XSY is a DeFi protocol on Avalanche that lets USDC holders mint UTY and deposit it into one of two vaults. The yUTY vault auto‑compounds yield from funding perpetual contracts while hedging token price risk, and the xUTY vault accrues $XSY governance points for voting. Both vaults enforce a 7‑day unbonding period and use audited smart contracts and third‑party custody for security.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Stablecoin holders often earn negligible returns because traditional yield solutions are either low‑yield or require complex management of perpetual contracts, leading many users to keep their assets idle. This limits capital efficiency and reduces incentives for broader participation in decentralized finance.
Solution
XSY offers a digital‑asset protocol that transforms USDC into the native token UTY, which can then be allocated to one of two vaults. The yUTY vault automatically compounds yield generated from funding perpetual contracts while hedging price risk by holding the underlying token. The xUTY vault accrues $XSY governance points, giving participants voting rights in protocol decisions. Both vaults enforce a 7‑day unbonding period to ensure orderly position closures. The platform operates on Avalanche, leveraging audited smart contracts, third‑party custody, and industry‑standard security practices to provide a streamlined, low‑maintenance yield experience.
Target Audience
The primary users are crypto investors and DeFi participants who want higher yields on stablecoins without managing complex trading strategies, as well as governance‑oriented token holders seeking participation in protocol decisions.
Features
- One‑click swap of USDC for UTY via the on‑chain minting interface
- yUTY vault: auto‑compounding UTY rewards sourced from perpetual contract funding, with built‑in hedging to eliminate token price exposure
- xUTY vault: accrues $XSY governance points redeemable for protocol voting and future incentives
- Fixed 7‑day unbonding period that allows safe liquidation of positions and protects the system from sudden mass withdrawals
- Integration with the Avalanche network for high throughput and low transaction costs
- Quantstamp audit, Ceffu & Copper Clearloop custody, and role‑based access controls to meet DeFi security best practices
- Transparent API for retrieving vault balances, yield rates, and governance point accruals
- Future roadmap includes inverse basis products, tokenized Treasury bills, and customizable liquidity loops built on the same UTY + vault architecture