Everything We Shipped in July

July was the busiest product month in Neutral Trade's history. The headline is a ground-up rebuild of the portfolio page — but the month also brought one-transaction vault transfers, plain-English explanations on every metric, and verified curator identities. Here is what changed, why we built it, and what it means for your capital.

The Portfolio Page, Rebuilt From the Ground Up

This is the biggest single release we shipped in July, and it started with an uncomfortable audit finding: our own portfolio math was flattering to some users and unfair to others.

Here is the bug. Your headline return was computed across every position you had ever held, including closed and legacy vaults. Those closed positions did two things at once — they carried old profits or losses into your live P&L, and they inflated the denominator we divided by. Two users with identical live positions could see materially different returns depending on what they had exited months earlier. Worse, a handful of retired vaults settled off-ledger, which surfaced in the UI as phantom dollar losses against balances that had actually been distributed in full.

So we rebuilt the page around one principle: the headline numbers should describe the money you have working right now.

Active-only P&L. Current Value, Net Deposited, Earnings, and all-time return now aggregate active positions only. Your exited strategies move to a dedicated Closed tab, where the full history stays available and off-ledger settlements show an explicit status chip instead of a fake loss. Nothing is hidden — it is just no longer mixed into a number meant to describe today.

A hero card that respects precision. Full-precision balances, the 24-hour move, your Season 2 points with any active boost, and a Gross / Estimated-net toggle that surfaces fee-adjusted figures which used to be buried in a setting. There is also a privacy blur, which remembers its state — useful if you ever open your portfolio somewhere public.

One merged performance chart. Value and Earnings now live on a single chart with real axes, gridlines and date ticks, instead of two cramped panels. Off-ledger vaults are excluded from the series so the line reflects real, marked value.

Allocation as a donut, with names attached. The old overlapping legend is gone. Every slice is a labelled row showing the strategy, the curator behind it — alias shield included — and your balance in it.

New Exchange Exposure and Custody Distribution views. This is the part we are most pleased with. They show your personal venue and custody split: which exchanges your capital trades on and which custodians it sits behind — Ceffu MirrorX, Copper ClearLoop, or on-chain via Fordefi — weighted by your balances and resolved all the way through multi-strategy vaults to their underlying holdings.

Later in the month we added a 7-day return alongside the longer windows, renamed "Net Earnings" to plain "Earnings," and started naming on-chain custody explicitly rather than leaving it implied.

Transfer: Move Between Vaults in One Transaction

Reallocating used to mean requesting a withdrawal, waiting for the redemption cycle, then depositing into the new vault — days out of the market, three separate actions.

Transfer collapses that into one transaction. Pick a destination vault, confirm, done. Your capital moves at the next processing cycle without ever sitting idle in your wallet.

The feature went live in early July. By July 25, $3.3M had moved between vaults across 94 transfers — with zero time out of the market for any of it.

Every Number Now Explains Itself

Sharpe ratio. Max drawdown. High-water mark. Commission. These terms gate-keep finance more effectively than any minimum deposit ever did.

So we removed the gate: tap any metric on any vault page and it explains itself in plain English.

A few examples of what you'll find:

• Commission — charged only on gains above your high-water mark, the highest value your balance has ever reached. No new highs, no commission.
• Max drawdown — the worst dip so far; the most you could have been down if you had entered at the exact top.
• Your deposit, step by step — wallet → audited smart-contract vault → pre-approved venues only, with every transfer signed by an MPC quorum.

Late in the month we went a level deeper on Sharpe: the explainer now shows the risk-free rate used in the formula, so the number isn't just asserted — you can see the inputs behind it. Target-APY messaging was standardized across every vault at the same time, so the same phrase means the same thing everywhere.

You shouldn't need a finance degree to know what you hold.

Verified Aliases: The Shield

Some of the trading firms behind our vaults operate under an alias — deliberately. Their agreements with exchanges and counterparties keep their names confidential.

New in July: the shield marker. Every aliased firm on Neutral Trade is KYB-verified, and its track record is checked against exchange data before a vault goes live. Tap the shield on any strategy to see exactly what we verified and when.

An alias with a verified track record beats a big name with nothing to show for it. Firms that don't need an alias get a full profile instead — Vision Research's went live at the end of the month, alongside HFT Multi-factor.

Analytics: Compare Strategies Against Buy-and-Hold

The analytics page gained a strategy vs. buy-and-hold comparison table: every vault's return series side by side with holding BTC, SOL, or stables, over the window you choose.

Also new in analytics:

• Sortino ratio added alongside Sharpe — it penalizes only downside volatility, which is what you actually care about.
• ROI and APY folded into a single toggle, with benchmarks de-emphasized (dashed) so the strategies stay readable.
• Category badges under every strategy name, and a cleaner color system across every chart.

Clearer Deposit and Redemption Timelines

Vault pages now show the full lifecycle of your deposit before you commit: when the next deposit window closes, when your capital starts working, and when the next redemption cycle settles — with a countdown banner when a deadline is near.

No more reverse-engineering settlement schedules from docs.

Strategies Page: Ranked Systematically

The strategy list is now ordered by a systematic composite — average rank across APR, TVL, and Sharpe — instead of any manual ordering. The market decides what sits on top, not us.

Points, Fees, and the Small Print

Three smaller changes that remove recurring questions from our inbox:

• Points, explained inline. The points balance now carries its own explainer — what earns points, how the ecosystem multiplier works, and where your season total comes from — instead of living in a separate doc.
• Fee-aware analytics. The analytics page gained a weekly fee toggle, so you can read returns gross or net on the same chart rather than doing the arithmetic yourself.
• Cookie consent, done properly. A real consent banner now ships site-wide: analytics is optional and only runs if you accept it.

Share Cards With Live Numbers

Every page and every vault now generates its own share banner with live stats pulled at share time. Post a vault on X and the preview shows its actual APY, ROI, and NAV curve — not a static logo.

All figures as of July 30, 2026. Try the new app at neutral.trade.