Unitas
UPUnitas is a delta-neutral yield protocol issuing the interest-bearing stablecoin USDu
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.91% | 2.23% | 20.69% | 52.83% | 58.72% | 56.34% |
Comparison
Fundraising
Sub Organizations
Tokenomics
Unlock Progress
Unlock Event
| Date | Unlocked Token Amount | Unlocked M.Cap | M.Cap (%) | Allocation |
|---|---|---|---|---|
| Nov 13, 2026 | 24.37M UP | $3.43M | 16.7% | 2 Allocation |
| Dec 13, 2026 | 24.37M UP | $3.43M | 16.7% | 2 Allocation |
| Jan 13, 2027 | 24.37M UP | $3.43M | 16.7% | 2 Allocation |
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x456d...67a4 |   UP | 50,000,000 | 5% | $7.04M |
| 0x3176...2d8f | UP | 1,366.44 | 0% | $192.61 |
| 0x0000...8a90 | UP | 1,295.83 | 0% | $182.65 |
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About Unitas
Unitas is a yield-bearing stablecoin protocol on Solana, operating through a delta-neutral strategy. Its core business is straightforward: users deposit collateral to mint USDu, a stablecoin pegged to $1. The protocol then deploys these assets into Jupiter's JLP pool while simultaneously opening short perpetual positions to hedge price risk. This creates a market-neutral position that captures funding rates and trading fees without directional exposure. The yield generated flows to sUSDu holders, the savings token whose value appreciates over time, with historical APY around 10-12%.
The main market pain point it addresses is the lack of native yield on traditional stablecoins like USDC or USDT. Unitas turns a passive dollar asset into an active yield-generating instrument, similar to how Ethena works on Ethereum but built specifically for the Solana/Jupiter ecosystem.
However, there are significant concerns. The UP token itself captures almost none of the protocol's value—80% of revenue goes to sUSDu holders, 10% to insurance, and 10% to treasury, with no confirmed buyback mechanism for UP. With only 12.6% of supply circulating and monthly unlocks starting July 2026, the token faces persistent sell pressure. The team token cliff unlock in March 2027 represents a major overhang. While the protocol has real TVL (~$58M per DefiLlama, though estimates vary), the token's value accrual remains weak, making it structurally bearish despite the underlying business being legitimate.
Unitas' development path centers on its positioning as a yield-bearing stablecoin protocol, with key milestones including the official launch of its token generation event (TGE) and the establishment of its core vision.
In March 2026, Binance Wallet exclusively launched the Unitas (UP) TGE and Booster events, marking UP's official entry into the trading market. This represents a critical step in Unitas' transition from protocol development to ecosystem building, providing a foundation for subsequent user growth and token liquidity.
Earlier, Unitas had clearly articulated its long-term vision: building a global savings tier for digital assets and compliant, high-yield stablecoins. This strategic positioning distinguishes it from ordinary stablecoin projects, aiming to create a savings layer for digital assets through delta-neutral strategies and multi-asset deployment, with the goal of establishing a sustainable yield generation mechanism in the long run.
These two events respectively reflect Unitas' milestones in capital market validation and strategic direction, constituting significant nodes in its development history.
Chloe L. (Co-Founder): Master's in Big Data Technology from HKUST, B.S. in Financial Engineering and Economics from UW-Madison. Former Senior Product Manager at WeChat Pay, Investment Associate at BlackRock, and IPO & Audit at Deloitte. Founded AutoAPE.AI and is now Co-Founder of Unitas.
MADAO (Co-Founder): Cryptographer and on-chain white hat. Currently a cryptography researcher and quantitative trader at Marudo. Previously Senior Software Engineer at Flexport and Full Stack Engineer at Bixin. Focuses on zero-knowledge proofs, DeFi security, and privacy-enhancing technologies.
Emeline Lu (Head of Product Design): Ex-Microsoft senior product designer specializing in crypto, fintech, and trading UX. Since April 2024, she has led Unitas product design, including the PayFi rebrand, virtual credit card backend, and user experience, representing the project at ECC, Edcon, and Devcon.
Xuling Liu (Head of Marketing): Currently Head of Marketing at Unitas. (Limited public information.)