Unitas is expanding beyond USDu into additional yield-bearing assets. xGLD is the next product in this expansion and brings gold exposure into the Unitas product suite.
Gold remains one of the most widely recognized reserve assets globally. Digital asset markets make gold easier to access, transfer and use across DeFi.
xGLD applies the Unitas yield model to gold. It gives users gold price exposure while distributing yield generated from Unitas strategies.
Users hold gold for long-term value preservation, currency devaluation protection and global recognition.
Traditional gold access comes with operational constraints. Physical gold requires storage, insurance, transport and liquidation through limited channels. These constraints reduce accessibility and make the asset harder to use in DeFi.
Tokenized gold improves access by representing gold exposure as an onchain asset. It can settle 24/7, move between wallets and integrate with DeFi applications.
xGLD is a yield-bearing gold asset issued by Unitas.
It is backed by Tether Gold (XAUt), which represents physical gold exposure. xGLD gives users exposure to the price of gold and distributes yield generated from Unitas strategies.
xGLD is for users who want gold price exposure and yield within the same asset.
The xGLD asset flow starts with USDT on BSC.
Whitelisted users mint xGLD using USDT. Unitas uses the deposited USDT to purchase XAUt, which is the underlying collateral backing xGLD.
The XAUt collateral is then used to borrow stablecoins at 70% LTV, borrowed stablecoins are deployed into yield strategies., returns generated by those strategies are distributed to xGLD holders.
The asset roles are:
xGLD is the user facing yield-bearing gold asset
XAUt is the underlying collateral
USDT is the asset used for minting
Borrowed stablecoins are the capital deployed into yield strategies
Minting and redemption are available only to whitelisted addresses.
Regular users can access xGLD through USDT/xGLD swaps on BSC.
For redemption, users redeem xGLD for XAUt. Redemption has a 7-day cooldown. After the cooldown, users claim XAUt on Ethereum.
Protocol fees are:
Minting fee: 0%
Redemption fee: 0.1%
The redemption fee primarily covers transaction slippage and operational costs incurred when the protocol adjusts underlying positions and releases collateral.
xGLD is intended to be integrated as a composable asset in DeFi.
Future integrations may include lending markets, liquidity pools and yield-trading protocols. These integrations would allow holders to keep gold price exposure while using xGLD for additional capital efficiency.
Using xGLD as collateral is a key use case for the product. Users can hold a yield-bearing gold asset and use it across DeFi without exiting their gold position.
Unitas plans to maintain transparency for xGLD through reserve verification.
Accountable and Primus are expected to support proof of reserve dashboards and backing data when available. Users should be able to verify the collateral backing xGLD and monitor whether reserves remain sufficient.
This follows the same transparency focus used across Unitas products. Reserve visibility, collateral verification and backing data remain central to how Unitas presents yield-bearing assets.
Unitas has already scaled USDu to $100M TVL and continues building yield infrastructure across additional assets.
xGLD extends the Unitas product suite from stablecoin yield into yield-bearing assets backed by real world and digital collateral. It brings gold price exposure, yield distribution and future DeFi usage into 1 asset.
Unitas will continue expanding our yield-bearing asset product offering while prioritizing transparent reserves, clear collateral mechanics and verifiable backing.
Disclaimer: This article is provided for educational purposes only. Nothing in this article constitutes financial, legal or investment advice. All information reflects current protocol design and may change over time. Users should conduct their own research before interacting with any DeFi protocol.