Aegis
Hedge your DeFi exposure. Get paid when things break.
Every year, DeFi loses billions to exploits, oracle attacks, stablecoin depegs, and governance captures. The events are unpredictable. The losses are not.
Aegis is a parametric credit-default-swap protocol on Solana. You buy continuous USDC protection on a specific risk for a specific protocol. Underwriters stake USDC against that risk and earn the premium as a streaming yield. When an oracle confirms a credit event, the pool pays you in a single transaction.
No protocol token. No claims committee. No public vote on whether you really lost your money. USDC in, USDC out, and the entire settlement path is on-chain.
Live on Solana devnet today. Audited mainnet deploy next.
How protection flows
Four roles, one asset, deterministic settlement.
Four roles, one ledger. Buyers stream USDC premiums into a tranche. LPs underwrite the tranche and take 80 percent of every premium paid in. The other 20 percent funds the protocol treasury and the auditor pool. Pyth watches the trigger. When a credit event fires, the settlement program freezes the pool and pays buyers pro-rata in one transaction. No committee. No vote. No waiting.
It is already running
Five programs deployed to Solana devnet. Three protocols registered, nine tranches active, one sponsor vault funded. Every byte is on chain.
| registry | Bw1Z85CvFiBoMAzsyVGNpET3MxAA52PmYWMRgDPp9ch5 | live |
| pool | 67xQETFkMd1YMMY7GVFSHec1y3yaAMJ3zV1yDwxH2hq7 | live |
| coverage | 3YaqXPz437AvVMhJyZ8BwAF2dkCRqD9bFDuwXaF5N2e3 | live |
| oracle_adapter | H25iBcxUS99Gy3Syec3ShoSyEJ6i49VNCxamTGMXioBv | live |
| settlement | 5rsMYpBucijWurqAPFkvYZjaFg2EVMTn7Mkf2KUd3bnc | reserved |
| pricing (library) | 2ooz9Z8D71WyHoFJYmkh3vNbh36Ewnam2EB7okCkoZJH | library-only |
All on-chain at explorer.solana.com. USDC mint 4zMMC9srt5Ri5X14GAgXhaHii3GnPAEERYPJgZJDncDU.
What makes Aegis different
USDC only
Every dollar that enters Aegis is a real dollar. Every dollar that leaves is too. There is no protocol token to issue, vest, dump, or vote with. No LP receipt token to mint. No swap routing under the hood. One asset, one denominator, six decimals. Boring on purpose. Boring eliminates a whole class of pricing bugs, depeg accidents, and accounting drift that have killed every multi-asset insurance protocol before this one.
Parametric, not political
Most DeFi insurance protocols ask their members to vote on whether you got hacked. Aegis does not. If the credit event has an on-chain signal, a TVL collapse, a Pyth price deviation, an admin-flagged exploit, the protocol pays the moment the trigger fires. Only the categories that genuinely have no on-chain footprint, governance capture and hostile upgrades, fall back to a bond-collateralised propose-and-dispute window. Nobody on the team decides if your claim is valid. The code does.
Receipts as PDAs, not tokens
Your position is not a transferable token. It is a Program-Derived Address keyed to your wallet and your pool. You cannot sell it. You cannot front-run your own claim by offloading it to a counterparty the day before settlement. You cannot pump a secondary market on Telegram. You hold to settlement, or you close. This is a feature.