# XSY

> Track XSY with daily standardized on-chain data across 2 chains. Compare XSY with other real-world asset (RWA) issuers. See charts and datasets in one place.

Source: [XSY on Token Terminal](https://tokenterminal.com/explorer/projects/xsy). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Real-world asset (RWA) issuers
- Chains: avalanche, base

## About

### What it is

XSY provides a yield-generating protocol that allows users to mint UTY tokens by depositing USDC and earn yields above 15% APY through perpetual contract funding strategies. The platform offers two vault options: yUTY for auto-compounding yield payments and xUTY for governance token accumulation, with plans to expand into inverse basis trading, tokenized T-Bills, and tailored liquidity loops.

### Who uses it

XSY is a decentralized finance protocol built by cryptocurrency and traditional finance veterans from Algorand, Paxos, and major Wall Street derivatives firms. The project operates on Avalanche blockchain with institutional-grade security through Quantstamp audits and Ceffu & Copper custody solutions.

### How it works

The protocol generates returns by providing funding via perpetual contracts while hedging positions through underlying token ownership to eliminate price risk, effectively capturing perpetual basis yields that typically exceed 14%. Users can mint UTY with USDC, choose their preferred vault strategy, and withdraw funds after a 7-day unbonding period designed to protect against mass withdrawals and allow safe position closure.

## Metrics

Token Terminal tracks these metrics for XSY daily. Each page has a chart with the full history.

- [Outstanding supply](https://tokenterminal.com/explorer/projects/xsy/metrics/outstanding-supply)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/xsy/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/xsy/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/xsy/metrics/active-addresses-monthly)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/xsy/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/xsy/metrics/gas-used)

## Links

- [twitter](https://twitter.com/xsy_fi)
- [website](https://xsy.fi)