Unit protocol: Hyperliquid ecosystem's asset tokenization infrastructure | Super early project attention

Author: Scof, ChainCatcher

Although Twitter currently has only one project introduction and the founder and investor are unknown, Unit has attracted the attention of many crypto-powered VVs including ZhuSu. Since its launch, it has attracted more than $50 million worth of BTC to flow into Hyperliquid. Encryption KOL @chameleon_jeff even reposted and commented: The launch of Unit has brought Hyperliquid one step closer to accommodating all financial assets.

So, what exactly is this so-called "protocol built specifically for Hyperliquid"?

What is the Unit protocol?

Unit is the asset tokenization protocol layer in the Hyperliquid ecosystem, committed to achieving cross-chain and seamless storage and withdrawal of multi-chain native assets. As the underlying infrastructure designed specifically for Hyperliquid, Unit opens up the flow channels between mainstream crypto assets (such as BTC, ETH, SOL) through technological innovation. Users can complete the following core operations:

1. Direct deposit: transfer BTC/ETH/SOL to Hyperliquid from a personal wallet or exchange account, and currently the minimum deposit of 0.002 BTC
2. Free Trade: Trading mainstream assets in Hyperliquid spot order book or exchange them for USDC
3. Native withdrawal: Extract assets directly to any address on the target chain

Architecture analysis

The Unit protocol adopts a distributed architecture design, and its core consists of two modules: Guardian Guardian Network and Agent Intelligent Agent:

Guardian Network

1. Decentralized verification: a 2/3 threshold multi-party computing (MPC-TSS) network composed of independent operating nodes. All operations require consensus of most nodes.
2. Full-chain data verification: Each node independently runs the native chain indexer to verify the end of on-chain transactions in real time
3. Security key management: Private key fragments are distributedly stored in secure enclave environments such as AWS Nitro to eliminate the risk of single-point attacks
4. Leadership-Following Mechanism: Pre-selected leadership nodes to coordinate proposals, follow nodes to independently verify all instructions, and the relay server only transmits information

Intelligent Agent

1. Chain service module: monitor cross-chain deposits, confirm transaction endpoints, and build broadcast transaction packages
2. Flow management engine: a multi-step execution framework based on state machine to ensure that protocol operations are strictly executed in sequence
3. Consensus service layer: Implement the t-of-n arbitration rule (default 2/3 threshold), and the key operations require signature confirmation of most nodes.
4. Wallet Manager: Coordinate MPC key operations, manage encryption private key fragmentation and execute threshold signatures

What problems can Unit solve?

As a neutral infrastructure of the Hyperliquid ecosystem, Unit realizes the native cross-chain circulation of mainstream assets through distributed architecture design while ensuring security. Its technological breakthroughs respond to the community's long-term demand for spot trading and provide underlying support for on-chain financial product innovation. By combining traditional CEX-level features with DeFi native features, Unit is improving the efficiency of decentralized transactions.

At the same time, Unit's implementation unlocks multi-dimensional application scenarios for the Hyperliquid ecosystem:

1. Unified trading experience: Users can complete spot and perpetual contract transactions on the same platform, supporting cross-asset hedging of portfolio margin
2. Improve capital efficiency: improve capital utilization through the portfolio margin mechanism and promote the growth of transaction volume on the entire platform
3. On-chain financial infrastructure: Provides verifiable CLOB clearing solutions for DeFi protocols, supporting DAO on-chain treasury management
4. Derivative innovation: Realize spot Delta hedging and options real-time settlement, and build spot-futures basis trading infrastructure

These advantages are intuitively reflected in transaction fees. According to the tweet from the encrypted KOL @smartestmoney_, the comparison table produced by @hyperunit shows that trading mainstream currencies such as BTC and ETH on hyperliquid will be 10 to 25 times lower than trading on traditional CEX.

The official has not disclosed more project-related information. The launch of the main network has enabled users to deposit or withdraw BTC through self-hosted wallets or centralized trading accounts, and the functions that support ETH and SOL will be launched in the near future.