DIP075 - Add Collateral Support for XAUt (Tether Gold) on Unitus Finance
Summary
This proposal suggests enabling collateral support for XAUt (Tether Gold) on Unitus Finance. XAUt is a fully backed, tokenized gold asset issued by Tether, designed to provide on-chain exposure to physical gold.
By supporting XAUt as collateral on Unitus Finance, dForce can further deepen its existing RWA framework with a time-tested, low-volatility commodity asset. XAUt complements dForce’ current RWA offerings by adding tokenized gold exposure, helping attract risk-aware liquidity providers, enhance collateral diversification, and reinforce dForce’s leadership in the broader RWA DeFi sector.
Background
XAUt (Tether Gold) is a tokenized representation of physical gold, with each token corresponding to one troy ounce of LBMA-standard gold held in secure vaults. Issued by TG Commodities Limited, an affiliate of Tether, XAUt provides on-chain exposure to gold’s price performance while remaining fully backed by allocated physical reserves. Each token is linked to specific gold bars, and the issuer publishes periodic attestations and transparency reports detailing reserve holdings and custody arrangements.
XAUt closely tracks the spot price of gold and exhibits significantly lower volatility than crypto-native assets. It maintains meaningful circulation and on-chain liquidity across Ethereum, Arbitrum, and Polygon, and has seen growing adoption in DeFi as a store-of-value and diversification collateral. As tokenized real-world assets continue to gain traction, XAUt represents a mature and widely recognized example of tokenized commodity integration in DeFi.
Motivation
Supporting XAUt offers clear strategic benefits to the dForce ecosystem:
- Expand RWA Offerings: XAUt complements dForce’s existing real-world asset initiatives, reinforcing its position as a leading bridge between traditional value and DeFi.
- Low-Volatility Exposure: Gold-backed XAUt provides dForce users with a stable, non-correlated asset, serving as a reliable store of value and hedge against crypto market fluctuations.
- Enhanced Capital Efficiency: Enabling XAUt as collateral allows dForce participants to deploy assets in yield strategies without additional borrowing risk, improving risk-adjusted returns and increasing engagement.
- Strengthened Credibility: XAUt’s established reserves and transparent audits demonstrate dForce’s commitment to secure, compliant tokenized assets, attracting sophisticated, risk-aware users to the ecosystem.
- Cross-Chain Composability: With XAUt available across multiple networks, dForce can leverage multi-chain integrations and future DeFi composability, unlocking broader participation and innovative strategies across ecosystems.
Implementation
Asset Configuration
| Parameter | Value |
|---|---|
| Name | dForce XAUt |
| Symbol | iXAUt |
| Chains | Ethereum / Arbitrum / Polygon |
| Collateral Support | Yes |
| LTV | 80% |
| Liquidation Threshold | 85% |
| Reserve Ratio | 10% |
| Liquidation Penalty | 7% |
| Supply Cap | 5,000 |
| Borrow Cap | 5,000 |
| Interest Model | Same as iBTC |
Oracle & Pricing
- Oracle: Chainlink XAU/USD
Proposal
The dForce community proposes enabling XAUt as collateral on Unitus Finance across Ethereum, Arbitrum, and Polygon.
Adding XAUt brings a low-volatility, gold-backed asset to Unitus’ collateral pool, further diversifying RWA exposure, enhancing protocol stability, and attracting risk-conscious participants.
Off-Chain Vote
For
16.46M DF100%
Against
0 DF0%
Abstain
0 DF0%
Timeline
Jan 08, 2026Proposal created
Jan 08, 2026Proposal vote started
Jan 11, 2026Proposal vote ended