Decentralized finance opens opportunities for gaining returns on crypto investments. Unfortunately, such opportunities are located on different chains and projects, their reliability is sometimes questionable, and diving into new ecosystems takes time users rarely have. Many individuals prefer hodling and keeping all the assets in their wallets or not even entering the growing market. With Neuron Fund, they can gain returns on their hodled assets within the risk preferences they choose.
Neuron Fund is a decentralized fund leveraging liquidity, options and trading strategies to deliver attractive risk-adjusted performance on crypto and stablecoins.
Neuron Fund makes quality investment fund services available for those who keep their wealth in the blockchain. The project starts with several different investment venues that generate a return on the client’s assets. The ultimate goal is to make fund services state-independent, decentralized and inclusive. For that matter, the project recently attracted $500,000 in private funding from a range of investors.
Option pools: Auto-trade options to gain yield with selling options
An option is a derivative product that gives a right to buy or sell a specific underlying asset at an agreed price on a certain date. As with other derivatives, an option is security derived from another security, which can be a currency, a commodity or a rate, among others. Options are backed by collateral of the existing securities — in the case of Neuron, these are crypto assets such as Wrapped Bitcoin (wBTC), Ether (ETH), stablecoins, Uniswap (UNI) and Chainlink (LINK), as well as Aave shortly.
Neuron Fund collaborates with several DeFi option protocols such as Opyn, Hegic and Lyra and is open to new integrations to create attractive option-based products.
The project will also host a 24-hour long token auction on Aug. 31, offering users an opportunity to buy Neuron Fund’s NEUR tokens with a beneficial discount.
Secure liquidity pools
Liquidity pools route assets in the form of liquidity pairs to exchange protocols such as SushiSwap, QuickSwap or Curve. All steps are automated to save a user’s time — liquidity pools collect investors’ funds and reinvest them in various yield-producing products or services through interacting with their protocols. A short primer on how liquidity provider pools work:
With Neuron, users can now enter the pool with just one click and use one asset they own (while two or more are needed to add liquidity). Based on Ethereum and Polygon blockchains, Neuron Fund can be considered the first decentralized fund that offers a range of investment pools both friendly for a user who is new to DeFi and helpful for an experienced DeFi user.
Holding protocol token veNEUR entitles a user to a share of the fund’s revenue. Unlike other protocols which usually collect fees to the benefit of developers or managers, we redistribute management and performance fees among veNEUR token holders. NEUR for veNEUR exchange is a vesting and yield system based on the innovative Curve’s veCRV mechanism.
Users may vote-lock their NEUR tokens for up to four years for veNEUR. By doing so, users become shareholders in Neuron Fund, who can influence protocol’s development and gain proportional revenue.
Although this may seem similar to a time-locking mechanism where users can’t withdraw their staked tokens before the lock expires, several features make this an advantageous way to propel Neuron Fund and hence the DeFi fund industry forward:
The user’s veNEUR stake decreases linearly — NEUR linearly unlocks and allows further increased yields.
Vote-locking opens the path to receiving a share of the protocol’s revenue as well as directly increasing the yields by applying a multiplier to the user’s NEUR returns in investment pools.
The protocol’s tokenomics encourages early adopters yet creates long-term fundamentals.
Neuron Fund follows a rigorous approach to keep every client’s assets safe. Funds are secured by a diverse set of audits along with improved pools’ hacker protection by hosting an ongoing $25,000 bug bounty program.
The project is launching in beta on Sept. 1, 2021.
Neuron’s pre-initial DEX offering auction will start on Aug. 31 at 7:00 pm UTC and last for 24 hours, followed by the NEUR listing on SushiSwap and beta launch on Sept. 1 at the same time. For 24 hours, you will be able to get a discount on NEUR tokens on the project’s auction page. Add the event to your Google Calendar and don’t miss the early-adopter bonus.
For more information about Neuron Fund, please visit our website: https://neuronfund.io/.
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