XSY.FI, a decentralized finance (Defi) Capital Management Platform, has launched the beta version of its digital synthetic dollar (uy) on Avalanche (Avax), according to the reports that will be shared with Finbold on Thursday 15 May.
The launch emphasizes the ever-growing institutional interest in Defi solutions and, just like Xsy, comes a $ 5 million pre-series, a financing round closes under the leadership of protagonist and boundless capital and supported by investors, including paper companies, Chainview Capital, Blizzard the Avalane and Sonicanche.
What is the unity of Xsy?
A synthetic dollar of the next generation, Unity is designed to promote liquidity and capital efficiency in blockchain ecosystems.
With unit, Avax holders has the price exposure retained and earns the proceeds by combining long spotholdings with short eternal futures.
This model helped Xsy to draw more than $ 20 million before the beta was even launched.
W. Sean Ford, Chief Executive Officer (CEO) of Xsy, called Avalanche, the natural choice for the launch of unity, which says:
“Defi has made extraordinary technical progress, but access to complex, well-performing strategies remains fragmented and operational intensive. Avalanche offers the speed, scalability and composition that advanced Defi strategies such as the demand of unit-valor is a natural basis for the debut of our platform.”
Delta-neutral yield strategies
After the launch, early Unity users have access to a delta-neutral yield strategy, which makes complex Defi instruments more accessible to treasuries, funds and individual users.
As such, it will help to unlock more native capital within the avalanche ecosystem.
In addition, the Avalanche offers the performance, finality and composability that are crucial for real -time capital implementation, which means that the launch can help accelerate the merger of traditional and decentralized finances, according to John Nahas, Chief Business Officer at AVA Labs.
The launch of unity on Avalanche therefore marks an important milestone for both Xsy.fi, where blockchain-native performance is introduced in the yield strategies for institutional quality.