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https://warpcast.com/~/channel/defi-research
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Bolu🐱
@boluisbased
🛡️ In the wild west of DeFi, security isn't a luxury—it's survival. Enter Aegis @aegis_im, a project aiming to revolutionize decentralized security. But what does that actually mean? Let's dive into how Aegis is building a safety net for your crypto assets. A 🧵
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Bolu🐱
@boluisbased
💡Aegis is a startup blockchain technology company focused on stablecoin development outside the traditional banking system to provide a blockchain tool that preserves money and safeguards its value for everyone. 💰@Aegis_im has secured $2 million in early funding. The main investor was @DewhalesCapital, a group that invests using blockchain technology(DAO). Other investors included Profluent Ventures and Individual Investors.
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Bolu🐱
@boluisbased
The company has introduced YUSD,a bitcoin-backed stablecoin designed to function independently of fiat reserves. YUSD employs a delta-neutral strategy, balancing its Bitcoin exposure by selling BTC-margined perpetual contracts.
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Bolu🐱
@boluisbased
Users earn yields automatically by holding YUSD and registering their wallets with Aegis, eliminating the need for staking. Aegis emphasizes transparency, providing real-time proof-of-reserves, APY calculations, and insights into market positions. Imagine a digital dollar, called YUSD, that's tied to Bitcoin instead of regular money like dollars or euros. Basically, it's designed to stay steady in value. To make sure it's not too risky, they use a clever trick: they balance out their Bitcoin holdings by trading special Bitcoin contracts.
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Bolu🐱
@boluisbased
So why YUSD? 📌Complete Independence Using Coin-Margined perpetual contracts, we secure funding in base assets, ensuring independence from existing stablecoins. 📌Direct Rewards Aegis distributes profits effortlessly—no staking required, instant liquidity, and perpetual rewards for holding YUSD, claimable every seven days. 📌Real-Time Reserves Aegis ensures real-time transparency with a dashboard displaying off-chain reserves, exchange positions, and API access for direct monitoring.
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Bolu🐱
@boluisbased
📌Governed by DAO Aegis is governed by a DAO, enabling community-driven decisions, transparent governance, and active participation in protocol development. 📌Backed By Bitcoin Aegis holds Bitcoin as collateral and stabilizes YUSD by selling Bitcoin-margined perpetual contracts equal to exposure.
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Bolu🐱
@boluisbased
To explore the world of Aegis, check out their website aegis.im to gain more insights and follow https://x.com/aegis_im to stay up to date with new developments . END OF 🧵 If you found this thread helpful please do like, recast, comment and follow for more DEFI threads😊
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Undisputed
@undiputed
Security must be priority
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Tommy
@lxb1
This is a very good thread Thank you 😊
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Babatunde Dailass
@biggtunchy
This is something I have been willing to read about .. thanks for the info ..
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Brok3nAndAliv3🍖🎭 '🐱'
@brokenandalive
Traditional finance was built for the few. DeFi is built for everyone
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Marion🎩🎭🐱
@marion3611
A great thread
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CollectorGrim
@lordgrimwood
Defi is primarily the future of the world.
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Web3.$ensei✨🍖🎩🎭
@nita1722
A secured wallet is key
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@double377
Survival of the fittest in DeFi means staying secure, curious to see how Aegis is making that happen
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Bobo🎩
@double999
With all the risks in DeFi, having a solid safety net is a game-changer. Looking forward to learning more about Aegis
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Joseph🎭🔵🐱
@gojoe
Just the name Aegis alone breeds confidence
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Barney👑
@barney
I love security.
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Itachi🎭🍄🍖🎩🐐🐱
@uchi-ha
defi is absolutely secure
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Steph 🎭Ⓜ️🎩
@saucekid1207
This is great insight
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