Overview
Backing, Custody, and Security Overview
Overview
Unitas is dedicated to delivering a secure, transparent, and yield-bearing dollar stack. USDu, our core stablecoin, targets a robust 1 USD soft-peg through on-chain collateral plus delta-neutral hedging. Yield is streamed to sUSDu, the savings token, so users earn without leaving the peg.
Backing Mechanism
Decentralised collateral
SOL, ETH, WBTC and JLP (index of SOL/ETH/WBTC/USDC/USDT) are locked on-chain; over-collateralisation > 102 %.
Verifiable 24/7 on Solana explorer.
Delta-neutral hedges
Short perpetual futures on top CEX venues neutralise price risk and harvest funding-rate carry.
Executed via Off-Exchange Settlement.
Real-world utility
USDu is natively spendable with the upcoming Unitas Card, closing the loop between DeFi yield and everyday payments.
Settlement in fiat at POS.
Custody Model
On-chain vaults
Multisig-governed contracts hold collateral; addresses displayed live in Docs.
Everyone can self-verify balances.
Off-Exchange Settlement (OES)
Collateral mirrors held with Copper, Ceffu, etc., enabling hedging on CEXs while assets stay in segregated MPC cold storage.
OES balances included in monthly Transparency Report.
Key principles: asset segregation, multi-provider redundancy, and hourly liquidity monitoring to ensure hedge capacity even in stressed markets.
Security Measures
Smart-contract audits — Multiple independent firms plus standing bug-bounty.
Redundant oracles — Chainlink + Pyth feeds with fallback logic to guard against outages.
Real-time risk engine — Bots track funding rates, collateral ratios, and margin health; automatic deleverage/top-up before thresholds.
Extreme-volatility design — Circuit-breakers and insurance fund (10 % of fee flow) cover tail events.
Transparency & Reporting
Monthly Transparency Report (blog post) publishes:
Total collateral by asset & venue
Open perp hedge sizes & net delta
Insurance-fund and treasury balances
Live dashboard shows multisig vault balances and key risk metrics.
Road-map item: zk-attested proof-of-reserves once the ZK module is production-ready.
Why It Matters
Peg robustness — Over-collateralisation + delta-neutral hedging keeps USDu around 1 USD even in volatile markets.
Native yield — Funding-rate and JLP fee carry flow through to sUSDu, turning “dollars” into an on-chain savings instrument.
Composability — Fully on-chain design lets builders integrate USDu into lending, payments, and DeFi primitives.
Through these mechanisms, Unitas pairs advanced financial engineering with decentralised transparency, offering a secure, scalable, and user-centric dollar for the next generation of global payments and DeFi applications
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