February 26, 2025
Aegis, a startup focused on stablecoin development outside the traditional banking system, has secured $2 million in a pre-seed funding round. The investment was led by Dewhales, an on-chain decentralized autonomous organization (DAO), with participation from Profluent Ventures and several angel investors known for backing companies such as Uniswap, Stellar, and Paradigm.
The company has introduced YUSD, a bitcoin-backed stablecoin designed to function independently of fiat reserves. YUSD employs a delta-neutral strategy, balancing its Bitcoin exposure by selling BTC-margined perpetual contracts. Users earn yields automatically by holding YUSD and registering their wallets with Aegis, eliminating the need for staking. Aegis emphasizes transparency, providing real-time proof-of-reserves, APY calculations, and insights into market positions.
The funding will be used to launch YUSD in the first quarter of 2025 and integrate it with liquidity pools, lending platforms, and DeFi protocols. Aegis also plans to expand its team and allocate funds to an insurance pool supporting the stablecoin’s operations.
About Aegis
Aegis is a blockchain technology company developing YUSD, a Bitcoin-backed stablecoin designed for transparency and independence from the fiat financial system. The platform offers proof-of-reserves, yield generation, and DeFi accessibility. Established in 2024, Aegis is led by a team of financial industry professionals with experience in investment and trading.
Website: https://aegis.im/
X: @aegis_im
About Investor
Dewhales
Dewhales is an on-chain DAO that invests in blockchain-based financial solutions. The organization focuses on supporting projects that prioritize decentralization, financial transparency, and long-term economic sustainability.
Location: Delaware, United States
Website: https://dewhales.capital/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments