
* Perpetual Delta Neutral Yield (Optimism) is a cryptocurrency that generates yield by shorting an asset on a perps market with a favorable funding rate and holding that asset in spot or yield to be delta neutral against USD.
* The USDpy token amplifies yield on USD by harnessing the funding accrued from perpetual DEXes.
* When many traders are going long on the underlying asset, traders pay the short market in funding rate, which increases the yield generated by the USDpy token.
* When the funding rate is unfavorable, leverage is reduced to limit losses on yield.
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