Aegis
Project description:
Aegis introduces a Bitcoin-backed stablecoin (YUSD) designed to deliver complete transparency, yield generation, and independence from the fiat system. The platform enables seamless trading of YUSD for other stablecoins on decentralized exchanges while offering weekly governance fee rewards directly in YUSD. Aegis ensures full visibility into APY calculations, proof-of-reserves, and open market positions. New YUSD is created exclusively when collateral is securely locked within the Aegis Mint smart contract, with assets safeguarded by premier custodians and kept off centralized exchanges. With no lockups or waiting periods, YUSD ensures 24/7 tradability and unrestricted access to funds, providing a secure and efficient solution for stablecoin transactions.
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