Gold has been humanity’s favorite store of value for roughly 5,000 years. Its biggest knock for roughly the same amount of time: it doesn’t pay you anything to hold it. Unitas Labs is betting that wrapping physical gold exposure in a yield-generating DeFi layer might finally change that equation.
The protocol launched XGLD on BNB Chain on June 3, a token fully collateralized 1:1 by Tether Gold (XAUt). Each XGLD unit is backed by the equivalent of one troy ounce of physical gold stored in Swiss vaults, but unlike simply holding XAUt in a wallet, XGLD generates yield through on-chain strategies built by Unitas.
How XGLD actually works
XAUt can be used to borrow stablecoins at up to 70% loan-to-value ratios. Those borrowed stablecoins are then deployed into yield-generating DeFi strategies. The returns flow back to XGLD holders, meaning investors get gold price exposure plus yield, without selling their gold position.
The BNB Chain pipeline
