Earn USDC rewards with Toros Delta Neutral LP on Merkl
You can now earn extra USDC rewards for holding Toros Delta Neutral LP on Arbitrum.
Toros has launched a 30 day Merkl campaign with 15,000 USDC in rewards for eligible vault holders. The campaign gives eligible holders extra USDC rewards for trying one of the newer LP style vaults on Toros.
Deposit into Toros Delta Neutral LP
What is Toros Delta Neutral LP?
Toros Delta Neutral LP gives you exposure to the LP side of Toros Protected Leveraged Tokens.
Instead of taking a simple long or short BTC position, the vault is designed to keep BTC price exposure more balanced while earning from activity linked to Toros Protected Leveraged Tokens.
In simple terms, it works more like a perps exchange LP style product than a directional BTC token.
You can use the vault page to review live APY, past performance, open interest, and other key details before depositing.
What the Merkl campaign adds
For the next 30 days, eligible Toros Delta Neutral LP holders can receive extra USDC rewards through Merkl.
A total of 15,000 USDC will be distributed to users who hold at least $100 worth of the vault token on Arbitrum.
Rewards are based on your share of eligible vault token holdings during the campaign. You can track and claim them through Merkl.
Reward rates are variable
The Merkl reward rate will change based on total vault TVL.
When TVL is lower, rewards are shared across fewer holders. If more users deposit, the same reward pool is shared across a larger base.
This means early depositors may see a higher Merkl reward rate, but the live rate will depend on campaign TVL.
The vault’s own return profile is also variable. Over recent months, funding based returns have generally sat around the 10% to 35% range, but this can change over time.
The live Toros vault page and Merkl campaign page should be treated as the source of truth.
Who this vault is for
If you want BTC-linked returns but do not want to simply go long or short, Toros Delta Neutral LP may be worth a look.
The vault is designed for users who are comfortable with LP-style products, variable returns, and some market risk. You can review the live vault page before depositing to see APY, past performance, open interest, and other key details.
This is not a fixed return product or simple stablecoin yield.
Key risks
Toros Delta Neutral LP is not risk free.
The vault aims to manage BTC exposure, but it can still lose value. Returns are variable and depend on market conditions, vault activity, and demand for Toros Protected Leveraged Tokens.
Merkl rewards add an extra incentive, but they do not remove the underlying vault risks.
How to take part
Deposit into Toros Delta Neutral LP
Hold at least $100 worth of eligible vault tokens on Arbitrum.
Track and claim your rewards through Merkl
Final note
This is a 30 day campaign.
If the campaign helps grow healthy usage of Toros Delta Neutral LP, Toros may renew or extend the rewards after this first campaign.