XSY
A synthetic dollar protocol on Avalanche that issues UTY, a market-neutral stablecoin paired with yUTY as its yield-bearing variant.
What is XSY?
XSY is a synthetic dollar protocol on Avalanche that issues UTY, a token backed by market-neutral crypto trading strategies, and yUTY for users who want exposure to the underlying yield. Reserves are visible through a real-time proof-of-reserves dashboard, and the team integrates institutional custody and exchange infrastructure.
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XSY alternatives
Explore web3 competitors and apps like XSY.
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SynthetixApp store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
