OTC Arbitrage: Crypto’s Best Kept Secret

"OTC arbitrage is crypto’s most profitable trade but it’s been off-limits to DeFi." - Behrin Naidoo, CEO/Founder, Neutrl Most onchain yield is fleeting and emission-driven. Neutral is changing that by tokenizing a proven institutional strategy: OTC arbitrage. By buying discounted tokens from foundations and shorting them on perpetual markets, Neutral generates real, delta-neutral stablecoin yield. This talk reveals how the strategy works, how big the opportunity is, and how Neutral plans to open it up to DeFi with a composable protocol and synthetic dollar. --- 00:00 Intro to Delta-Neutral Yield 00:34 Why Onchain Yield Fails 01:10 OTC vs. Spot Market Dislocation 01:40 Who Accesses OTC Deals Today 02:17 How Neutral Protocol Works 02:48 Discounted Token Buys + Perp Shorts 03:14 The Role of Perpetuals in Strategy 03:46 $6.5B in Synthetic Yield Tokens 04:14 $55B in Upcoming Token Unlocks 04:47 Real Returns from Past Neutral Trades 05:50 The Power of OTC Kickers 06:53 Partners Like Stix Drive Access 07:20 Yield in All Market Conditions 07:50 Launch Timeline and Composability Plans --- Explore Upcoming Events 👇 ➣ Stable Summit III: Devconnect • Website: https://www.stablesummit.xyz/ • Email: info@stablesummit.xyz • Apply to Speak/Sponsor: https://partyactionpeople.typeform.com/devconnect2025?typeform-source=www.stablesummit.xyz ➣ Stablecoin Summit: Singapore by XREX & Unitas • Website: https://stablecoinsummit.com/ • Email: team@stablecoinssummit.com • Apply to Speak/Sponsor: https://partyactionpeople.typeform.com/stblcoin3?typeform-source=stablecoinsummit.com ➣ Blockchain Oracle Summit: Devconnect • Website: https://blockchainoraclesummit.io/ • Email: info@partyactionpeople.com • Apply to Speak/Sponsor: https://partyactionpeople.typeform.com/BOS25apply ➣ Listen to the Stable School Podcast Link: https://stableschool.org/podcast ➣ Follow Stable Summit on X Link: https://x.com/stable_summit — About: By Stake Capital Group and Party Action People, and presented by Curve Finance, Stable Summit has been gathering leaders in stablecoins almost quarterly since 2023. Our content is curated through hours of one-on-one research with the leading minds in the stablecoin space. Each program is a highlight reel of what leaders in stables are curious about in real time. Our audience consistently features the full spectrum of the stablecoin ecosystem, from DeFi protocols to institutions, from stablecoin issuers to central banks, and every llama in between.