Aegis has developed YUSD, described as the first Bitcoin-backed stablecoin with real-time transparency and independence from the fiat banking system. The product uses a delta-neutral approach and sells BTC-margined perpetual contracts equal to its Bitcoin exposure to maintain stability. YUSD offers a yield mechanism similar to Ethena but positioned to avoid risks associated with USDT, and users accrue yield simply by holding YUSD and registering their wallet—no staking required. The platform provides detailed transparency tools, including APY calculation breakdowns, a proof-of-reserves panel showing custodial vaults and collateral assets, and visibility into open market positions. Aegis plans integrations with industry protocols, liquidity pools, and lending providers and has a partnership with Riverside Hedge to provide instant liquidity. The company says it will use new funding to launch YUSD in Q1, fund an insurance pool, and expand the team.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2025