Official Channels
Official Website: https://aegis.finance/
Official Medium: https://medium.com/aegisdefi-blog
Official Twitter: https://twitter.com/AegisDeFi
Official Telegram: https://t.me/AegisEN
Official Discord: https://discord.gg/ht2MN5p
Official Github: https://github.com/AegisDeFi
Official Chinese Channel：https://www.huoxing24.com/userCenter/2b9ca406f5614d40b73912b55821eda1
Important Materials
Materials in English
- Litepaper
https://aegis.finance/whitepage/AegisNetworkLitepaperEN.pdf - Medium Blogs
What is Aegis DeFi and why it can define DeFi 2.0?https://medium.com/aegisdefi-blog/what-is-aegis-defi-and-why-it-can-define-defi-2-0-a8af42f6ac41
Aegis: what can DeFi do when the world facing financial collapse?https://medium.com/aegisdefi-blog/aegis-what-can-defi-do-when-the-world-facing-financial-collapse-c9bec487af69
Aegis DeFi brings DeFi under spotlight of tradtional media.https://medium.com/aegisdefi-blog/yahoofinance-aegis-network-a-scalable-liquidity-bridge-between-fiat-and-defi-ecosystems-61c7e4fa7808
Everything you need to know about $AEGIS token: Economics, Distribution and how to get it.
https://medium.com/aegisdefi-blog/everything-you-need-to-know-about-aegis-token-economics-distribution-and-how-to-get-it-245bd383d7be
Executive Summary
Aegis is a scalable Liquidity Bridge between fiat and DeFi Ecology.
Current DeFi platforms such as Compound offers lending and borrowing services underpinned by the over-collateralization of crypto assets. However, one downside of this methodology is that capital extraction is inefficient, and users are unable to unlock the full value of their digital asset portfolio. Aegis is a scalable DeFi platform that solves this problem by giving users access to lending and unsecured borrowing services, based on their credit scores. An “Aegis Score” is then assigned to the individual users, which allows users to unlock corresponding capital loans in the crypto ecosystem. Aegis therefore play the critical role of a capital bridge that gives users the ability leverage and move liquidity seamlessly between fiat and crypto ecosystems.
Ecosystem of Aegis
Aegis is a scalable DeFi network which offers solutions for over-collateralization in existing DeFi lending business. In order to provide users with more diversified lending services and lending-based derivative issuance, Aegis will work with partners to build Aegis Ecosystem including:
- POS-based Blockchain: Ethereum, COSMOS, Polkadot, TRON.
- Traditional Financial Service Providers: Alipay, Visa, Mastercard, American Express for user credit validation.
- DEXs & Markets: Uniswap, Balancer, 1inch, Mesa.
- Oracles & Protocols: Chainlink, Augur, Band Protocol, Aeternity.
- Crypto Wallets: Enjin, Imtoken, Kcash, Trust Wallet, MetaMask.
Components & Products
Aegis is a scalable DeFi platform that give users access to lending and unsecured borrowing services, based on their individual credit scores.
At the same time, Aegis will develop a suite of asset management products for its user base that allow them to participate in DeFi investing and asset trading all within the Aegie platform.
I. Lending, Collateralized Borrowing and Unsecured Borrowing
Besides lending and collateralized borrowing, Aegis features Unsecured Borrowing. Aegis uses a proprietary AI-powered credit scoring algorithm to assess users’ creditworthiness based on the data provided, and assign an “Aegis Score” to each user, which is similar to traditional risk profile assessments. The Aegis Score determines the maximum credit that a user is allowed to draw down from the liquidity pool.
II. Derivatives Issuance and Trading Protocol
On top of the lending/borrowing layer, Aegis Network allows users to directly trade a wide range of crypto assets and traditional financial market instruments with its native derivatives issuance and trading protocol.
III. Credit Default Swaps as Insurance for Unsecured Borrowing
Aegis Network takes a firm position on risk management, to ensure that lenders in the network receives sufficient protection and recourse in case of any defaults.
IV. AUSD — Stability and Proof of Equity
Aegis Network shall issue a native stablecoin — AUSD as to provide stability of value for the Aegis ecosystem and proof-of-equity for its lending services.
V. Asset Management Platform
Through a user-friendly portfolio management dashboard, Aegis users undertake a questionnaire to determine their risk/rewards tolerance, and is subsequently assigned their individual risk tolerance profiles with Aegis Network.
IV: A One-Stop Solution for the Fiat-to-DeFi Value Chain
With the above three core components, Aegis Network is able to truly provide its users with a one-stop DeFi lending, trading and asset management solution that captures the end-to-end transaction and financial management value chain.
Token Economics
As the utility token powering the Aegis network, the AEGIS token drives ecosystem value through the following use cases:
I. Gas and Transaction Fees
Lending, borrowing, trading and asset management activities may incur gas and transaction fees with Aegis Network. Users get a discount on these fees should they choose to pay them in AEGIS tokens.
II. Staking and Network Validation Rewards
Aegis Network validators must stake a certain amount of AEGIS tokens as collateral to participate in the validation of on-chain transactions and validation of users’ credit lines and quotas for unsecured loans.
III. Collateral
AEGIS tokens may be used as collateral to borrow capital from the Aegis liquidity pool, and is subjected to the same collateralization models provided in the technical design.
IV. Network Governance
AEGIS token holders within the community retain the rights to raise proposals and vote on these proposals. The proposals may include the change of staking rewards or updates on the blockchain, and are subject to majority vote requirements and minimum quorum requirements for network proposals. AEGIS tokens are required to be staked by proposal creators and voters.
V. Deflationary Token Burn
A proportion of the gas and transaction fees incurred in the Aegis Network shall be used to buy back and burn AEGIS tokens from the open market, creating a deflationary mechanism that reduces the supply of AEGIS tokens.
News Coverage
YahooFinance：
https://finance.yahoo.com/news/aegis-network-scalable-liquidity-bridge-140000310.html?guccounter=1
AP News:
https://apnews.com/b075414654a15f1e7ef4f24a753f9e97
YahooNews:
https://news.yahoo.com/aegis-network-scalable-liquidity-bridge-140000310.html
Digital Journal:
http://www.digitaljournal.com/pr/4765229l
Tokensale Allocation
AEGIS will be the utility token of Aegis DeFi Eco-system . AEGIS will be issued soon via a series of Token Sale through multiple channels. AEGIS token acts as the medium of payment and gas fees or commissions in the process of on-chain transactions, credit lending, asset issuance, trading, and other services. Fees will be partially burned, and partially extracted to the Aegis Collateral Pool to hedge the market and security risks. Also, AEGIS tokens will apply a deflationary mechanism to better secure the values of AEGIS.
Total Supply of AEGIS is 30,000,000. Within the capped supply there will be a liquidity mining incentive pool（Yield Farming), the fees for various operations will be burned and a Deflationary mechanism will be introduced.
AEGIS token’s utility lies in its double feature as both collateral and as an entrance requirement to the Aegis DeFi Ecosystem. Each use of the Aegis protocol starts with the deposit and lock-up of digital assets and the issuance of credit and other collateral backed derivatives by engaging the Aegis Protocol, which demands AEGIS tokens. Product-driven business growth of AEGIS lending & borrowing services as well as lending-based derivatives will create continuously growing demands for AEGIS tokens in the open market as participants will need to purchase or borrow the tokens to meet their operational demands for lowering down the collateral ratio.
