Aegis DAO Glossary

$AEG

Aegis’ governance token, which allows holders to participate in Aegis DAO’s governance. Owning $AEG enables you to vote on governance proposals, including changes to the YUSD Protocol, treasury management, and protocol upgrades.

Aegis DAO

The decentralized autonomous organization (DAO) that governs the Aegis ecosystem. Aegis DAO manages decisions related to the Aegis.im protocol, treasury, and ecosystem growth through a transparent and decentralized governance process.

Aegis DAO Treasury

The primary multisig wallet of Aegis DAO, used for managing reserves, funding development initiatives, and handling community incentives. The management process of this wallet is defined by the AegisDAO Constitution, ensuring transparent and decentralized decision-making.

Aegis YUSD

A bitcoin-backed stablecoin governed by Aegis DAO. YUSD is designed to provide real-time transparency, stability, and yield generation, while maintaining independence from the fiat banking system. YUSD is the core product within the Aegis ecosystem.

Aegis Protocol

The decentralized blockchain infrastructure developed and maintained by AegisDAO to provide secure, efficient, and transparent financial solutions for $AEG tokenholders

Aegis Proposal

A formal proposal submitted by $AEG token holders to suggest changes or upgrades to the YUSD Protocol or governance framework. It may cover issues like treasury management, protocol upgrades, or new product launches.

Airdrop

A distribution mechanism used to deliver $AEG tokens to eligible wallet addresses based on on-chain activity. Token holders may have received $AEG through an airdrop as part of the initial distribution phase.

Delegate

A trusted party to whom $AEG token holders can delegate their voting power. Delegates vote on behalf of others and are often selected based on their expertise and alignment with the values of Aegis DAO.

Decentralized apps (dApps)

Applications built on blockchain technology that interact with smart contracts. Aegis DAO supports the development of dApps that integrate YUSD into various financial products, leveraging the transparency and security of the protocol.

Foundation Directors

Individuals responsible for overseeing the operations of the Foundation.

Foundation Supervisor Council

The independent oversight body ensuring compliance with Cayman Islands law, the bylaws, and tokenholder interests.

Governance

The process by which decisions are made within Aegis DAO. Governance is decentralized and allows $AEG token holders to propose and vote on changes to the YUSD Protocol, treasury management, and other ecosystem activities.

Insurance Fund

A fund established to protect the Aegis ecosystem against unforeseen risks such as negative funding rates periods or smart contract vulnerabilities. The Insurance Fund is governed by Aegis DAO, with all withdrawals requiring community approval.

On-chain Governance

Governance actions implemented directly on the blockchain, allowing $AEG token holders to vote on key decisions through smart contracts.

Proposal Waiting Period

A contract-enforced delay between the approval of a governance proposal and its implementation. This waiting period allows token holders to review and, if necessary, contest a proposal before it takes effect.

Quorum

The minimum number of votes required for a governance proposal to pass.

Smart Contract

Self-executing code on the blockchain that automates transactions and processes. The YUSD Protocol relies on smart contracts to manage its issuance/redepmtion, yield distribution, and governance functions.

Snapshot Poll

An off-chain mechanism used for preliminary voting on governance proposals. Snapshot polls are often used for “temperature checks” to gauge community interest before a proposal moves to on-chain voting.

Token-weighted Governance

A system in which voting power is proportional to the number of $AEG tokens held. Aegis DAO utilizes token-weighted governance to ensure that the influence on decisions reflects each holder’s stake in the protocol.

Transparency Report

A document detailing actions taken by Aegis DAO. Transparency reports provide an overview of governance decisions, treasury management, and key operational activities to maintain trust and accountability within the community.

YUSD Yield Generation

The mechanism by which YUSD generates yield for its holders.

Voting Period

The duration during which $AEG token holders can vote on an Aegis Proposal. The voting period ensures that all token holders have sufficient time to participate in the decision-making process.