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Aegis
Basis Trading
Aegis is a DeFi protocol that issues YUSD, a Bitcoin-backed stablecoin. It generates yield through funding rate arbitrage in perpetual and spot markets, distributing rewards daily without requiring staking or lockups. With built-in transparency, custodial security, and independence from fiat systems, Aegis aims to provide stable, accessible, and resilient on-chain savings.
Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Aegis?
Information
Exploit/Hacks
None
Info
- Website
- Tags: Basis Trading
Key Metrics
- TVL: $30.4M (Rank #176)
- TVL Ranking by Basis Trading: #4
- Blockchain: Ethereum, Binance
- Chain TVL
- Ethereum: $22.37M
- Binance: $7.99M
Risk Assessment
Average
Protocol Code Quality
- Code reviewed by at least one experienced auditor; Sherlock and Hacken
- Public team promotes accountability
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2025; maturity less than six months increases technical risk as smart contracts are less battle-tested
- Top 20% by total value locked slightly reduces risk
- Requires members of a DAO to vote on-chain for approving contract upgrades
- No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
- No governance token and/or contracts are fully immutable
Protocol Design
- This protocol is susceptible to risks related to yield optimizers which deploy custom strategies to automatically manage user funds
Things to know about Aegis
Aegis Pools
