About
Yield sustainably while minimizing risk with innovative DeFi liquidity strategies.
Yield Basis is a DeFi protocol (launched 2025 by Curve founder Michael Egorov) that delivers BTC/ETH-denominated yield to tokenized-asset holders while reducing impermanent loss. It employs constant-leverage liquidity provisioning and automated rebalancing, minting ybBTC as an LP token alongside YB/veYB governance. Trading-fee distribution and dynamic admin fees aim to create sustainable, BTC‑paid real yield for LPs and institutional users.
Use Cases
BTC Holder Growth
BTC holders grow assets with BTC-denominated yield without trading or custodialrisk using leveraged liquidity provisioning.
Stable High Yield Provision
Liquidity providers earn stable 9%-60% BTC yield with reduced impermanent lossvia automated leveraged AMM.
Governance Participation
Users lock YB tokens for veYB to gain governance rights and shareBTC-denominated protocol fees.
Multi-Chain Yield Management
DeFi users manage yield on Ethereum, Polygon, Arbitrum, Optimism with real-timerisk control and flexible yield distribution.
Key Features
Core Protocol & Product Features
- Automated liquidity markets for tokenized BTC assets (WBTC, tBTC, cbBTC) —markets listed on the site.
- "No impermanent loss"liquidity provisioning model; positions earn from marketvolatility.
- Two yield sources: Trading Yield (market activity) and Token Yield (YBemissions for staking liquidity).
- User flows: Earn, Lock, Vote, Govern — on-chain governance and staking/lock mechanics.
- WalletConnect integration plus documentation and forum links; emphasis on web3UX and decentralized governance.
Market Impact, Token Economics & Stablecoin Relevance
- Total TVL displayed ~$151.47M with individual market TVLs ≈ $50M each (WBTC,tBTC, cbBTC).
- Token APRs shown (~37–40%); Trading APY labeled “soon™” and markets marked asFILLED (capacity limits).
- YB token emission model: Token APRs reflect emissions as incentives forliquidity providers.
- Focus on BTC-denominated liquidity (wrapped/bridged BTC tokens); no explicitstablecoin-specific products found on the site.
- Governance and community links (forum/docs) signal decentralized coordinationand potential on-chain upgrades.