XSY.fi, a capital management platform, has announced the beta release of its product Unity on Avalanche blockchain, along with the completion of a $5 million funding round.
Launch of Unity
XSY.fi has announced the launch of its flagship product, Unity ($UTY), which is a new digital synthetic dollar designed to enhance liquidity and capital efficiency within blockchain ecosystems. Unity allows AVAX token holders to maintain their current investment position while accessing sustainable yield.
Investment in XSY.fi
XSY.fi has completed its Pre-Series A funding round, raising $5 million with participation from companies such as Protagonist, Borderless Capital, and others. 'Our investment in XSY reflects the belief that the next generation of DeFi will be built on platforms that can intelligently activate and deploy capital,' said George Bousis, Co-Founder and Managing Partner at Protagonist.
Advantages of Avalanche Platform
Avalanche provides a high-performance infrastructure that ensures that the capital deployed in Unity remains active and integrated within the ecosystem. According to John Nahas, Chief Business Officer at Ava Labs, 'XSY.fi bridges DeFi and traditional finance, building financial infrastructure on Avalanche with a focus on long-term innovation.'
With the launch of Unity and significant funding, XSY.fi reaffirms its role in advancing DeFi and strengthening the Avalanche ecosystem by providing users access to complex financial strategies.
