Owning UTY: Uses, Storage and Risks

Unity (UTY) is a synthetic dollar from YieldPoint, designed for use in DeFi rather than as a bank deposit or a claim on one US dollar. YieldPoint describes UTY as a way to access liquidity while keeping capital exposure and using strategies such as delta-neutral trading to seek yield. That description does not mean the token’s price or any return is guaranteed.

Before using UTY, check how you can mint or redeem it, what fees apply, and what assets or strategies support it. YieldPoint has not published those details in the facts here, so don’t assume you can exchange each UTY for a dollar on demand. Also check whether a DeFi app you plan to use accepts the specific UTY version on your chosen chain. A token with the same name or ticker on another network may not be the same asset.

UTY has been issued on Base, Avalanche and Katana. It is not listed as the native token of any of those chains. If you hold it in a wallet, select the network where your UTY is held; sending it to an address on a different network can leave it inaccessible unless a supported bridge or recovery method exists.

Use a wallet that supports the relevant chain and lets you verify the token contract before adding or receiving UTY. The contract addresses are not included here, so confirm them through YieldPoint’s official channels before interacting. Don’t rely on a ticker alone: anyone can create a token called UTY. You’ll also need the chain’s native asset to pay transaction fees, and the required asset differs by network. Check that the receiving exchange or DeFi app supports deposits on the exact same chain you intend to use.

As of 2026-11-08, UTY’s reported circulating and total supply were both about 13.0 million tokens; no maximum supply was reported. Its price was about $1, with a market capitalisation of about $13.0 million. These are time-sensitive figures, not guarantees of value or redeemability.

The reported 24-hour trading volume was about $79 on that date, which is very low. That can make it harder to trade at a quoted price, especially for larger orders, and the displayed price may not reflect what you can actually receive. UTY’s dollar-like target is not the same as a guaranteed dollar peg. Before treating it as cash-like, check current liquidity, trading venues, any redemption route, and the terms for withdrawing from YieldPoint. Don’t rely on a historical price or supply snapshot when making a transaction.

For self-custody, keep your recovery phrase offline and never share it, including with anyone claiming to offer support. Use a hardware wallet if appropriate for your needs, and verify the network and token contract before signing a transaction. A token can appear in a wallet without the wallet being able to recover it if you send it on an unsupported chain.

UTY also carries risks beyond ordinary wallet security. A synthetic dollar can lose its peg, and strategies intended to reduce market exposure can still lose money. Smart-contract faults, compromised keys, trading counterparties, liquidity shortages and changes to redemption arrangements could affect access or value. YieldPoint’s custody, audit and redemption details are not published here; check those directly before depositing funds. Never approve an unfamiliar contract or invest money you cannot afford to lose.