XSY
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Protocol TVL
About XSY
$UTY, also known as Unity, is a digital synthetic dollar (DSD). Unity is a delta-neutral asset and serves as the synthetic dollar at the center of XSY's ecosystem of decentralized financial products.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
XSY tokenomics and on-chain capital
XSY's governance or utility token carries a market capitalisation of $21M based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($21M) and TVL ($21M) trade close together, giving a mcap/TVL multiple of 1.00× — broadly the range market participants treat as "fair" for an established DeFi protocol.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
XSY Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Sep 16, 2025Listed on DeFiLlama
Protocol Profile
XSY operates in the Basis Trading category of DeFi. It is deployed on Avalanche. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
Supported Chains
Protocol Footprint
XSY is a single-chain protocol, deployed exclusively on Avalanche — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (RedStone); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Token market cap ($21M) and TVL ($21M) trade at a ratio of 1.00, in the range generally considered normal for an established DeFi protocol.
Official Resources & Links
Verified external resources for XSY — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Basis Trading protocols on Mantapex
XSY is one of 7 Basis Trading protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Ethena USDe, Falcon Finance, Solstice USX, and 3 more. These peer protocols collectively secure $8.8B in deposits, giving you a frame of reference for whether XSY's own TVL is at the top, middle, or tail of the category.
Recent XSY news
Latest reporting from major crypto news outlets covering XSY.
Related protocols
Other DeFi protocols connected to XSY by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Basis Trading protocols
Top protocols on Avalanche
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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