Oct 25, 2026 | $23.07m |
| Oct 26, 2026 | $23.07m |
| Oct 27, 2026 | $23.06m |
TVL at each month end, Dec 2024 to Oct 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $19.95m |
| Jan 31, 2025 | $34.76m |
| Feb 28, 2025 | $51.65m |
| Mar 11, 2025 | $50.87m |
| Apr 30, 2025 | $34.42m |
| May 31, 2025 | $23.04m |
| Jun 30, 2025 | $16.07m |
| Jul 16, 2025 | $18.29m |
| Aug 31, 2025 | $58.71m |
| Sep 30, 2025 | $61.2m |
| Oct 31, 2025 | $52.38m |
| Nov 30, 2025 | $45.96m |
| Dec 31, 2025 | $43.71m |
| Jan 31, 2026 | $41.88m |
| Feb 28, 2026 | $49.32m |
| Mar 31, 2026 | $47.13m |
| Apr 30, 2026 | $14.33m |
| May 31, 2026 | $13.81m |
| Jun 30, 2026 | $11.84m |
| Jul 31, 2026 | $12.25m |
| Aug 31, 2026 | $13.27m |
| Sep 30, 2026 | $23.96m |
| Oct 27, 2026 (latest) | $23.06m |
Fees and revenue by UTC calendar month, Aug 2026 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Aug 2026 | $1,439 | $1,439 |
| Sep 2026 | $2,895 | $10,926 |
| Oct 2026 (to date) | -$31,389 | $11,282 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/neutral-trade
Frequently asked questions
What is Neutral Trade's TVL?
As of Oct 27, 2026, Neutral Trade has $23.21m in total value locked. TVL has increased 1.3% over the past 30 days.
What chains does Neutral Trade operate on?
Neutral Trade operates on 4 chains: Solana, Robinhood Chain, Ethereum, and Monad. Solana holds the largest share at 91.5%.
How much has Neutral Trade generated in fees and revenue?
Over the past 30 days, Neutral Trade generated -$30,197 in fees. Of that, $12,474 was protocol revenue. Based on the trailing year, the annualized rate is -$151,924 in fees and $132,787 in revenue.
How does Neutral Trade's TVL compare to similar protocols?
Among Onchain Capital Allocator protocols tracked by DefiLlama, Neutral Trade ranks #23 by TVL. The category holds $9.325b across 85 protocols, and Neutral Trade accounts for 0.2% of that total. Similar protocols include Upshift, Mellow Core, Lagoon, IPOR Fusion, Spark Liquidity Layer, Veda, Grove Finance, D2 Finance, Agua, and Sherpa.
How many yield pools does Neutral Trade have?
DefiLlama tracks 8 Neutral Trade yield pools with an average APY of 8.5%.