Introduction
Castor is a non-custodial DeFi protocol that runs delta-neutral strategies on-chain, so you can earn yield on your crypto without betting on the market.
What Castor does
You deposit crypto, Castor puts it to work in market-neutral strategies, and you earn yield that you can withdraw at any time. Your funds stay in audited smart contracts and you keep your keys throughout.
Returns come from funding rates and spreads, the structural mechanics of derivatives markets, rather than from the price of an asset going up or down.
New to delta-neutral strategies? Read How Castor works for a plain explanation, then follow Depositing to make your first deposit.
Why people use Castor
- Non-custodial. You connect your own wallet and keep your keys. Castor never holds your assets.
- Market-neutral. Yield does not depend on guessing market direction.
- Transparent. TVL and APR are visible live on-chain.
- Liquid. No lock-ups. Withdraw whenever you want.
How this documentation is organised
- How Castor works: the mechanism, in plain terms.
- Depositing and Withdrawing: step-by-step tutorials.
- Strategies: the three risk profiles on offer.
- Security & audits and Risks: what protects you and what to watch for.
Castor involves risk and APRs are not guaranteed. Only deposit what you can afford to lose. See Risks.