"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.