Aegis DAO Glossary
$AEG
Aegis DAO’s governance token, granting holders the right to propose and vote on key decisions—such as changes to the YUSD Protocol, treasury allocations, and protocol upgrades. $AEG embodies the principle of token-weighted governance outlined in the Aegis DAO Constitution.
Aegis DAO
The decentralized autonomous organization governing the Aegis ecosystem, including the Aegis Protocol, the YUSD stablecoin, and treasury management. Operating under the rules set by the Aegis DAO Constitution, Aegis DAO ensures that major decisions are made transparently and with direct community participation.
Aegis DAO Treasury
The primary treasury wallet of Aegis DAO, used for holding reserves, funding ecosystem initiatives, and supporting community-driven programs. All expenditures must be authorized by tokenholder votes, as defined by Article IV of the Aegis DAO Constitution, guaranteeing transparent and decentralized decision-making.
Aegis YUSD
A Bitcoin-backed stablecoin governed by Aegis DAO, providing real-time transparency, stability, and yield generation while remaining independent of the traditional fiat banking system. As specified in Article I of the Constitution, YUSD is a core product that embodies decentralization, security, and community oversight.
Aegis Protocol
The decentralized blockchain infrastructure maintained and guided by Aegis DAO, enabling secure, efficient, and transparent financial services for $AEG tokenholders. The Aegis Protocol comprises the YUSD stablecoin mechanism and supporting smart contracts, aligning with the governance and operational principles laid out in the Constitution.
Aegis Proposal
A formal proposal (AIP) submitted by $AEG holders to modify the YUSD Protocol, adjust governance parameters, or introduce new products. All AIPs follow the multi-phase process detailed in Article X of the Constitution (Preliminary Check, Formal Submission, On-Chain Voting, Timelock, and Implementation).
Airdrop
A distribution mechanism used to allocate $AEG tokens to eligible wallet addresses (e.g., based on on-chain activity). Airdrops are governed by the Aegis DAO, ensuring that any token distribution aligns with the community’s standards and the Constitution’s guidelines on treasury and governance.
Delegate
A trusted individual or entity to whom $AEG tokenholders can delegate their voting power. Delegates are expected to act in accordance with Article X, Section 5 of the Constitution, maintaining transparent communication and faithfully representing their delegators’ interests.
Decentralized Apps (dApps)
Applications built on blockchain technology that interact with the Aegis Protocol’s smart contracts. By leveraging YUSD in various DeFi products, these dApps benefit from the transparency and security mandated under the Aegis DAO Constitution.
Foundation Directors
Individuals responsible for executing the day-to-day operations of the Aegis DAO Foundation. As outlined in Article III of the Constitution, Foundation Directors must implement the DAO’s approved decisions, always acting in the community’s best interests and adhering to tokenholder-approved mandates.
Foundation Supervisor Council
An independent oversight body, established under Article III of the Constitution, ensuring compliance with Cayman Islands law, Foundation bylaws, and tokenholder interests. The Council holds veto powers for proposals that may harm the DAO or violate regulatory requirements, emphasizing decentralized checks and balances.
Governance
The decentralized decision-making process by which $AEG holders propose and vote on updates to the Aegis ecosystem. Outlined in Article X of the Constitution, governance encompasses everything from YUSD parameter changes to treasury allocations and strategic expansions.
Insurance Fund
A dedicated fund (per Article IV) created to protect the Aegis ecosystem from unforeseen risks, such as adverse market events or smart contract vulnerabilities. All withdrawals or utilization of this fund require community approval via formal governance procedures.
On-chain Governance
A system in which governance decisions—like approving AIPs or enacting protocol changes—are executed directly on the blockchain. This approach guarantees immutable, transparent records of votes and outcomes, in line with the Aegis DAO Constitution.
Proposal Waiting Period
A timelock (see Article X, Section 3.4) enforced between a proposal’s approval and its implementation. During this period, tokenholders can review final details, ensuring no rushed changes or hidden risks before the decision takes effect.
Quorum
The minimum percentage of Votable Tokens required to validate a governance proposal. According to Article X, Section 4, Constitutional AIPs need a 15% quorum, while non-Constitutional AIPs need a 10% quorum.
Smart Contract
Self-executing blockchain code that automates functions like YUSD issuance, redemption, yield distribution, and governance tracking. The Aegis YUSD protocol relies on smart contracts to ensure transparency and security, as mandated by the Constitution.
Snapshot Poll
An off-chain voting mechanism (often used for Preliminary Checks) where tokenholders gauge sentiment on a proposal before it transitions to an on-chain vote. Snapshot results are advisory, helping the community decide if a proposal warrants formal governance.
Token-weighted Governance
A system where voting power is proportional to the amount of $AEG held. Per Article X, Aegis DAO uses token-weighted governance to ensure that each participant’s influence reflects their stake while still allowing broad representation.
Transparency Report
A document detailing governance decisions, treasury movements, and other significant operations. Regular reports, in line with the Constitution’s transparency mandates, help maintain trust and accountability in the Aegis ecosystem.
YUSD Yield Generation
The mechanism by which YUSD accumulates returns for its holders, often through funding rate arbitrage or other yield strategies approved by the Aegis DAO. This is a core function of the protocol, requiring community oversight and alignment with Article XI on Protocol Development.
Voting Period
The time window during which $AEG tokenholders may cast votes on a submitted AIP. Defined by Article X, Section 3, the Voting Period ensures every holder has an opportunity to review proposals and participate in the decision-making process.
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