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Market Neutral Yield ETH (MNYe)
The Market Neutral Yield ETH (MNYe) token from the Index Coop automates a continuous basis trading strategy that returns a historically high, price neutral yield to token holders. Built using Set’s integration with Perpetual Protocol on Optimism, MNYe contains a fully hedged ETH position, with equivalent spot exposure and short exposure via perps. Token holders will earn a variable USDC return when the funding rate is positive, while removing all exposure to price volatility of the underlying asset. For interest, please contact: [email protected]
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About
Objective
The Market Neutral Yield ETH Index from the Index Coop enables token holders to access a price neutral, stablecoin-denominated yield by automating a basis trading strategy on the Perpetual Protocol ETH market.
MNYe has several key features: