Aegis issues two delta‑neutral stablecoins, YUSD and jUSD, that maintain a 1:1 USD peg while generating yield through automated funding‑rate arbitrage on Bitcoin spot and COIN‑M futures or Jupiter liquidity provider tokens. Yield is distributed directly to holders each week without staking or lock‑up, and the protocol provides real‑time on‑chain proof‑of‑reserves and off‑exchange custodial settlement for full transparency and security. Users can also trade the yield‑bearing stablecoins on Aegis’s DEX, where the collateral continues to earn yield during trading.
Funding
$2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DCFounders
Product
Problem
Stablecoin users face exposure to counterparty risk and limited yield opportunities, while traditional stablecoins depend on fiat banking systems and lack transparent, real-time reserve reporting. Additionally, generating yield often requires locking assets or staking, reducing liquidity for traders.
Solution
Aegis offers two delta‑neutral stablecoins, YUSD and jUSD, that maintain a 1:1 USD peg without relying on existing stablecoins or fiat banks. Yield is generated through automated funding‑rate arbitrage on Bitcoin spot and COIN‑M perpetual contracts (YUSD) or Jupiter Liquidity Provider tokens (jUSD), and distributed directly to holders without staking or lock‑up periods. Real‑time transparency is provided via on‑chain proof‑of‑reserves, open exchange position data, and custodial vaults that settle off‑exchange. Users can trade the yield‑bearing stablecoins on Aegis’s DEX, where the collateral continues to earn yield during trading activities, and claim rewards weekly. The protocol is governed by a DAO and designed for regulatory compliance from launch.
Target Audience
Primary users are crypto traders, DeFi participants, and institutional investors seeking a stablecoin that offers yield without sacrificing liquidity or transparency.
Features
- Delta‑neutral stablecoins (YUSD backed by BTC spot & COIN‑M futures; jUSD backed by JLP tokens) that generate yield from perpetual funding rate arbitrage
- Direct weekly reward distribution with automatic compounding for sjUSD, eliminating staking or lock‑up requirements
- Real‑time on‑chain transparency of reserves, APY calculations, and open exchange positions via proof‑of‑reserves dashboards
- Off‑exchange settlement to custodial wallets, ensuring assets are never held on the exchange itself
- Integrated DEX allowing users to trade YUSD/jUSD while the collateral continues to earn yield (yield‑bearing margin)
- Multi‑asset collateral support and independence from traditional stablecoin infrastructure using coin‑margin perpetual contracts
- DAO governance and compliance framework aimed at meeting regulatory standards across jurisdictions