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XSY
XSY is a digital-asset protocol enabling users to earn yield on stablecoins. By swapping USDC for UTY and depositing it into yield-bearing or governance point-accruing vaults, users can capitalize on perp-basis yields. The platform is built by veterans from crypto and traditional finance.
Distributed
Description
XSY is a digital-asset protocol that allows users to earn yield on stablecoins. The process involves minting UTY by swapping USDC, then depositing it into either the yUTY vault for auto-compounding yield or the xUTY vault for $XSY governance points. A 7-day cool-down period is required to unbond and redeem UTY back to USDC. The platform emphasizes simplicity, a deep ecosystem through an exclusive partnership with Avalanche, and security with Quantstamp audits and custody by Ceffu & Copper Clearloop. The team is composed of veterans from Algorand, Paxos, and Wall Street. Future developments include inverse basis, tokenized T-Bills, and tailored liquidity loops.Grant Funding
VC Funding
None
2025
$0
$5M