yieldbasis

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

tg:

[yieldbasis @yieldbasis]

here we go again

+10m @wrappedBTC capacity is now open!

@merkl_xyz is now live, enabling protocol scaling.

everyone is welcome. @yieldbasis.

[IkeBillion.eth @Ikebillion_]

Yield Basis is a more genius idea than most people realize.

I was going through a post by @Diphunter18 on crvUSD where he shared more on how it generates its demand.

Being in the industry and building Pharos, I get to see the models of almost every stablecoin and the reality is that most founders focus on building demand through how much is minted and who is integrating it. The more interesting question is what makes someone want to borrow in the first place.

With @llamalend, users can open crvUSD positions without actually selling their collateral. They unlock liquidity from it while keeping their underlying exposure.

@yieldbasis opens up that opportunity for BTC holders. With BTC down roughly 50% from its highs, OGs and maxis do not want to let go of their positions. Users provide BTC liquidity and use borrowed crvUSD to increase their position size.

That single strategy simultaneously creates borrowing demand, expands crvUSD supply, and deepens liquidity in the pool. Every user running that loop is doing three things for the ecosystem at the same time.

I checked yieldbasis/earn and not surprisingly, WETH and cbBTC have already reached full capacity. Opportunities are still available (just) with tBTC.

Simple yet rigidly brilliant strategies like these are genuinely what makes me so pro Curve ecosystem, as I have written about many times before.

[Ivan Livinskiy @ilivinskiy]

here animation for @yieldbasis $YB - timeline how emissions go and how locks go. You can see long term veYB locks cover and even more than new emissions to market.
team tokens not include here, they auto go to lock.

[Aero @0xAero8]

Scaling potential with Yieldbasis is huge.

Target audience is passive LPers, not interested in IL or checking price of emissions token.

One can simply autocompound their principal asset - $btc and/or $eth. I’m sure more assets will come.

$YB

[yieldbasis @yieldbasis]

@WrappedBTC 🫡

[WBTC @WrappedBTC]

.@yieldbasis has now been added to the WBTC ecosystem list on our website.

Take a look: https://t.co/JfFSTovTVS

[yieldbasis @yieldbasis]

@bitcoin_yield @bitcoin_yield ❤️

[BitcoinYield @bitcoin_yield]

EXPLAINER: How @yieldbasis Real Yield Vaults work.

These vaults aim to offer higher DEX trading-like returns without being exposed to impermanent loss.

[yieldbasis @yieldbasis]

no need to rush this time. scaling has just begun.

[yieldbasis @yieldbasis]

no need to rush this time. scaling has just begun.

[yieldbasis @yieldbasis]

here we go again

+10m @wrappedBTC capacity is now open!

@merkl_xyz is now live, enabling protocol scaling.

everyone is welcome. @yieldbasis.

[Vasily Sumanov @vasily_sumanov]

YieldBasis clearly dominates BTC-stable liquidity in entire onchain landscape.

Closes competitor pool has $25m TVL only (vs. 87m/46m YB)

No-Impermanent loss affects LPs decisions

[Michael Egorov @newmichwill]

A vote to turn @merkl_xyz rewards for @CurveFinance pyUSD/crvUSD pool which allows to scale @yieldbasis to billions. Plug that in!

https://t.co/O8brUKJwnG

[BitcoinYield @bitcoin_yield]

A @yieldbasis governance vote is live.

What is does: Increase the capacity of the wBTC vault by $10m.

Marking a 45% increase.

[J. @llamaintern]

First of many capacity increases to be expected with Yield Basis

Pools have been at capacity for months now @yieldbasis; the demand for BTC yield has been obvious, yet we haven't been able to scale capacity as fast as some LPs have asked us to.

Yield Basis always took into consideration the peg health of crvUSD whenever we wanted to increase capacity. This has been the main reason why we haven't been able to increase capacity for a while now.

This changed after we introduced the reserve in proposal #51 to support the crvUSD peg. This is one of many steps we have to scale the protocol to +1 billion in TVL as we'll look to gradually deploy the remaining credit line we received from Curve DAO. Safety remains our first priority and we remain observant of the crvUSD peg as we scale.

Keep notifications on @yieldbasis to not miss any capacity updates

Onwards and upwards

[yieldbasis @yieldbasis]

+10m @WrappedBTC capacity.

proposal #52 is live.

enabled by proposal #51, with crvUSD supply sinks supported via @merkl_xyz when needed.

veYB holders - vote:
https://t.co/fvYPdwPSnI

wbtc LPs - stay ready!

[yieldbasis @yieldbasis]

back to normal

there was time to enter

capacity is gone again

with proposal #51,
these windows will appear more often

just stay tuned.

[BitcoinYield @bitcoin_yield]

.@yieldbasis Token Yield Explained in 2 Minutes

How the leveraged LP position works, two return paths for a yb-LP position, and what drives the displayed APR.

Watch below ↓

[yieldbasis @yieldbasis]

m00n?

more updates incoming

[Vasily Sumanov @vasily_sumanov]

Few understand how big it is for the $YB's future

It directly stabilizes $crvUSD peg, enabling:
- More captured fees LPs & veYB holders
- Higher TVL limits
- TVL -> fees for LPs & veYB -> 🌀for $BTC $ETH LPs

FLYWHEEL:
📈yield mean more LPs wiling to join
📈 TVL (limits unlocked!) increases market depth and attracts more swap volumes
📈 swap volumes mean ever more fees, and cycle repeats 🌀

[yieldbasis @yieldbasis]

scaling is coming

proposal #51 allocates part of YB fees to a strategic reserve for crvUSD stability

it is used only when needed through @merkl_xyz incentives

https://t.co/BQg43pCkVo