Unitas Overview
1. General Overview
Unitas is Unipay’s on-chain “dollar + yield” stack, built first and foremost on a JLP delta-neutral (dn) arbitrage engine. All other collateral and hedging layers sit on top of this core strategy.
Core yield engine
JLP dn arbitrage
JLP captures 75% of fee revenue from the Jupiter Perps platform
JLP index assets
SOL, ETH, WBTC and USDC
Market-cap weighted
Stablecoin
USDu (soft-peg 1 USD)
Overcollateralized
Savings token
sUSDu
Auto-compounds JLP fees and funding rate revenue
Launch chain
Solana, BSC
EVM expansion planned
Security Notice: Please ensure that you interact only with the official smart contracts and receipt tokens listed below.
2. The Jupiter Liquidity Provider (JLP) Pool
The JLP Pool supplies liquidity to traders on Jupiter Perps. Holders of the JLP token earn value from three sources:
Index fund PnL – SOL/ETH/WBTC/USDC appreciation.
Trader PnL – the pool gains when traders lose (and vice-versa).
75% of all fees – open/close, price impact, borrow, and trading fees, redeposited hourly.
Because fee flow dominates, the pool delivers a high USD-denominated APY that is largely uncorrelated to underlying volatile asset prices.
3. Delta-Neutral Arbitrage Strategy
Unitas purchases JLP as collateral and immediately shorts equivalent perps, locking in the revenue stream while offsetting price risk:
Result:
Market-neutral, bank-free yield – sourced from onchain trading demand.
Transparent – all positions and re-hedges are verifiable on Solana.
Scalable – strategy capacity grows with JLP TVL and perp volume.
4. sUSDu: Fee-Bearing Savings Token
Staking USDu mints sUSDu. Its exchange rate rises as the protocol redistributes:
JLP fee carry (primary revenue source)
Funding rate premiums from the short leg of the trade
Protocol fees (mint/redeem/liquidation)
Historical APR in stable conditions: 8 – 15 % (USD-denominated).
5. User Flow
Mint USDu
Collateral → USDu, perp short opens
0 %
Stake to sUSDu
USDu deposited into a staking contract, sUSDu minted
0 %
Unstake
sUSDu burned → corresponding USDu enters a 7-day cooldown pool
0 %
Withdraw
Withdraw from cooldown pool
0 %, after initiating the cooldown, your USDu becomes withdrawable once the 7-day period has passed.
Redeem collateral
USDu burned, perps positions closed → collateral redeemed
0 %
6. Risk Management
Price moves
Hourly re-hedged perp shorts
Trader PnL spikes
10% of fees to Insurance Fund + circuit breaker
Venue failure
Per-exchange hedge caps + OES (off-exchange settlement) custody
Smart contract
Multiple audits + Immunefi bounty
Regulatory
Optional KYC gating, DAO-controlled lists
7. Governance & Fee Split
Guardian Council (5/9 multisig) – emergency powers.
Unipay DAO – fee schedule, collateral onboarding.
Revenue flow:
80% → sUSDu holders
10% → Insurance Fund
10% → Treasury / buy-backs
8. Roadmap
JLP-backed USDu v1 (Solana)
Q3 2025
Live
Cross-chain USDu (LayerZero)
Q4 2025
Design
Unipay Card (USDu spend)
Q1 2026
Prototype
Permissionless collateral adapters
2026
Research
9. Disclaimers
USDu is not a bank deposit nor government-insured. Holding USDu/sUSDu entails smart contract, counterparty, and market risks, including peg deviation or negative yield if perp volume collapses. Review the Terms of Service before use.
10. Links
Website: https://unitas.so/
Docs: https://docs.unitas.so/
GitHub: https://github.com/Unipayfi
Email: [email protected]
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