YieldPoint

YieldPoint, which traded as XSY until 2026, issues UTY, a synthetic dollar held delta neutral. The position combines a long spot holding with an offsetting short so the dollar value stays roughly flat regardless of which way the market moves, and the yield comes from the funding those shorts collect. This is the same family of design as other basis-trading stablecoins in this directory, and it carries the same dependency: the yield exists while perpetual funding stays positive, and compresses or reverses when it does not. DefiLlama still lists the protocol under its old name.