DeFi infrastructure provider Unitas Labs has announced the launch of xGLD, a yield-bearing gold asset designed to bring gold exposure into its product suite. This move marks Unitas's expansion beyond pure stablecoin infrastructure into a broader range of yield-generating assets, offering BSC users an instrument that combines gold anchoring with automated returns.
Collateral Backing and Yield Mechanism
xGLD is fully backed by Tether Gold (XAUt) on a 1:1 basis, meaning each token is collateralized by physical gold exposure. The protocol borrows stablecoins against the XAUt at a 70% loan-to-value ratio and deploys them into carefully selected yield strategies, with all generated returns distributed to xGLD holders. This structure enables passive yield accrual tied directly to gold reserves without requiring active management.
Minting carries a 0% fee, and whitelisted users can mint xGLD directly using USDT. Non-whitelisted participants can instantly acquire the asset through the USDT/xGLD flash swap pair on BSC, maintaining liquidity and lowering entry barriers.
Redemption Rules and DeFi Ecosystem Integration
When redeeming, users must exchange xGLD back into XAUt and enter a 7-day cooldown period. After the cooldown, they can claim the underlying XAUt on the Ethereum network, subject to a 0.1% redemption fee. This mechanism preserves the asset's value anchor while enabling decentralized issuance and cross-chain redemption.
Unitas plans to integrate xGLD as native collateral within lending markets, liquidity pools, and other DeFi protocols, broadening its utility. To reinforce transparency, the project will partner with Accountable and Primus to launch a reserve proof dashboard, offering real-time visibility into collateral status and solvency data, ensuring every unit of on-chain gold exposure remains verifiable.