Aegis YUSD is a bitcoin-backed stablecoin developed by Aegis.

Key Features of YUSD

• Bitcoin-Backed: YUSD is backed by Bitcoin, providing stability and value tied to the cryptocurrency.

• Fiat Independence: Unlike traditional stablecoins pegged to fiat currencies, YUSD operates independently of the fiat banking system, offering an alternative for users seeking to avoid traditional financial systems.

• Real-Time Transparency: Aegis provides real-time transparency through detailed APY calculations and a proof-of-reserves panel, allowing users to monitor collateral assets and market positions.

• Built-in Yield Generation: Users can earn yields simply by holding YUSD and registering their wallet in the Aegis system, without requiring staking.

• Delta-Neutral Positioning: YUSD maintains stability by opening delta-neutral positions and selling BTC-margined perpetual contracts equal to its Bitcoin exposure.