The brief review of @DefiLlama's "Token Rights": - $CRV incomplete (+ holders' revenue data is wrong) - $HYPE utility incomplete - $AERO incorrect, none of at lest three revenue sources are there (+ incorrect holders' revenue data) The correct $CRV is below👇 https://t.co/YR9CpDapwP

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Not everyone understands why YB pools scale gradually. I'll try to explain it as simply as possible. When the $crvUSD credit line increases, Yield Basis can build larger liquidity pools. This means more $crvUSD is borrowed and put to work inside the pools. As more $crvUSD us used in pools, both demand for crvUSD (upwards price pressure) and supply of crvUSD (downwards price pressure grow). This means that overall effect on $crvUSD peg is net zero. Deeper and well-balanced pools make it easier for $crvUSD to stay close to $1. What really matters is not the size of Yield Basis TVL itself, but what happens when pool balances temporarily shift. During these moments - when $crvUSD becomes a larger share of the pool - peg stability mechanisms step in to keep the price stable. Because of this, the growth of Yield Basis must move in step with mechanisms that can absorb $crvUSD supply. The system is fully interconnected, and this is ultimately about security and long-term stability, not about chasing scale or short-term revenue. If pool imbalances become too large, sharp changes between $crvUSD and the paired asset can lead to stronger peg fluctuations, which then require active intervention from PegKeepers.

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Don’t trust the UI. The other day I told you that @ConvexFinance sometimes "lies" about a pool's real performance. I’ve been positioned in a pool where the interface has shown an APR of practically 0% for days. But thanks to @hell0men , I’ve found where the real yield is hiding. If you think a pool is dead because the UI says so, follow this mini-tutorial: 1/ Go to the Convex "Info" section. 2/ Locate the specific Reward Contract Address for that pool. 3/ Open that contract directly on Etherscan. 4/ Once inside the contract, check the balance of rewards waiting to be distributed. In my specific case (a pool with about $160k TVL), there were $400 in rewards still sitting there. While I don’t know the exact emission rate (which ultimately defines the APR), I’ve been tracking it manually. It’s actually paying between 15% and 20% APR, even though the dashboard says zero. Ironically, this "bug" works in my favor. Since the UI shows 0%, TVL is leaving the pool, leaving more rewards for those of us who know how to look under the hood. In DeFi, the smart contract is the only source of truth.

Name & Symbol: aPriori ($APR)
Address: 0x299ad4299da5b2b93fba4c96967b040c7f611099

"Why aren't you staking your YB tokens?" Because I prefer Bitcoin, and here's how @yieldbasis works. There are 3 income strategies: 1) Deposit BTC → Earn trading fees. You receive YieldBearing (YB) tokens. No action needed. Pure passive. 2) Forfeit fees, farm YB → Some users give up fees to accumulate YB for governance. I'm bullish on YB, but not enough to trade my BTC yield for it. 3) Lock YB to veYB for yield → Stakers lock YB and earn a portion of trading fees. It's attractive now, as rewards are high. The thing is this yield is almost 100% APR. That’s insane compared to the ~20–30% we’ve normalized from Curve’s ecosystem. Expect: > Inflation will lower the yield in few months. > Or a price adjustment. In any case, the mechanism is solid. Just know where you stand.

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

(1/4) @VotiumProtocol $vlCVX Round 111 Report: * $400.2K (2nd lowest all-time) * $0.0148/vlCVX - 6th lowest all-time - 34% drop from Round 110 * 5% more voters than Round 110 (but less than 109) * Drop from Round 110 primarily due to - 81% drop in $DOLA incentives - 36% drop in $YB incentives - 15% drop in $RSUP incentives Full report and graphs below: 👇

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

1/ The recent vote to increase @yieldbasis credit line from 300m to 1B is putting in the spotlight YB's influence on crvUSD stability. Here's what we're doing to address this question and help YB scale safely while preserving the stability of crvUSD 👇 https://t.co/aM1gzMHusX

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Did the Founder of Curve Finance Finally Solve Impermanent Loss Forever? Impermanent Loss is one of the biggest problems for DeFi LPs. It is the temporary value drop for DeFi liquidity providers due to price volatility and causes many LPs to miss out on upside. Yield Basis is Curve Founder Michael Egorov’s prospective solution to impermanent loss in DeFi. Here’s how it works:

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

FYI, I have deployed the @yieldbasis $YB / $sdYB @CurveFinance liquidity pool on @ConvexFinance! Time to go get those boosted $CRV emissions! 95% proj. APR 👀👀👀 https://t.co/2gK8Ho16os

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

The yield basis team is one of my inspirations for how to ship product in DeFi Within 2 months of launch they: - Designed a totally new primitive solving a huge problem in DeFi today - Shipped and scaled to 9 figures of TVL almost instantly - Fixed errors and made improvements to the app week after week - Handled contract migrations smoothly to an upgraded product - Had a successful TGE for $YB - Made 7 figures in revenue already, goes to the token - Turned on the fee switch (today!) It takes some teams an entire cycle to hit the landmarks this team has achieved in just 2 months. Guys are machines, props to @newmichwill, @llamaintern, @vasily_sumanov + the rest of you. So much I have to learn from these guys on how to build in DeFi

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

UPDATE: The @StakeDAOHQ secondary market for their @yieldbasis liquid locker ( $sdYB / $YB ) just dropped on Curve about 8 hours ago. Let's use this example to continue my user education series on Liquid Locker risks. Links for previous posts below. 0) Remember, the liquid lockers under discussion keep the native tokens that users deposit FOREVER...the users never get them back. So the protocols assume zero direct financial risk of a potential "depeg" of the native vs liquid token, while the user takes the entire risk of the market valuation of the liquid token. 1) The new $sdYB / $YB pool on @CurveFinance is what makes the liquid locker "liquid", allowing users to swap out of their liquid token for the native token any time they want on the secondary market. 2) At the time of this posting (about 8 hours after pool creation), there are about 1.8M $sdYB tokens that have been minted, but only 73K $YB tokens in the liquidity pool. This means only a very small percentage of $sdYB holders could theoretically exit their $sdYB position. Of course, the size of the pool should grow over time. But for now, the liquid locker is not "liquid" except for a small percentage of holders. 3) The current pool composition is: $YB: 43.81% (73,230.15 tokens) $sdYB: 56.19% (93,927.20 tokens) 4) Due to the low liquidity at launch, the current exchange rate in the Curve liquidity pool for users attempting to exit their position (swap $sdYB for $YB) is as follows: 1,000 sdYB ($471): 0.99 (1% loss) 10,000 sdYB ($4.7K): 0.987 (1.2% loss) 50,000 sdYB ($23K): 0.957 (4% loss) 93,000 sdYB ($44K): 0.75 (25% loss) 5) User takeaways: The secondary market just launched and has low liquidity (but is likely to improve over time). As a result, the liquid locker is not yet liquid in any robust sense. Be careful if you think you need your principal back in the near term (a single large swap could wreck the exchange rate and you can't exit without a loss). It is unknown if the market will maintain the "peg" over time, so the user is assuming all the market risk to their principal if they need to exit their position. Users with lower risk tolerance who still don't want their principal tied up for long periods of time, can consider locking their $YB directly on @yieldbasis using the shorter lock period options at the cost of a lower APR (but no risk of loss in principal relative to the native token). Note: This type of examination can be done for a variety of liquid lockers and is NOT unique to @StakeDAOHQ. Just using it as an example as the most recent one.

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

The refund for excess veYB fees was processed yesterday. The UI now displays the total fees collected adjusted for this refund. $YB #veYB https://t.co/oxVqsNysEI

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

New crvUSD USDC, USDT, and frxUSD @CurveFinance pegkeepers incentive campaigns are now active on Votemarket by @yieldbasis and @fraxfinance. $56K crvUSD/frxUSD $40K crvUSD/USDC $40K crvUSD/USDT Use your veCRV to earn YB and wFRAX through these campaigns. https://t.co/SaNYIpmoPd

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

This user is now the 5th largest locker of $YB. He keeps withdrawing from Binance and locking. Almost $0.5M locked in total. https://t.co/n7GcEXfqa1

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Somebody understands $YB, $crvUSD and $CRV fundamentals It's called value synergy One's success drives value of all interconnected assets: $YB -> $crvUSD -> $CRV ->> $CVX, $SDT, $YFI How value synergy works? - $YB drives $crvUSD adoption, liquidity, peg, and swaps; also provides $YB to @CurveFinance as licensing fee - $CRV receives more $crvUSD-related fees + bribes - @ConvexFinance @StakeDAOHQ @yearnfi earn from that (~78% veCRV owned by these three protocols)

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Website of @yieldbasis is now accessible via ENS+IPFS https://t.co/uXGSsiqg3e. Additionally, https://t.co/mtJDbqupwW points to YB token

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

YB pools APR is 76% 🔥🔥 $500k fees per month from $150M TVL is $6M per year veYB supply is $16.88M veYB, 1 YB= 0.47 * $16.88M×0,47= $7 933 600M *$6M:$7 933 600M=0,756..≈76%

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

It's hard to keep up with @yieldbasis, because everything about it is so complicated. But this presents an opportunity. With YB, my edge is simply that I pay attention. And from what I can tell, $YB is currently undervalued. Here's a brief overview. - Devs have confirmed that Yieldbasis generated ~$500K in profit for YB stakers in October. This will be paid when fee switch is turned on - For comparison, during the same period Curve generated ~$1M in profit, which is of course paid to staked CRV - Yieldbasis TVL has to be migrated to new contracts, which should be deployed very shortly - But once that happens, the next two items on the roadmap are: 1) fee switch, and 2) increase loan from Curve so that Yieldbasis TVL cap can be raised from $150M -> $500M - The preparatory steps for these two roadmap items have already been undertaken, and only blocker is the TVL migration - Once TVL goes up 3x, presumably profit will also increase 3x. So maybe $1.5M per month. Again, for context Yieldbasis will be making more profit than Curve - At $0.5, YB has a market cap of about $50M. But only a fraction of that is currently staked and eligible for rewards once fee switch is flipped - YB emissions are considerable, but not too bad given the profit being generated. Team and investor unlocks begin April 1st. (But even then, it's likely @newmichwill picked investors and team members inclined to stake.) - Finally, I'm bullish BTC and crypto for Q4 and Q1. I think volatility will increase, meaning more revenue for Yieldbasis Likely reasons why YB is undervalued - Confusion and uncertainty about the core protocol and how it generates revenue - Confusion about revenue amount, esp because fee switch isn't active yet - Uncertainty about migration to new contracts - Uncertainty about securing the increased loan from Curve - Ignorance about token emissions, esp the choice of ybBTC to stake or not stake, which affects protocol profit and YB emissions - Lingering bad sentiment for altcoins from the 10/10 crash Final thoughts If you know enough about Yieldbasis to not be worried about the things above, then you have an edge. Again, many elements of Yieldbasis are very complicated, which makes people reluctant to hold YB. I think YB is almost as important and valuable as CRV for the Curve ecosystem, but the price does not reflect that. As more people realize that CRV and YB are symbiotic, and as it becomes clear that expansion of Yieldbasis is the core driver for the growth of Curve - I think YB price will increase. In the very short term, fee switch and TVL cap increase are immediate and powerful catalysts.

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Top 3 Stake DAO strategies by TVL are @CurveFinance $crvUSD pegkeeper pools! Fueled by $YB campaigns on Votemarket. Powered by Onlyboost and Staking V2 to offer instantly claimable boosted $CRV rewards to depositors. https://t.co/2HhjLlpWOL

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Extra rewards, like @yieldbasis $YB, are now fully integrated into the Stake DAO yield infrastructure. All eligible addresses can retroactively claim their past rewards. Going forward, any extra rewards will be distributed and instantly claimable, just like $CRV. https://t.co/gZzsHcHeVh

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Round 108 of @VotiumProtocol $vlCVX incentives completed with $813K in total incentives, averaging $0.027/vlCVX. Notable is that this round saw its first ever @yieldbasis $YB incentives. 🤙 https://t.co/i6xUQYJG1z

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

RAACs press release on the ION partnership to tokenize $200m worth of gold to be a Top 15 RWA Protocol was organically picked up by the financial times https://t.co/CT3hzwrvlW https://t.co/SyuUJNMur5

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

185,000 USD of YB incentives deposited to incentivise crvUSD stablecoin pools: - frxUSD/crvUSD - USDC/crvUSD - USDT/crvUSD https://t.co/ICzyh1mV9o

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

>be Michael Russian physics prodigy, broze at IPhO, still mad it wasn’t gold >studies at MIPT professor says “no free lunch” invents yield farming years later just to prove him wrong >discovers Bitcoin → “math = money” joins LinkedIn → builds data pipelines → dreams of decentralized ones >2016: co-founds NuCypher proxy re-encryption wizardry, trustless data, nerd applause >2018: writes StableSwap zero slippage, zero mercy, 100% math everyone confused, Michael focused >2019: launches Curve UI from 1995, math from 2095 works better than 99% of crypto >2020: CRV leak “fine, I’ll do it myself” creates DAO + veCRV → tokenomics masterpiece TVL $1.2B >2021: bull market tricrypto pools, BTC/ETH/USDT ménage à trois Curve = liquidity spine of DeFi >2022: bear market projects die, Michael builds LLAMMA Curve lives, math stronger than ever >2023: multichain Curve everywhere, crvUSD brewing, $1.8B TVL >2024: chaos $130M CRV nearly nuked sells to whales, saves treasury launches crvUSD + Yield Basis >2025: dominance Curve $36B volume, CRV on Coinbase Yield Basis slays impermanent loss Michael drinks water, whispers “it’s just curves…” >physics never dies Curve never dies Michael never dies

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

$2.1M 🔥 Growing fast ! #YB @yieldbasis https://t.co/j8sCbVuwrH

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

🚨 $185,000 of @yieldbasis $YB incentives just deposited on @VotiumProtocol for $vlCVX voters! I believe these are the first-ever $YB bribes on Votium. 3 pools incentivized: * FRXUSD + CRVUSD * USDT + CRVUSD * USDC + CRVUSD Let's see how this affects Round 108 overall. The last few rounds have seen a decline in total incentives.

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

$2M pending fees 👀🔥 Only here 👉 https://t.co/jlytFIR6SF #YB @yieldbasis https://t.co/GOL1NLfC77

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Grand $OPEN-ing!

Name & Symbol: OpenLedger ($OPEN)
Address: 0xa227cc36938f0c9e09ce0e64dfab226cad739447

After that BTC pump, in the top ten volume pools are all 3 @yieldbasis pools plus 3 crvUSD stableswap pools. Yieldbasis printing revenue right now, but fee switch not turned on yet. Just wait. $CRV, $YB https://t.co/BZQMAnO7hM

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

@yieldbasis $YB Wars: - 10.48m veYB, but less than 1.9m/17% voted - $tBTC community 🥇 and gets ~42.6% of all $YB emissions or 24.2% $YB APR vs. 12-16% for $wBTC $cbBTC - just 100k veYB votes can move weights by ~3% Who will be 🥇 in 12 hrs? Cannot wait to share detailed governance metrics with $YB community

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

The $YB effect is starting to take shape by way of fees to $CRV. Now we see if it has legs over the coming weeks and months. 🍿

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Some thoughts on @yieldbasis and why I think $YB is undervalued. Yieldbasis is a brand new DeFi protocol. Since it's never been done before, growth potential is unknown. It could possibly get very big. It launched three weeks ago, and already generates about $7.5M annualized. But the fee switch hasn't been turned on yet, so according to @newmichwill the YB token price doesn't yet "reflect the economic value of the system." If you read Mich's most recent post on the Curve gov forum, the fee switch will be flipped very soon and also he proposes to increase the current crvUSD allocation to Yieldbasis from $300M to $1B. This would allow Yieldbasis to increase its caps from $150M to $500M. Hopefully, revenue will scale linearly with TVL. So why is YB undervalued? For starters, Yieldbasis doesn't do any marketing, unlike almost every other crypto protocol. They don't even have a blog. The style of the Curve ecosystem is to let the work speak for itself. Second, there was a lot of initial selling. Yieldbasis allocated 2.5% for a presale, which was unlocked at launch. They airdropped 0.5% to Curve DAO, gave a little to Binance users, and some to market makers. Third, it was launched five days after the historic altcoin wipe out, with everyone suddenly very scared to buy altcoins. Fourth, emissions are high. Yieldbasis is using 30% of YB to incentive itself over maybe 10 years, Curve DAO is using 7.5% of YB to incentivize crvUSD pools over maybe 3 years, 1.25% being used to incentivize YB DEX liquidity over 1 year, and a 0.5% airdrop is vesting over 1 year. Plus, team and investor vesting begins in six months. My prediction for the coming weeks YB is listed on all major CEXes, FDV is at $400M with market cap at just $35M. I think a 2x is likely, at the minimum. The fee switch gets turned on, and caps are raised by 3x (check out Mich's post on Curve gov forum). More people start to talk about YB on the timeline, because of all the revenue and volume. Initial selling and bad market conditions have suppressed the price, so it easily surges. (I'm bullish on BTC and ETH here, and I think many alts will rally hard.) Regarding long-term emissions and unlocks, I think it won't be as bad as it seems. The Yieldbasis VC round was 15x oversubscribed, so I think Mich was able to pick VCs he thinks will lock their tokens instead of selling. Also, hopefully he also picked a team that will lock instead of selling. And growth potential is very big, enough to justify the emissions. Conclusion It's hard to make money in crypto buying hyped up tokens, launching tried-before protocols, with huge valuations and loads of VCs. On the contrary, Yieldbasis is not hyped, no one understands it, it's a brand new concept, market conditions for alts are bad. Good chance of this play working. Personally, I started buying at $0.44 and will keep buying if price keeps falling.

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

a new take on yearn's robowoofy, designed to compose arbitrarily complex @safe transactions using a python script github PR now interacts with your safe to: - serve as audit trail and peer review - simulate txns + print results - queue txns direct to your ms - issue tg alerts

Name & Symbol: Safe Token ($SAFE)
Address: 0x5afe3855358e112b5647b952709e6165e1c1eeee

.@CurveFinance is gearing up for a major liquidity expansion. The latest proposal from Curve DAO isn’t just about adding more liquidity. It’s a strategic move to unlock growth leverage for crvUSD and @yieldbasis (YB). 3 key points: 1/ Increase the weekly bribe budget to 360k YB to attract liquidity into crvUSD pools. 2/ Raise the PegKeeper limit from $108M → $300M crvUSD to absorb larger supply. 3/ Expand YB capacity to $500M and allocate $1B crvUSD. Why this matters: crvUSD is the lifeblood of YB pools. Strong stablecoin liquidity allows Curve to scale leveraged stable vs crypto markets (like WBTC, tBTC, cbBTC) without breaking the peg. This unlocks: - Deeper on-chain liquidity - Stronger crvUSD price stability - Higher capital efficiency for YB pools. Currently, just WBTC + cbBTC + tBTC generate around $1.32M/week in base yield. Scaling TVL to $500M could massively boost system revenue, enough to self-sustain bribe rewards without excessive token emissions. My thoughts: - Curve isn’t just trying to grow crvUSD. It’s engineering a self-reinforcing liquidity loop. Once YB scales, Curve could position itself as a serious contender to Maker or Aave with a unique edge: AMM + stable pool architecture. - If this plan executes smoothly, crvUSD could become a core stablecoin in next-gen DeFi where stable liquidity isn’t just “parked” but actively earns, supports leverage, and enables more efficient arbitrage. Fun fact: This bribe mechanism might drive TVL and APR in crvUSD pools to very attractive levels → potentially pulling in fresh capital.

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Looks like pegkeepers made an extra ~$40k this week vs. previous baseline thanks to Yield Basis induced volatility https://t.co/2ICZ1LhwYb

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

@DefiMoon @yieldbasis Well ser - this 0.1% is a depeg for ants. However, I agree: Curve DAO needs to utilize YB stream it has asap to bribe for core crvUSD pools! Let’s make them big

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

The $YB airdrop is now live on Stake DAO All sdCRV holders are eligible, Stake DAO used its entire $CRV Liquid Locker voting power to support the @yieldbasis on @CurveFinance proposals. Claim your $YB tokens on Stake DAO portfolio page. 🐘 Stay tuned: sdYB is coming soon https://t.co/eEkGTilCOy

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Leviathan Livestream: Llama Party 10/17 feat. news on Curve, Yield Basis, Resupply... https://t.co/G4vXYKoMWJ

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

I've just begun to better understand the new @yieldbasis protocol by Curve Founder @newmichwill. I find it very interesting for the simplicity it offers as a product seeking to maximize ease of access to higher yields on BTC. There's a multi-trillion-dollar market cap for BTC, the vast majority of BTC still being unused other than holding as a SoV, so catering to this audience through DeFi, could prove to be very strategic for YB's growth and adoption. Here's all the key details I could gather below, with more immediate plans to record an @edge_pod on YB: + YB is built for maximizing your yield on tokenized BTC + Users choose to deposit tBTC, cbBTC, or WBTC + In turn, you get exposure to 2× leveraged BTC/crvUSD LP + The protocol borrows crvUSD against the Curve LP and keeps the loan at 2× compounding leverage (50% debt‑to‑value) + Taking clever lessons from @AerodromeFi, you can stake the LP and instead of trading fees, you receive YB emissions voted on by veYB lockers. Otherwise, you can remain unstaked and earn the LP trading fees. + 30% of all tokens (300M YB) are distributed through liquidity mining based on a dynamic emission schedule. + Those holding the YB token can create locks for up to 4 years in duration, the more you lock, the longer you lock, the more voting power and the right to a greater claim on protocol revenue (ie trading fees), since you vote on gauges where to allocate YB emissions to staked LPs so that you as veYB holders can claim a share of the trading fees. It's the whole ve3,3 flywheel idea. + Pools opened for deposits just a few weeks ago on Sept 26 with: tBTC, cbBTC, and WBTC. Each has a $50M cap that filled, so the protocol currently holds a total of $150M TVL. + YB token just launched about 12 hours ago on Ethereum Mainnet (and I think BNB Smart Chain) so we will need more time to judge the result of these token incentives but being familiar with veAERO, and veCRV, I'm sure we will see some substantial yields for Yield Basis LPs and veYB lockers who are incentivized to allocate YB emissions to these YB LPs. + The big question is can this Yield Basis protocol properly manage a 2x BTC/crvUSD LP and hedge out IL? That's a part of the protocol (lotta math) that's beyond me but results will prove in the long term if this works as designed or where they might be shortcomings. Note: I have no investment in YB, I do not do paid tweets, but I do find it interesting as a long time Curve user and intend to try out the YB LPs when caps are raised in future.

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Nice organic fee APR in YB/crvUSD pool @yieldbasis @CurveFinance https://t.co/AVgdUV1nby

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

YB airdrop with @yieldbasis is happening! - To @CurveFinance veCRV voters who supported proposals important for YB: 5M YB - choose claim() here https://t.co/btyyNOxAsZ; - To Early LPs - 5.625M, amounts are as if they farmed a constant stream during this airdrop season; - If early LP earned up to 5000 YB - tokens are being sent to wallets right now unlocked, no need to claim; - If early LP earned more than 5000 YB - the amount above this threshold is vested for 1 year here and can be claimed with claim() https://t.co/OqCNxYcP7D. The UI for claiming to follow soon!

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

The @yieldbasis $YB airdrop is coming to Stake DAO. Later this week, $YB will be distributed to all $sdCRV holders based on their $veCRV voting power on @CurveFinance. @0xconcentrator $asdCRV and @0xLiquidBoost $sdCRV holders will also receive their share of the airdrop.

Name & Symbol: Yield Basis ($YB)
Address: 0xfb93ee8152dd0a0e6f4b49c66c06d800cf1db72d

Bad news... hearing rumors that $PUMP is solvent

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

YieldBase's success is highlighting a MASSIVELY overlooked money making opportunity: $GS YieldBase is cool and mucho clever design using crvUSD loans to build 2x leveraged synthetic AMMs that auto-rebalance to maintain leverage, backtests well plus Egorov’s name alone is enough to make people throw capital at it...BUT the valuation has gone parabolic before the product’s even live: $800M FDV for something still in beta, capped, and not yet generating yield @GammaSwapLabs sits quietly at only $50M FDV: - Same meta: yield built directly from AMM mechanics, but from a completely different and arguably deeper angle - GammaSwap isn’t a DEX; it’s a lending layer for AMMs, lets users borrow liquidity directly from pools (like Aave for LPs, except instead of lending against collateral, you borrow exposure from existing liquidity providers) - Ability to short impermanent loss (and by extension, profit from impermanent gain) in the form of a straddle, long, or short position...kind of mechanics that normally only quants could manage manually, BUT GammaSwap’s new “Yield Tokens” automate the entire process (mucho easy) giving users single-sided exposure that behaves like spot but still earns yield - GammaSwap hedges the LP itself and is oracle-free, natively composable, and integrates across external AMMs like Uniswap and Aerodrome (doesn’t need to compete for liquidity) YieldBase sits at 16x the FDV of GammaSwap (despite similar TVLs) roughly $31M for YB and $22M for GS Given Gammaswap's mechanics PLUS the difference in token valuation...seems like a pretty incredible opportunity to Linn DC: NOT a promotional post, Linn has been and is accumulating $GS because of the above, Linn does so because Linn thinks it will go up, Linn previously was working as a $GS ambassador but is no longer in contract so currently just says nice things about it because believes in the team

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Orderbooks are ruled by MM firms, AMMs are ruled by the People

Name & Symbol: MOMOFUN ($MM)
Address: 0xa5346f91a767b89a0363a4309c8e6c5adc0c4a59

Excited to have $FPS on the @OpenStableIndex vote for the assets included in the $OPEN index! vlSQUILL voters - an early bet on a Swiss Franc stablecoin can turn out to be very profitable! Good luck to all candidates! $ZCHF

Name & Symbol: OpenLedger ($OPEN)
Address: 0xa227cc36938f0c9e09ce0e64dfab226cad739447

$SQUiLL is ultra pristine indeed. Even better? vlSQUILL earning me $OPEN fees, an index outperforming ETH. The governoooor

Name & Symbol: OpenLedger ($OPEN)
Address: 0xa227cc36938f0c9e09ce0e64dfab226cad739447

How $OPEN make moni. A 🦑 reminder

Name & Symbol: OpenLedger ($OPEN)
Address: 0xa227cc36938f0c9e09ce0e64dfab226cad739447

The Mag7 of stablecoin-networks was born April 15, fully onchain. Seven became ten in today’s $OPEN equal-weight index tracking projects advancing transparency, composability, and user-led governance. This isn’t your daddy’s index fund. There's no central team, no company, no middlemen. Just smart contracts and open money enthusiasts iterating block by block. SQUILL governs OPEN. And yes, it’s being airdropped soon™️. Snapshot complete ✅ -DefiLlama onchain subscribers @DefiLlama -GEAR governors @GearboxProtocol -Lobster DAO NFT holders @10b57e6da0 -Llama NFT holders @WenLlama Snapshot Oct 3 @ 12pm PT / 3pm ET (42 hrs away) -OPEN holders -Vote-locked SQUILL holders -OPEN/WETH LPs (Curve + Uniswap) -SQUILL/WETH LPs on Curve -SQUID/SQUILL LPs on StakeDAO Claim instructions arriving next week. The experiment is just beginning. More at 🔗 in bio.

Name & Symbol: OpenLedger ($OPEN)
Address: 0xa227cc36938f0c9e09ce0e64dfab226cad739447

1/ $OPEN Stablecoin Index rebalances quarterly. 10 stablecoin networks. 2 new applicants: @ResupplyFi and @frankencoinzchf. Only 10 advance. Which two won't make the cut? Vote-lock your SQUILL to decide. RFC live (link in 2nd tweet). Snapshot voting starts next week.

Name & Symbol: OpenLedger ($OPEN)
Address: 0xa227cc36938f0c9e09ce0e64dfab226cad739447

OPEN is gonna airdrop to defillama subscribers If you subscribed to defillama before today, pls go to https://t.co/uXSHifx3qq and link a wallet so we can get you in the snapshot

Name & Symbol: OpenLedger ($OPEN)
Address: 0xa227cc36938f0c9e09ce0e64dfab226cad739447