DeFi Strategy Platform XSY.fiCompleted $5 million in Pre-A round of financing

Mars Finance News: According to The Defiant, the DeFi strategy platform XSY.fi has launched the beta version of the synthetic dollar stablecoin Unity (UTY) on the Avalanche blockchain and announced the completion of a $5 million Pre-A round of funding, led by Protagonist Ventures and Borderless Capital, with participation from Paper Ventures, Chainview Capital, Blizzard the Avalanche Fund, and Sonic Boom Ventures. Users can mint UTY by staking AVAX, earning passive income while maintaining their original asset exposure. UTY uses automated strategies to manage market risks without requiring active user intervention. AVA Labs' Chief Business Officer stated that this product will enrich the DeFi toolkit of the Avalanche ecosystem. XSY has simultaneously launched a limited-time points program, where users can accumulate points through actions like minting and providing liquidity, which can be exchanged for governance rights in the future.