Introduction

The cryptocurrency industry is evolving at a rapid pace, and with it, expectations for transparency are increasing. For stablecoins, the bar is higher than ever. Users and investors expect these tokens to be reliably backed, with verifiable data to support this claim. As DeFi continues to evolve, stablecoins have become an essential tool for on-chain liquidity, protocol growth, and passive yield generation. To stay competitive in the current market, every yield-bearing stablecoin protocol is expected to provide:

• A proof of reserves

• Collateral ratio attestations

• Insurance fund reserve

• Data verifiability

• A native yield indicator that’s frequently updated

To meet these standards, Aegis partnered with Accountable, a data verification platform that enables protocols to prove reserves, trades, and financial health without exposing sensitive business information.

Accountable also provides real-time proof of market neutrality for protocols that are hedging price fluctuations of their reserves.

The Aegis dashboard, powered by Accountable, provides users with live access to proof of reserves, all open funding positions, collateral ratio, and insurance fund data, all of which are verified in real-time.

This partnership marks a significant milestone in the development of the Aegis protocol, further solidifying our goal of delivering market-leading yields while maintaining the transparency and security of users' funds.

Proof of Reserves Dashboard Overview

To access the dashboard, head over to:

At the top of the dashboard, you can see the following metrics:

• Verifiability (percentage of assets that are verified directly from the source)

• Collateral ratio (ratio of reserves value to token supply value)

• Market neutrality

• Verification interval (the frequency and the last time when aggregated values were retrieved from the server)

• Total YUSD supply

• Total protocol reserves (total reserves backing YUSD, including CeFi and DeFi)

• Insurance fund (the Aegis Insurance Fund provides a financial buffer to ensure the stability of the YUSD stablecoin)

This data is essential to the transparency of our protocol and provides our users with real-time updates on the collateral ratio backing YUSD. Below that, you can find the charts for such relevant metrics as:

• Reserves over time and collateral reserves:

• Collateralization and chain distribution:

• Reserves vs supply and insurance fund timelines:

Closing thoughts

The dashboard's real-time display provides an in-depth overview of the Aegis protocol, allowing users to make informed decisions based on the transparency of the collateral backing the YUSD stablecoin.

This is just the beginning of our partnership with Accountable. We’re excited to be working with them to provide our users with CeFi-grade, verifiable data, combined with a comprehensive user interface.

Choose Aegis, because your money deserves better.