yieldbasis

Turning crypto into productive assets using original Automatic Market Making without IL. Focusing on $BTC first. Dm is open.

tg:

[Open Interest @openinterest_hq]

Where does YieldBasis’s Bitcoin yield actually come from?

@newmichwill, founder of @CurveFinance and @yieldbasis, explains how trading activity generates yield and why quieter markets mean lower returns.

[yieldbasis @yieldbasis]

a new chapter for AMMs.

proposal #60 brings a permissionless propAMM approach to yb-WETH.

higher trading volumes, tighter spreads and yield across different market conditions.

special thanks to our friends at @metricxyz for the valuable feedback that helped shape this upgrade.

https://t.co/qdQKcRBmvX

[yieldbasis @yieldbasis]

ETH yield is about to get interesting.

new oracle and fee policy proposed for @yieldbasis WETH pool

simulations show annualized fundamental yield increasing from 3.6% to 8.5%

WETH first, BTC pools next!

https://t.co/EPbaGaILUS

[yieldbasis @yieldbasis]

watch the full talk

https://t.co/M5nR6PfKGC

[yieldbasis @yieldbasis]

explore the challenge of impermanent loss in AMMs and how Yield Basis aims to solve it. We review one year of data to see its performance in a volatile market, explaining its unique approach.

@newmichwill at @token2049

[yieldbasis @yieldbasis]

👀

[yieldbasis @yieldbasis]

"the results are also encouraging, though returns are far more dependent on market volatility"

@KR1plc 🫡

[KR1 plc @KR1plc]

https://t.co/6sAg9o6wOG

[yieldbasis @yieldbasis]

https://t.co/81Ov63Dyjo

[yieldbasis @yieldbasis]

👀

[Michael Egorov @newmichwill]

Are propAMMs good or bad, and why? Asking for a friend

[yieldbasis @yieldbasis]

https://t.co/0jfI8spekI

[Michael Egorov @newmichwill]

👀

[J. @llamaintern]

Another update to the @yieldbasis analytics page

you can now see various transactions across all YB pools

[Shoal Research @Shoalresearch]

Managing Chaos in Atoms and Markets: Michael Egorov on Physics, Liquidations, and Financial Engineering

Shoal Signal Ep. 19 with @newmichwill, founder of @CurveFinance and @yieldbasis, hosted by @zaddycoin

We cover how cooling atoms to 100 nanokelvins taught him to trust an invariant instead of a price, why he took impermanent loss on a trade on purpose, the half year he sat in liquidation on purpose to test Curve, and why nuclear fusion gets solved sooner than the field expects.

0:00 Photons look like giant cucumbers
0:58 What coherence time actually is
4:46 Bose-Einstein condensate and laser cooling
8:47 A qubit that held for seconds
11:36 From ideal atoms to ideal markets
13:50 The invariant is the only signal
15:08 Control systems in the lab and DeFi
16:42 Quantum finance and prices tunneling
18:49 A toy universe made of vortices
21:18 Why there is no antimatter around us
23:57 Crypto as the revolution in money
25:29 Cycles from Mt. Gox to meme coins
30:40 Where retail's next opportunity sits
33:36 The Web3 promise that never landed
35:28 Why crypto fits agents better than humans
39:09 Working only on impossible problems
40:00 Solving impermanent loss with Yield Basis
40:48 Reversible liquidation in Curve
42:26 Half a year in liquidation on purpose
45:42 Where the risk actually sits
49:45 Paying authors when AI trains on books
53:28 Energy as the next breakthrough
57:17 Two roads to fusion
1:03:33 Thorium and the economics of nuclear
1:08:13 Where the alpha is
1:10:21 Turning mercury into gold in San Francisco

[yieldbasis @yieldbasis]

more capacity is here.

proposal #56 passed and executed.

new capacity is now open for both @WrappedBTC and @coinbase BTC.

@ethereum has room too.

three markets open.
everyone is welcome.

https://t.co/nwrOucybPv

[yieldbasis @yieldbasis]

A bit more parameter changes (lower-fee mode for all BTC pools to work a bit better in low-volatility time):
- vote on @CurveFinance: https://t.co/CUmMHv5BZk
- vote on Yield Basis: https://t.co/vNwStjdv9F

[J. @llamaintern]

New @yieldbasis stats live on the analytics page

volumes and fees are now showing

[yieldbasis @yieldbasis]

a vote to increase caps of WBTC @WrappedBTC and cbBTC @coinbase to match each other: 50M cap each

https://t.co/rEl8yMuCJb

[Chado @chadosdiary]

Fees in @yieldbasis do not reach veYB until the pool has paid itself back first.

Most holders never see that switch. It explains almost every "why am I earning nothing" question.

There is no payout in a YB pool. You get paid by one share becoming worth more. Fees push that up, rebalancing and BTC drawdowns push it back down.

Every pool keeps a running record of how far the staked side has slipped behind. While that number is above zero, all incoming profit goes into closing it and the DAO takes nothing.

What that means depending on where you are:

• In the pool, not staked. Nothing is being skimmed off you right now. Every cent the pool earns lands in your share value, including the part that will go to the DAO later.

• Staked. Same share value, plus YB emissions. The switch does not touch emissions either way.

• Locked into veYB. You are the one waiting. No fee income from that pool until the record hits zero.

One pool right now, as an example: it is 0.16% short. What is holding it is that the pool's money is bunched 13.2% behind where BTC trades, and it walks back in small steps paid out of the same profit. Your 0.16% closes only after that bill is paid.

Once it closes, 48.8% of everything after starts flowing to the DAO side. That share climbs with how much of the pool is staked (67.6% today) and never drops under 10%.

Nothing for you to do. Fees outrun the bill, the switch flips.

[yieldbasis @yieldbasis]

Parameters for @coinbase cbBTC and @TheTNetwork tBTC to earn more, similar to WBTC, are being voted in.

If you have veYB - vote here: https://t.co/BYlwvhOCSp
If you are @CurveFinance voter - complimentary vote here: https://t.co/6HYez1gbOG

[Michael Egorov @newmichwill]

It's always this feeling when observing @yieldbasis pools while the market move is really furious. Very interesting for us, researchers!