Market Neutral Yield ETH
1. Summary
- Description
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Market Neutral Yield ETH (MNYe)
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 high, price neutral yield to token holders. This strategy, known as basis trading or cash-and-carry arbitrage, exploits the difference between the prices of an asset in spot and perpetual markets. MNYe uses Set Protocol’s integration with Perpetual Protocol on Optimism to maintain a fully hedged ETH position, comprising long spot exposure and short exposure via perpetual swaps. Token holders earn a variable USDC return through periodic funding rate payments when the funding rate is positive, effectively eliminating exposure to price volatility of the underlying asset.
| Price | |
| 52W High price | $103.41 |
| 52W High date | 19th Jun 2022 (2 years ago) |
| All Time High (ATH) Date | 26th Sep 2024 (1 month ago) |
| All Time Low (ATL) Date | 26th Sep 2024 (1 month ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $10.00 |
How does Market Neutral Yield ETH's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
26.2%
Similar Market Cap
We're monitoring 31 Market Neutral Yield ETH GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Market Neutral Yield ETH Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 0 commits vs. an average of 112
Most Active Repos
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Top Developers 2024
In total, 109 developers have contributed to Market Neutral Yield ETH over the past year. Who are the most active Market Neutral Yield ETH developers, by commits, over the past year?
Related Projects
Developers working on Market Neutral Yield ETH also worked on these projects.
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Historic data is only available from 22nd April 2022
Total Followers
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No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://indexcoop.com/market-neutral-yield-index-mnye |
|---|---|
| Explorer | https://optimistic.etherscan.io/address/0x0be27c14... |
What is the correct contract address for Market Neutral Yield ETH?
| Optimistic-ethereum | 0x0be27c140f9bdad3474beaff0a413ec7e19e9b93 |
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Has Market Neutral Yield ETH been audited for security?
No security audits found for this project.
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