Back

Unitas Labs Raises $13.33 Million Seed Round for Yield-Bearing Stablecoin Protocol

According to BitMart’s official announcement, the exchange will list Unitas Labs’ UP token on March 13, adding a public market trading venue after the project’s previously disclosed seed financing.

USDT

Summary

BitMart officially announced that it will list Unitas Labs’ token, UP, at 19:00 UTC+8 on March 13 and open trading for the UP/USDT pair. The update adds a new market milestone for Unitas Labs following its previously disclosed $13.33 million seed round for a yield-bearing stablecoin protocol. According to the official announcement, Unitas aims to build a global savings layer for digital assets using market-neutral and delta-neutral on-chain strategies.

Terms & Concepts
  • UP/USDT: A trading pair that allows users to exchange Unitas Labs’ UP token against USDT, a U.S. dollar-pegged stablecoin.
  • Market-neutral: An investment approach designed to reduce exposure to broad market direction by balancing positions so returns rely less on overall price moves.
  • Delta-neutral: A strategy structured to offset sensitivity to price changes in an underlying asset, aiming to limit directional market risk.