Unitas
About
Unitas is a yield infrastructure protocol that provides a yield-bearing stablecoin ecosystem. It offers USDu, a soft-pegged stablecoin backed by delta-neutral strategies, and sUSDu, a savings token that auto-compounds yield from protocol revenue. The protocol operates across Solana and BSC, transforming stable assets into productive capital through market-neutral yield generation.
Where Does Yield Come From?
Yield generation
Yield is produced through a basket of price-neutral strategies (delta-neutral strategies). These strategies hold actual assets while using short derivative contracts (perpetuals) to offset price exposure. This setup aims to avoid betting on price direction while capturing returns from trading activity and funding spreads.
Revenue sources
The protocol earns income from:
- Trading fees for providing liquidity
- Profits transferred from traders to liquidity providers
- Payments from perpetual market funding rates (periodic payments between long and short positions)
- Protocol fees for minting, redeeming, and liquidating positions
Rebalancing
The protocol continuously rebalances its positions, hedging every hour to keep price risk minimal. This allows it to capture yield from trading and funding spreads while maintaining a largely neutral stance to market moves.
The savings token
sUSDu is a yield-bearing savings token that automatically grows in value. It collects a share of the protocol's aggregated revenue, including:
- Fees from liquidity pools (JLP fee carry)
- Funding rate premiums
- Other returns from the price-neutral strategies
Yield distribution
The yield is split according to a fixed rule:
- 80% to
sUSDuholders - 10% to an Insurance Fund (for risk smoothing)
- 10% to the Treasury (for buy-backs and protocol development)
Audits
| Audit / Date | Findings | Verdict |
|---|---|---|
ScaleBit21-02-2025 - 10-03-2025 |
| ScaleBit's audit found no critical vulnerabilities, with the majority of identified issues (16 of 19) fixed before publication, though three medium‑risk design decisions around centralization, precision loss, and initialization access control remain acknowledged by the client. |
Oak Security GmbH04-04-2025 |
| Oak Security's audit revealed significant security flaws including critical denial-of-service and inflation attacks, though most were resolved; the protocol still carries acknowledged design risks around vault collateralization and administrative controls that warrant ongoing monitoring. |
ScaleBit01-09-2025 - 04-09-2025 |
| The audit uncovered several major security vulnerabilities including blacklist bypasses and lossless arbitrage opportunities, though the team fixed half of the issues. Centralization risks and reliance on off-chain pricing remain acknowledged concerns that require careful operational management. |
SlowMist23-10-2025 - 29-10-2025 |
| The audit found moderate risks primarily related to excessive privileges and off-chain dependencies, with all identified issues acknowledged but leaving the protocol with a medium-risk classification due to centralization concerns. |
ScaleBit06-01-2026 |
| The audit found no critical or high-severity vulnerabilities, only acknowledged centralization risks and minor issues, indicating the protocol's core security is sound but relies on trusted role management. |
ScaleBit01-09-2025 - 04-09-2025 |
| The audit revealed significant security risks including Major vulnerabilities in blacklist enforcement and arbitrage opportunities, with less than half of the identified issues fixed prior to report publication. The protocol exhibits substantial centralization and design risks that require careful mitigation. |
SlowMist23-10-2025 - 29-10-2025 |
| The audit classified the protocol as medium risk due to excessive privilege concerns and reliance on backend systems for critical operations, though all identified issues were acknowledged and the code was not yet deployed to mainnet. |
Oak Security GmbH04-04-2025 |
| The audit revealed significant security vulnerabilities including critical denial-of-service and inflation attacks, though most were resolved before deployment. However, the low test coverage and remaining acknowledged issues suggest ongoing caution is warranted for this stablecoin protocol. |
ScaleBit21-02-2025 - 10-03-2025 |
| The audit found no critical vulnerabilities, with all major issues fixed and medium risks acknowledged; however, centralization concerns and precision loss potential remain design considerations for the stablecoin system. |
Legal
Legal form
Private limited company (Pte. Ltd.)
Registration jurisdiction
Singapore
Status and notes
Terms of Service and Privacy Policy identify operator as Unipay Pte. Ltd. Governing law is Singapore; contact email [email protected]. Documents are available at docs.unitas.so/resources/terms-of-service and docs.unitas.so/resources/privacy-policy.