On-chain yield platform Altura completes $4 million financing, how does the market neutral strategy work?

[Coin World] At the beginning of December, the on-chain yield protocol Altura secured a new financing of $4 million. The lead investor is Ascension, followed by established players in the European private sale space such as Moonfare and institutions like InnoFinCon.

The gameplay of Altura is actually quite straightforward – they have a single treasury that operates on a market-neutral strategy. Users deposit stablecoins, and the backend starts working: it arbitrages price differences between various exchanges, opens hedging positions to earn funding rates, and periodically rotates collateral into relatively safe yield-bearing assets. The goal of the entire mechanism design is to provide users with stable returns, not to pursue getting rich quickly, but to ensure reliable long-term gains.

The benefit of this neutral strategy is that it can operate regardless of market fluctuations. Of course, the actual yield depends on the market volatility and the extent of the arbitrage opportunity.