Unitas didn't just have stablecoins before

I took a closer look at the principles today
Unitas is on BSC
Has done an interesting interest-bearing restructuring at the underlying level
They didn't stick to the traditional crypto staking and interest-earning routines
The entry point is quite clever
Introducing US stock basis arbitrage at the strategy level
Relying on the funding fees from perpetual contracts of US stocks
To provide another more stable yield for the underlying USDu and sUSDu
Completely unrelated to betting on stock price rises or falls
It's pure Delta neutral arbitrage
My understanding is
The asset cycles of US stocks and crypto are inherently offset
This adds an external yield source with low correlation
User position experience remains unchanged
The risk resistance at the strategy level is essentially widened
And recently, they also launched XGLD
This is an interest-bearing gold product based on XAUT
Also follows the Delta neutral approach
The key point is to steadily earn the underlying yield
This move is quite crucial
It's considered the second core product line opened by Unitas outside of USDu
Now it can be directly positioned as
A very important interest-bearing product on BNB Chain
This also means Unitas's narrative
Has shifted from purely USD interest-earning
To a multi-asset interest-earning layer
After all, gold
Is more easily understood by global users than pure USD assets
No wonder $UP has been performing solidly recently
In this current bear cycle
Using US stock basis and interest-bearing gold
To balance crypto's cyclical risks
Backed by liquidity and RWA fundamentals
Is indeed a very good allocation choice