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About Azos
Azos is an overcollateralised lending protocol on Base where users lock climate and regenerative assets into SAFE debt positions to borrow the dollar-pegged stablecoin AZUSD, with supply managed through automated market operations to hold the peg. Collateral includes Glo Dollar, Klima Protocol's carbon-credit asset kVCM, Helios solar assets HLSP, WETH and Treegens' TGN, priced by DIA oracles. It targets the illiquidity of carbon credits, solar and regenerative assets and their poor fit as loan collateral, giving them dollar liquidity without a sale, with mechanics drawing on MakerDAO, Reflexer and HAI.
On 7 May 2026 it published an AZUSD market note disclosing about USD 291,000 in environmental assets pledged, roughly 188,000 AZUSD borrowed and more than USD 60,000 of liquidity seeded by the team and partners. The same month AZUSD liquidity dried up on Hydrex and Aerodrome as the USDC side was drawn down, the price briefly fell below USD 1 and large exits became difficult. There is no one-to-one par redemption: AZUSD is only usable to repay debt and unlock collateral, so exit depends entirely on secondary-market depth.
Azos launched AZBOT POD minting on Base on April 22, 2026 (Earth Day) and introduced an automated carbon-credit retirement strategy, where activation requires retiring a real credit on-chain via the Klima aggregator.
Its climate stablecoin AZUSD is collateralized by regenerative RWAs, SEEDs began claiming on June 15 and became convertible to the AZOS governance token on July 4, forming a participate-to-impact ReFi flywheel.
Future strategy and roadmap: Going forward, Azos plans to add more carbon-credit types and on-chain retirement scenarios, enrich AZUSD collateral, and connect with more Base-ecosystem DeFi protocols to keep building regenerative finance.
0xJoshua — Co-founder & CEO; leads the AZUSD climate stablecoin and the third-generation DeFi lending design.
penguin — Co-founder & CTO; real name Joshua Heilman; leads protocol and smart contract development.
Kristy — COO; oversees operations and community affairs.