{
  "url": "https://blockindex.ai/coin/yusd",
  "name": "Aegis YUSD",
  "links": {
    "github": null,
    "website": "https://yield.fi/",
    "whitepaper": null
  },
  "dScore": 28,
  "market": {
    "priceUsd": 0.9984739368110034,
    "marketCapUsd": 40597182.51165821,
    "volume24hUsd": 34126.09548543,
    "priceChange7dPct": 0.01651211,
    "priceChange24hPct": 0.00459414
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 40659231.0674832,
    "circulatingPct": null
  },
  "ticker": "YUSD",
  "founder": "N/A",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:33.437634+00:00",
  "fairLaunch": false,
  "launchYear": 2024,
  "description": "Aegis YUSD is a Bitcoin‑collateralized, delta‑neutral yield-bearing stablecoin issued as an ERC‑20 token on the Ethereum network. The protocol mints YUSD against fiat‑pegged stablecoin collateral (USDT, USDC, or DAI), converts that collateral to BTC via OTC desks, and deposits the BTC with institutional custodians. To maintain a dollar peg while capturing yield, Aegis opens short positions in BTC‑margined perpetuals to neutralize spot Bitcoin exposure and harvest funding‑rate yield. Yield is distributed frequently to token holders (the source materials describe distributions occurring three times daily) and is claimable without staking, lockups, or withdrawal delays. The project emphasizes institutional custody, off‑exchange settlement, auditable on‑chain BTC collateral, and a read‑only API surface for transparency into exchange positions and collateral holdings.\n\nTechnically, Aegis YUSD is designed as a tokenized mechanism that couples on‑chain transparency with off‑chain institutional infrastructure. The smart contract governs minting and redemption flows while custody, collateral conversion, and futures execution are handled by regulated infrastructure partners. The documentation and scraped profile call out institutional custody providers (Fireblocks, Copper, CEFFU) and the use of OTC desks for collateral conversion. Because the token lives on Ethereum, it inherits Ethereum’s consensus and network characteristics (post‑merge PoS consensus) while the yield‑generation mechanics occur primarily via derivative markets off‑chain. The contract address and token metadata are published in token listings (contract: 0x4274...a8DA0a), enabling holders and marketplaces to reference circulating supply and holders data on aggregator sites.\n\nIn terms of real‑world use cases, Aegis YUSD targets users and institutions seeking USD‑pegged stable value with embedded yield without direct reliance on fiat‑backed reserves. Its intended audience includes yield seekers, treasury managers, and trading desks that prefer a BTC‑collateralized instrument instead of traditional fiat‑backed stablecoins. The delta‑neutral strategy intends to limit directional BTC exposure while providing continuous funding‑rate returns; an Insurance Fund is documented to cover negative funding stress scenarios. The token is also positioned for liquidity provisioning on stablecoin‑focused DEX pools (the token is present on Curve), and on‑chain transparency aims to allow independent verification of BTC collateralized positions.\n\nTokenomics and market metrics available in the provided sources show a circulating supply of approximately 40.65 million YUSD, roughly 4.32K holders, a live price near parity to USD (source shows $0.998236), market capitalization around $40.58M, and modest 24‑hour volume (~$945.91). Specific details about max supply, decimals, initial distribution, premine, and PIP (public initial percentage) were not disclosed in the supplied files. Where the whitepaper or contract details are absent, the documentation states that minting occurs only when collateral is deposited into the Aegis mint contract and that no staking is required to earn yield — yield accrues to holders by design.\n\nGovernance today is described as foundation‑led with an expressed plan to transition toward DAO‑based governance for protocol upgrades and ecosystem growth. The project operates under a Foundation structure (per the scraped content) and the governance transition pathway is referenced, but no on‑chain DAO processes or token‑voting mechanics are yet documented in the provided materials. Overall, Aegis YUSD presents a hybrid on‑chain/off‑chain architecture emphasizing institutional custody, derivative markets for yield capture, and ERC‑20 transparency — a model aimed at institutional usability and a predictable yield experience while maintaining an on‑chain token and market presence.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": true,
    "consensus": "PoS",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 7,
    "governance": 16,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}