TechFlow news, April 16 — According to CoinDesk, DeFi protocol Neutrl announced it has raised $5 million in a seed funding round led by digital asset private market STIX and venture capital firm Accomplice. Numerous crypto angel investors participated, including Amber Group, SCB Limited, Figment Capital, and Nascent, as well as Guy Young, founder of Ethena, and Joshua Lim, derivatives trader at Arbelos Markets (recently acquired by FalconX). Neutrl’s protocol investment structure involves purchasing locked altcoins at a discount on private markets and then hedging exposure using perpetual contracts.
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