Bitcoin Ecosystem Stablecoin Project Aegis Completes $2 Million Pre-Seed Round of Financing, Led by Dewhales Capital
By:Cointime
The Bitcoin ecosystem stablecoin project Aegis announced the completion of a $2 million Pre-Seed round of financing, led by Dewhales Capital, with participation from Profluent Ventures and a group of angel investors. The new funds will be used to support the development of the stablecoin YUSD, which is backed by Bitcoin. This stablecoin maintains stability by establishing Delta-neutral positions and selling BTC perpetual contracts equivalent to its Bitcoin exposure.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$84,509.91
+3.01%
Ethereum
ETH
$2,159.27
-0.47%
Tether USDt
USDT
$0.9995
+0.02%
XRP
XRP
$2.14
+1.55%
BNB
BNB
$599.98
+3.10%
Solana
SOL
$139.7
-2.43%
USDC
USDC
$0.9999
-0.00%
Dogecoin
DOGE
$0.2011
+4.57%
Cardano
ADA
$0.6318
+1.68%
TRON
TRX
$0.2316
+2.22%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now