Overview
AEGIS is an insurance protocol that pays you automatically when a specific, measurable event happens to your crypto, with no claims form to file. You buy a policy against an objective condition, such as a price dropping below a set level, and if that condition is met during your coverage window, you are paid without anyone reviewing a claim. It is built for people using Cardano DeFi who want cover against sudden losses.
This style of cover is known as parametric insurance, meaning the trigger is a fixed rule agreed in advance rather than a judgment call. AEGIS is built on Cardano by Flux Point Studios, a development studio in the ecosystem. A shared pool of funds, supplied by liquidity providers who earn the premiums, stands behind every policy and covers the payouts.
Key Features
- Payouts with no paperwork. When the project's own signed price feed shows your trigger was met, anyone can submit the claim, and the smart contract (code on the blockchain that holds the pool) checks it against the feed and pays you1.
- Cover for liquidation and depeg risk. AEGIS protects borrowing positions on Indigo that can be force-closed when collateral value falls, and it covers stablecoins that drift away from their intended value2.
- You sign every action. Every step is approved from your own wallet. Each policy lives as its own separate on-chain record tied to the condition you picked1.
- Earn by backing the pool. Anyone can add funds to the shared pool that underwrites policies and earn the premiums buyers pay. The pool is identified by a single unique token so it cannot be impersonated1.
- Open-source and heavily tested code. The on-chain code is published on GitHub under an open license. The project reports that its previous version passed a review by an unnamed external third party and a live red-team test on the main network, where more than 160 attack transactions using real ADA were all rejected; those attacks are kept as tests for the version now live1.
What to Expect
You open AEGIS by connecting a Cardano wallet, then browse the coverage on offer. The main areas are Buy Coverage, where you choose a product and set your policy; My Policies, where you track active cover; and the Liquidity Pool, where you can supply funds and earn premiums. A guided walkthrough helps first-time visitors see how it works.
Buying a policy means picking a condition, a coverage amount, and a length of time, then paying a premium up front. There is a minimum premium, so very small policies are not supported. If your condition is met before the policy expires, the payout arrives automatically; if it is not, the coverage lapses and the premium stays with the pool that backed it.
AEGIS reads prices from a feed published directly on-chain, which the contracts check before paying out1. Because everything settles against that data and the smart contract logic, payouts do not wait on a support ticket or a manual decision. The code is public on GitHub, so anyone who wants the technical detail can read exactly how policies and claims are handled.
