MNYE

ETH Market Neutral Yield price
MNYE

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Total supply
606 MNYE
Max. supply
1M MNYE
Self-reported circulating supply
0 MNYE


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About ETH Market Neutral Yield

The ETH Market Neutral Yield Index from the Index Coop automates a continuous basis trading strategy that returns a high, price neutral yield to token holders. Built using Set’s integration with Perpetual Protocol on Optimism, MNYe contains a fully hedged ETH position, with equivalent spot exposure and short exposure via perps. Token holders will earn a variable USDC return when the funding rate is positive, while removing all exposure to price volatility of the underlying asset.