Unitas 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.

Metric
Value
Notes

Core yield engine

JLP dn arbitrage

captures 75 % of JLP perp-trading fee flow

JLP index assets

SOL, ETH, WBTC, USDC, USDT

market-cap weighted

Stablecoin

USDu (soft-peg 1 USD)

over-collateralised

Savings token

sUSDu

auto-compounds JLP fee carry

Launch chain

Solana v1

EVM bridges on roadmap

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:

  1. Index fund PnL – SOL/ETH/WBTC/USDC/USDT appreciation.

  2. Trader PnL – the pool gains when traders lose (and vice-versa).

  3. 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 crypto prices.

Delta-Neutral Arbitrage Strategy

Unitas deposits JLP as collateral and immediately shorts equivalent perps, locking in the fee stream while neutralising price risk:

long 1 JLP  +  short Δ-matched perps  ⇒  ≈ 0 delta  +  JLP fee carry

Result:

  • Market-neutral, bank-free yield – sourced from on-chain trading demand.

  • Transparent – all positions and re-hedges are verifiable on Solana.

  • Scalable – strategy capacity grows with JLP TVL and perp volume.

sUSDu: Fee-Bearing Savings Token

Staking USDu mints sUSDu. Its exchange rate rises as the protocol redistributes:

  • JLP fee carry (primary)

  • Funding-rate premiums from auxiliary hedges

  • Protocol fees (mint/redeem/liquidation)

Historical APR in stable conditions: 8 – 15 % (USD-denominated).

User Flow

Action
On-chain steps
Fee

Mint USDu

Collateral → USDu, perp short opens

0 %

Stake to sUSDu

USDu burned, 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 elapsed.

Redeem collateral

USDu burned, perps closed → collateral

0 %

6 Risk Management

Risk
Mitigation

Price moves

Hourly re-hedged perp shorts

Trader PnL spikes

10 % of fees to Insurance Fund + circuit breaker

Venue failure

Per-exchange hedge caps + OPC (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 stakers

  • 10 % → Insurance Fund

  • 10 % → Treasury / buy-backs

8 Roadmap

Milestone
ETA
Status

JLP-backed USDu v1 (Solana)

Q3 2025

Audit

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, counter-party, and market risks, including peg deviation or negative yield if perp volume collapses. Review the Terms of Service and Risk Disclosures before use.

10 Links

NextHow to Buy USDu

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