
XSY, a decentralized finance (DeFi) capital management platform, has launched a synthetic, yield-bearing USD stablecoin called Unity (UTY) on the Avalanche blockchain. Currently in beta, UTY is designed as a delta-neutral synthetic dollar aimed at enhancing capital efficiency within the Avalanche ecosystem by providing a stable-value asset that avoids selling, bridging, or directional risk. The launch of UTY is part of XSY's broader effort to introduce new DeFi tools that generate passive yield with minimal complexity. To support this initiative, XSY recently closed a $5 million pre-Series A funding round led by Borderless Capital and Protagonist XYZ, with participation from Paper Ventures, Chainview Capital, Blizzard Fund, and Sonic Boom Ventures. The funding will be used to advance DeFi infrastructure and liquidity on Avalanche. Blizzard Fund highlighted its investment in XSY as a strategic move to reshape DeFi liquidity through innovative stable assets on Avalanche.
Why we just invested in @xsy_fi, the company behind UTY — a novel approach to stable assets on Avalanche that could reshape DeFi liquidity. Here’s why 🧵 (1/9) https://t.co/ARrpYQuJxy
Top 5 Crypto Fundraising Rounds this week 👇 @perpltrade - $9.25M > Fully onchain perpetual futures exchange built on Monad > @dragonfly_xyz, @ErgoniaTrading, & @HashKey_Capital @KYDLabs - $7.1M > Fully integrated commerce layer designed for live events > @a16zcrypto, https://t.co/uDqDZVErLW
HypurrFi, one of @HypeliquidX's core lending protocols, will integrate $M as collateral to mint USDXL, its overcollateralized stablecoin, and hold $M in its treasury. By allowing $M as collateral for USDXL, HypurrFi taps into M0’s credibly neutral digital dollar building block. https://t.co/92tIQXrVjI





