Aegis

Aegis hedges instead of liquidating. When a borrower’s loan approaches the liquidation threshold, Aegis opens a short on HyperCore rather than selling the collateral, which keeps the position intact while the risk is covered. Its public testnet is open to everyone, and the launch on Ascend is listed with the date still to be announced.

The on-chain footprint is one contract doing all the work: seven deployments from seven addresses, and AegisVault is the only one with a name and a count — 142 transactions. The other six are unnamed, so the structure behind the hedge cannot be read from the listing.

Usage is minimal: 37 wallets and 130 transactions in the last week, across a nine-day series. That is consistent with a public testnet that has just opened rather than one that has found users.

The dependency on Ascend matters more than the numbers right now: the product is designed to launch through a specific launchpad, so its timeline is not entirely its own.