Is the gold covered? Don't panic, then let it thrive! Due to the depletion of liquidity, people in the cryptocurrency industry have been forced to turn to other investment products, and gold is one of them. After hitting $5.6k in February, it has been falling all the way, and many teachers don't know that the Golden Man is calculated on an annual basis... What should we do? Cutting meat or adding storage, why are there only these two options? Essentially, there are too few golden gameplay options. Let's dive in! ⬇️ For thousands of years, gold has been a globally recognized safe haven asset and value storage tool. Regardless of economic conditions or inflation, people like to hold it, which can be said to be the strongest consensus. But gold also has a fatal flaw: it does not generate returns on its own, it neither generates interest like deposits nor dividends like stocks, and its returns are highly dependent on price risk exposure. Entering the era of DeFi, smart people have identified pain points and made genius like modifications, namely, tokenizing gold on the blockchain. The XAUt issued by Tether has tokenized physical gold stored in Swiss vaults at a 1:1 ratio, with each unit of XAUt corresponding to one troy ounce of physical gold, and the price fluctuating with international gold prices. Tether has completed the first step in generating returns for gold: going live, but XAUt itself is still "dead", holding it can only enjoy the rise in gold prices, and there is no additional income when idle. @UnitasLabs' XGLD is designed to solve this problem: it allows gold to "move" and generate revenue while retaining gold price exposure. We are very familiar with Unitas. Let's talk about it later. First, let's explain how XGLD achieves profitability. Simply put, holding XAUt is equivalent to holding physical gold, and then storing XAUt in Unitas to cast XGLD. The equivalence relationship here is: 1oz gold=1 XAUt=1 XGLD From this, it can be seen that XGLD is 100% backed by XAUt, so you can take full responsibility for any fluctuations in gold prices. This step first establishes that the gold attribute remains unchanged. This is very important, if this attribute changes, the subsequent interest will be irrelevant. Let's continue. The process of casting XGLD is actually the Unitas protocol using the XAUt you deposit as collateral to conservatively lend out stablecoins. The borrowed stablecoins are not for gambling on price fluctuations, but for entering the delta neutral strategy. We have explained this before, and you can flip through it. In layman's terms, this investment strategy can filter out price fluctuations and generate returns through methods such as fund rates, transaction fees, and liquidity mining. As mentioned earlier, conservative lending is important. The loan to value ratio (LTV) is usually controlled at around 70%, leaving a safe buffer and allowing for real-time monitoring and adjustment of positions. After deducting a small amount of expenses, the strategy earns money and automatically compound interest to the holders through XGLD's net asset growth NAV, completing the interest earning process. So to summarize: XGLD=Physical Gold Exposure+Unitas' Neutral Yield Engine. Gold itself does not generate interest, but the agreement achieves productivity conversion through "collateralized borrowing → neutral strategy earning → profit sharing". / Gold is one of the most easily understood RWAs by global users, with high cultural identity, strong anti inflation properties, and relatively mild volatility compared to crypto, making it very suitable for DeFi. XGLD is not an isolated product, but a natural extension of Unitas' overall product matrix. I have also introduced before that the core positioning of Unitas is a decentralized yield infrastructure protocol, and the core engine is that basket of delta neutral strategies. Let's review the previous products: ∝ USDu: Synthetic USD stablecoin ⊙ s USDu: Interest bearing version, automatic compound interest If you look closely, you will find that XGLD is actually grafting the same engine onto gold. Essentially, it extends the interest logic from the US dollar to multiple asset classes. Users can hold both interest bearing USD s USDu and interest bearing gold XGLD, and there may be more in the future. Cut the entrance? BSC！ XGLD launches BSC, and from a broader perspective, Unitas is building a multi asset interest bearing layer on BSC and multi chain: Bottom layer: delta neutral strategy engine ⊙ Mid level: Yield bearing tokens for different assets Upper level: Users can hold multiple "interest earning" RWAs in one place The emergence of XGLD marks the shift of DeFi from "betting on the crypto cycle" to "building sustainable infrastructure". Gold, this ancient asset, has for the first time achieved the possibility of both preservation and appreciation on the blockchain. With the expansion of product lines, ecological cooperation, and the practical and reliable implementation of RWA, the Unitas token UP has truly risen, and the secondary market has also reached a historical high, which can be said to be very rare in a bear market. Of course, the safety of all profits is a prerequisite. The Delta neutral strategy ensures a safe boundary for earning, and real-time position verification, monitoring, and dynamic adjustment are also important. Transparency is more important from a project perspective, and XGLD is provided with real-time asset reserve proof by @ prius_1abs, which can be verified on the chain. If you are bullish on gold in the long run, you can ignore short-term price fluctuations and introduce XGLD while holding spot, turning your gold into a hen that can lay eggs, a fighter jet among hens. Wish us good luck! / Author: Anymose | A Soft Core Science Popularization Writer This article is for educational purposes only and does not constitute any investment advice. Always remember DYOR!