Bitcoin ecological stablecoin project Aegis completes $2 million Pre Seed round of financing, led by Dewales Capital

According to a report by Golden Finance, the Bitcoin ecosystem stablecoin project Aegis announced the completion of a $2 million Pre Seed round of funding, led by Dewales Capital, with participation from Profluent Ventures and a group of angel investors. The new funds will be used to support the development of its Bitcoin backed stablecoin YUSD, which maintains stability by establishing Delta neutral positions and selling BTC margin perpetual contracts equal to its Bitcoin exposure.