Wu Shuo learned that the Unitas Labs yield-bearing stablecoin protocol announced that its yield-bearing gold asset xGLD will go live on June 3, backed by Tether Gold (XAUt), and will generate yield through Unitas strategies. Previously, in March, Unitas Labs announced the completion of a $13.33 million seed round, with participation from Awaken Finance, Amber Group, and others.

XAUT-0.53%
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On-ChainSoilAfterTheRain
· 06-03 22:05
Moving gold from the safe deposit box onto the blockchain to generate yields, the idea has been unlocked.
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CrystalBallForSentiment
· 06-03 09:11
Unitas is not moving very quickly; I hope the product is solid enough.
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Wax-SealedPrivateKey
· 06-01 09:53
Wait until it goes live to see the actual returns; no matter how good the PPT looks, data is more reliable.
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FeeTaker
· 06-01 08:47
Seed round 13.33 million, this number is a bit impressive
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ExitLiquidityBuddy
· 06-01 08:31
Awaken and Amber have both invested, and the institutional endorsement is decent.
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L2ArbitrageYoungster
· 06-01 08:16
June 3 launch—let’s observe the APY first.
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Can'tSleepWithoutSigningThe
· 06-01 08:15
Yield-generating gold, finally no longer just watching the rise and fall of gold prices
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BittersweetArb
· 06-01 08:15
Tether Gold + Unitas Strategy: Double-Layer “Nested Doll” Risk Assessment
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PeonyMemo
· 06-01 08:15
The name xGLD is easy to confuse with GLD; you might want to think of a different name.
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GoldfishUnderTheIce
· 06-01 08:15
13.33 million seed rounds, only now releasing the product, the pace is quite steady.
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