Unitas

Unitas is a decentralized finance application built on both Solana and Ethereum that combines a stablecoin with a yield-generating layer, operating under the brand name Unipay. Its core product, USDu, is designed to give users a dollar-denominated token that also accrues yield, addressing the common trade-off between stability and return. The project targets users who want on-chain dollar exposure without sacrificing the earning potential typically associated with riskier assets.

The protocol's foundation is a delta-neutral arbitrage engine that uses Jupiter Liquidity Provider positions, meaning it attempts to stay price-neutral while capturing the spread between long and short positions in the Jupiter perpetuals market on Solana. Additional collateral and hedging layers are built on top of this core engine to support the issuance of USDu. The UP token is the native asset of the Unitas ecosystem, and the protocol currently has roughly 216 million UP in circulation out of a maximum supply of one billion tokens, meaning about 21.6 percent of the total supply has been issued to date.

The data provided does not include a specific fee stream, fee recipients, or protocol revenue figures, so no fee-based conclusions can be drawn from what is stored here. What is recorded is a total value locked of approximately 58.2 million USD at the point of measurement, which fell by roughly 9.75 percent over the trailing seven days. The market capitalization to TVL ratio stands at approximately 1.79 and the fully diluted valuation to TVL ratio at approximately 8.30, both measured at the same point in time; these ratios reflect the relationship between the token's implied valuations and the assets currently held in the protocol, though without fee data they cannot be connected to an earnings context.