Dougyster
Blurb
Aegis is a consumer protection protocol that aims to create an ecosystem of trust for DeFi. Aegis consists of two decentralised products: TRUSTBACK, a chargeback and dispute resolution platform that safeguards blockchain transactions, and TRUSTLESS, a sentiment aggregator for protocol trustworthiness. Our vision is to make blockchain a safe and reliable alternative to traditional payments
Aegis is being developed by a team of Harvard, MIT, and Duke students with 5+ years of experience building and investing in tech and web3. Thus far, Aegis has won 2 hackathons, earned acceptance into several Harvard-based startup fellowships and R&D programs, been selected for LBank Labs' startup bootcamp, and reached the interview stage of YC's selection process.
What problem does this address?
Using crypto as a form of payment is risky, and it is one of the most cited problems of crypto. There are many aspects of crypto risk, and for each there’s someone solving it. But among the many reasons, the lack of regulation is often overlooked. I believe that there exists a stigmatised conflation between regulation and centralisation, and thus regulation conflicts with the status quo of the decentralised web3 world. As a result, consumer protection as a form of regulation doesn’t exist in a robust capacity in the crypto world, and there’s no way for people to recover their funds in cases of fraud and dispute. My mission with Aegis is to solve this and challenge the overarching status quo: Decentralisation and regulation need not be mutually exclusive. Once again, the future of crypto is one where rules are transparently enforced, not one without rules.