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.

## Overview XSY is a basis trading platform built on Avalanche that centers around $UTY (Unity), a delta-neutral synthetic dollar designed to serve as a stable anchor for decentralized financial products. Rather than relying on collateralized stablecoins or algorithmic mechanisms tied to external price feeds, Unity functions as a synthetic dollar—a digital asset engineered to maintain price stability through structural design rather than collateral backing alone. This positioning allows XSY to offer basis trading strategies without exposing users to the volatility of volatile collateral pools