Aegis Finance: A Revolutionary Hedging Platform

Dear Members of the IC Community,

We are pleased to introduce Aegis Finance.

Project highlights

Aegis Finance is a blockchain-based platform designed to revolutionize the way businesses and individuals protect themselves from financial risks. It supports insurance and options trading in a single ecosystem. By leveraging blockchain technology and smart contracts, AegisFinance addresses the challenges of traditional hedging methods, such as high transaction costs, reliance on intermediaries, and lack of transparency. This platform is targeted at anyone seeking accessible, secure, and innovative solutions for hedging against risks like inflation, stock or crypto crashes, and project hacks.
Additionally, Aegis Finance offers a staking feature for its native token, $AEGIS. Users can stake their $AEGIS tokens to earn a share of the revenue generated from platform fees. This provides users with passive income and incentivizes long-term participation in the platform’s ecosystem.

Web3 advantages

Aegis Finance stands out from traditional Web2 financial tools by eliminating intermediaries and enhancing transparency through blockchain. Unlike traditional platforms, it provides real-time data integration, fair pricing models, and smart contract automation, ensuring faster and more cost-effective transactions. Being the first hedging application hosted on the Internet Computer (IC), it provides unique benefits not found in other Web2 applications.

How is it built

  1. Languages and Frameworks:
  • IC CDK Rust for Backend Canister Development
  • NextJS for Frontend Canister Development
  1. Third-Party APIs: FRED API for real-time inflation data and Deribit API for market pricing data.
  2. XRC Canister to get up-to-date Cryptocurrency Prices.

Monetization

AegisFinance aims to generate revenue through:

  • Trading Fees on insurance contracts.
  • Trading Fees on options contracts.

Resources

Future Plans

Aegis Finance plans to:

  1. Expand the hedging scope to include risks such as project hacks and stock/crypto crashes.
  2. Expand the hedging scope to more blockchains (such as ETH, and Solana to support those projects).
  3. Attend blockchain conferences to showcase the platform and build partnerships.
  4. Provide APIs for DEXes.
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