The Bitcoin ecosystem stablecoin project Aegis has completed a $2 million Pre-Seed funding round, led by Dewhales Capital

ChainCatcher news, the Bitcoin ecosystem stablecoin project Aegis announced the completion of a $2 million Pre-Seed round of financing, led by Dewhales Capital, with Profluent Ventures and a group of angel investors participating. 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 perpetual contracts with BTC margin equal to its Bitcoin exposure.