Aegis DeFi Monthly Report | 11.22–12.25
Monthly Highlights
- Aegis DeFi Officially Launches Yield Farming.
- The Synthetic Assets Business entered the internal testing stag.
- As of December 3, Aegis DeFi’s TLV exceeded $470,000.
Development Progress
Detailed work completed in this phase includes:
- Aegis DeFi Officially Launches Yield Farming
After several months of continuous business & technical development and smooth operation, with smart contract approved by SlowMist, Aegis DeFi officially launched its Yield Farming.
Aegis DeFi now supports the lending & borrowing services of 8 crypto assets: ETH, DAI, USDC, ZRX, USDT, BAT, WBTC and JT, with each asset deployed with one lend pool and one borrowing pool, totaling 16 pools.
1.5 AGS tokens will be produced for every ETH block produced. The maximum output of AGS is 8640, which will be distributed to the 16 pools evenly.
- The Synthetic Assets Business entered the internal testing stage
The synthetic assets business has been developed and entered the internal testing stage.
Aegis plans to officially launch the self-service issuance application zone of synthetic assets in December.
Aegis will cooperate with regular law firms, government notaries and well-known large-scale cloud computing power centers to ensure the value of the collateral and the ownership right in liquidation, and guarantee the rights and interests of depositors.
By then, Aegis will become the first synthetic asset project through on-chain centralization and offline field research.
Ecological Construction
- The cooperation between Jubi and Aegis DeFi move to the next stage
The vote of JT as the collateral token of AGS platform has been passed. At present, the smart contract is in the automatic effective stage. Users can borrow JT through other collateral tokens supported by AGS for the transaction.
On December 4, after the smart contract comes into effect, users can save and collateralize JT and then borrow seven mainstream digital currencies, such as USDT, USDC, DAI and ETH.
About Aegis
As a DeFi 2.0 protocol, Aegis features more diversified lending services besides over-collateralized lending, such as micro-lending and 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, making DeFi services accessible for basically all users. Besides, Aegis also empowers the tokenization of assets and derivatives such as CDS etc.
Social Channels
Discord: https://discord.gg/ht2MN5p
Telegram: https://t.me/AegisEN
Telegram Channel: https://t.me/Aegis_channel
Twitter: https://twitter.com/AegisDeFi
