Aegis

Aegis offers yield-generating stablecoins (YUSD and jUSD) that earn returns through delta-neutral funding rate arbitrage strategies. The protocol provides institutional-grade custody, off-exchange settlement, and real-time transparency for users seeking yield from crypto derivatives markets while maintaining stablecoin peg stability.

Aegis generates yield using a strategy that profits from periodic fee payments in cryptocurrency derivative markets, without taking a directional bet on prices. This involves balancing positions across spot and perpetual markets.

The YUSD stablecoin earns yield specifically from Bitcoin perpetual funding rates. It is backed by actual Bitcoin holdings, which are hedged with futures contracts settled in Bitcoin (known as COIN‑M futures). This setup works independently of traditional stablecoin systems.

The jUSD stablecoin earns yield from two sources: rewards for providing liquidity to Jupiter Perpetuals (via the JLP token), and from perpetual funding rates.

The protocol’s software automatically executes trades to capture funding fees – these are regular payments between traders that occur when the price of a perpetual contract differs from the spot price.

Profits are distributed through a clear schedule:

• YUSD holders can claim rewards every seven days, based on snapshots of their balance taken every eight hours.
• If you stake your YUSD as sYUSD, your yield is automatically reinvested, so your earnings compound over time.

New stablecoins (YUSD or jUSD) are only created when users deposit USDT or USDC as collateral into the Aegis Mint contract.

For safety, an insurance fund acts as a buffer against potential shortfalls. Additionally, the Aegis DEX allows margin trading where YUSD used as collateral continues to generate yield even while it is supporting trading positions.

Aegis raised a $2.0 million pre-seed funding round on March 25, 2025. The round included investment from Dewhales Capital. No additional funding rounds or investors are disclosed on official sources.