YUSD is a Bitcoin-backed stablecoin on Ethereum, pegged to USD, yielding passive income via delta-neutral hedging. More
Fully Diluted Valuation | $30.08M |
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24H Trading Volume | $26,864 |
24H Low / High | $1.00 / $ 1.00 |
Circulating Supply | 30.07M |
Total Supply | 30.07M |
Max Supply | ∞ |
Categories | Stablecoins 5 more |
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Founder | Anonymous |
Website | app.aegis.im Whitepaper |
Socials | 1 more |
Chains |
Ethereum Ecosystem
1 more
|
Explorer | Ethplorer 3 more |
Contracts |
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Name | Pair | OG Score |
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Aegis YUSD ($YUSD) is a decentralized stablecoin on the Ethereum blockchain, launched in February 2025 by the Aegis protocol to deliver a yield-bearing, Bitcoin-backed asset pegged 1:1 to the U.S. dollar. Unlike traditional stablecoins reliant on fiat or centralized reserves, $YUSD is collateralized by Bitcoin held in secure custodial vaults managed by trusted partners like Fireblocks, Copper, and Ceffu.
The protocol employs a delta-neutral hedging strategy, using Bitcoin-margined perpetual contracts to offset BTC price fluctuations, ensuring $YUSD maintains its $1 peg regardless of market volatility. This approach generates passive yields for holders—typically through funding rate arbitrage on perpetual contracts—without requiring active staking, with profits automatically distributed to $YUSD wallets.
The token’s total supply adjusts dynamically based on minting and redemption, with approximately 10 million tokens circulating and a market cap of around $10.19 million. $YUSD is versatile, serving as a stable medium of exchange for DeFi payments, collateral for lending and borrowing on platforms like Uniswap V3 and Curve, and a reliable option for institutional adoption due to its transparent, compliant framework.
Aegis’s real-time proof-of-reserves panel details APY calculations and custodial holdings, reinforcing trust. The protocol plans a transition to DAO-based governance, allowing $YUSD holders to influence treasury management and ecosystem growth. Traded on decentralized exchanges like Uniswap V3 (where the YUSD/USDT pair sees $22,406 daily volume) and centralized platforms like Bybit, $YUSD’s 24-hour trading volume recently hit $215,452, though it dipped 48.4% from the prior day, reflecting market fluctuations.
With audited smart contracts and a focus on regulatory compliance, $YUSD aims to bridge crypto-native stability with mainstream finance, offering a secure, yield-generating alternative for DeFi participants and risk-averse investors alike.
$YUSD is uniquely Bitcoin-backed, maintaining a $1 peg through delta-neutral hedging while generating automatic yields via funding rate arbitrage, offering stability and passive income without staking.
The founders of Aegis YUSD are anonymous, developed under the Aegis protocol team with no specific individuals publicly named.
The backers of Aegis YUSD are not explicitly disclosed, though the project partners with custodians like Fireblocks, Copper, and Ceffu for secure Bitcoin reserves, suggesting ecosystem-driven support.
Uniswap V3 (Ethereum), Curve (Ethereum)
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