Aegis YUSD
AuditedVerifiedNewAegis issues YUSD, a Bitcoin-backed, delta-neutral synthetic dollar that generates yield from BTC perpetual funding rates earned at custodial CEX venues.
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The Problem
Existing fiat-backed stablecoins (USDC/USDT) carry banking-rail censorship risk; ETH-collateralised synthetic dollars (Ethena's USDe) concentrate exposure to a single collateral asset and its staking yield environment.
The Solution
YUSD is collateralised exclusively by Bitcoin held at regulated centralised custodians with delta-neutral short BTC perpetuals — capturing BTC funding rates as yield while avoiding fiat banking dependencies and ETH-specific collateral concentration.
Why it Matters
First scaled Bitcoin-backed delta-neutral stablecoin with real-time third-party Proof-of-Reserves (Accountable) and a published transparency dashboard breaking down per-CEX custody exposure.
Protocol Metrics
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View allFrequently asked questions about Aegis YUSD
What is Aegis YUSD?+
Aegis YUSD is a Stablecoin protocol operating on Ethereum, BSC, Avalanche. Aegis issues YUSD, a Bitcoin-backed, delta-neutral synthetic dollar that generates yield from BTC perpetual funding rates earned at custodial CEX venues.
How does Aegis YUSD work?+
YUSD is collateralised exclusively by Bitcoin held at regulated centralised custodians with delta-neutral short BTC perpetuals — capturing BTC funding rates as yield while avoiding fiat banking dependencies and ETH-specific collateral concentration.
Is Aegis YUSD safe?+
DeFi Sentinel rates Aegis YUSD B with a safety score of 58/100, indicating high risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Aegis YUSD has 5 audits on record. DeFi Sentinel's analysis flagged 1 high, 7 medium, 6 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Aegis YUSD?+
Aegis YUSD has a DeFi Sentinel safety score of 58/100 (rating B), last updated May 22, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Aegis YUSD support?+
Aegis YUSD is deployed on Ethereum, BSC, Avalanche.
Has Aegis YUSD been audited?+
Yes. Aegis YUSD has 5 audit reports on record from firms including Hacken, Hashlock, Hashlock. Audit reports and dates are linked under the Resources tab on this page.