VantiasEncyclopedia
Sign in

Underlying asset

sYUSD

Issued by Aegis. The facts below were checked on the date shown, from the sources listed.

sYUSD is issued by Aegis. What stands behind it: a basis trade run off chain. It is redeemed after a cooldown.

Facts

Issuer
Aegis
What stands behind it
a basis trade run off chain
Strategy
the funding spread between spot Bitcoin and futures
Valued in
USD
Position in the capital stack
not a tranche
Who has to keep a promise
an exchange holding the assets, a manager off chain
Redemption
redeems after a cooldown
Who can change it
a multisig (Safe) · 3 of 5 signatures · the admin role · also holds the admin role, with no timelock in the path 0x4fe78ef65bd8edded480efab030ba680646503c8 (Ethereum)
Audits
Sherlock, 2025-05
Sherlock, 2025-04
Bug bounty
not found in a source that meets the standard
Depends on
none recorded
Chains
Ethereum
Checked
2026-09-22, from the issuer's own documents
Sources
https://docs.aegis.im/tokens/syusd-yield-bearing-token
https://docs.aegis.im/aegis-faq/how-does-yusd-work
https://github.com/sherlock-protocol/sherlock-reports/blob/main/audits/2025.04.26%20-%20Final%20-%20Aegis%20Collaborative%20Audit%20Report.pdf
https://github.com/sherlock-protocol/sherlock-reports/blob/main/audits/2025.05.03%20-%20Final%20-%20Aegis.im%20YUSD%20Audit%20Report.pdf
https://aegis.im/
https://hackenproof.com/companies/aegis

Pendle markets on it

No live Pendle market on this asset as of 6 Oct 2026.

Not found

What the research has not answered for this asset, said rather than left blank.