Jeff

[Genius @GeniusTerminal]

Gh0st just expanded.

Now live on @base and @solana 👻

https://t.co/NSKLfsDagx

[Michael Egorov @newmichwill]

These @yieldbasis users seemingly earn 20-30% APR on ETH (thanks to volatility) while earning 5% on USD (thanks to @CurveFinance) at the same time

[The Block @TheBlockCo]

YZi Labs invests 'multi-8-figure' in Genius Trading, with CZ joining as advisor https://t.co/1PMJFYmOWi

[Genius @GeniusTerminal]

We're incredibly excited to be working with @yzilabs & @cz_binance.

This will allow us to build faster and create a true private on-chain trading experience.

[忘れられない動画 @tanatana5252]

赤ちゃんが水に落ちた瞬間に、ちょうど反応して助け出した馬さん。やっぱ馬って賢いんやな。 https://t.co/FVUHYzdOka

[yieldbasis @yieldbasis]

probably a good time for launch.
monitoring closely.

time to go through the guide:
https://t.co/samfEnnWJ0

stay tuned!

[yieldbasis @yieldbasis]

https://t.co/liXYYaxwrY

[Michael Egorov @newmichwill]

Analysis and planned improvements for @yieldbasis pools.

In brief: simulations perfectly match reality, much better (more stable) pool performance incoming

https://t.co/l3oFtC9lOd

[Vasily Sumanov @vasily_sumanov]

$YB Emission vs. fees (total stats):
- Ratio: fees (LP+veYB)/emissions: 2.24x
- Average daily fees: ~$142K/day
- Average emission per day: $63k (~161K $YB/day)

Aggregate numbers:
1. Emissions: $5,266,742 (13,398,345 $YB with $0.39 avg price)
2. Total fees: $11,811,463
3. Average YB mining price: $0.83 (average yield per 1 YB mined, paid by staked LPs to receive emissions)
4. Emissions/Admin fees (veYB only) = 0.37 ($1,950,000 admin fees captured in v2 pools)

Numbers account for v2 pools only (recent 83 days)

This data comes live soon

[Michael Egorov @newmichwill]

Proposal to tweak parameters of WETH pool on @yieldbasis and the corresponding @CurveFinance pool. Pretty pictures inside

https://t.co/6r0Nw77oaQ

[yieldbasis @yieldbasis]

https://t.co/YpKWaRr890

[yieldbasis @yieldbasis]

dear degens, dont break the site anymore!

25m$ in eth was filled in 1 minute, new yb record!

now vote to give this pool yb emissions:

https://t.co/BuH2qL76jp

[yieldbasis @yieldbasis]

https://t.co/RvWGKXJWg9

[Frax Finance ¤⛓️¤ @fraxfinance]

A proposal from @newmichwill, founder of @CurveFinance, would scale @yieldbasis by growing crvUSD pools with USDC, USDT, and frxUSD.

When you're looking to scale in DeFi, you can trust in Frax and frxUSD, built to the GENIUS standard and fully backed by tokenized Treasuries.

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Not exactly sure when caps will raise but there should a race to get into these 2x BTC/crvUSD LPs (aka @yieldbasis vaults) to earn the real BTC fees and/or YB token emissions.

[John Galt @lurkaroundfind]

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.

[miderof @miderof]

@MooDengSOL @RobinhoodApp $Moodeng, $Poppy's big cuz, will be ripping through the market. New heights are coming FAST, and $Poppy is a sleeping giant with the highest potential!

$ CA: GD1AR5uHytu7nHJ9zWYEEHytmLe7MaD8wg6Tzesdpump

[Poppy The Pygmy Hippo 🇺🇸 🦛 🌺 @PoppyThePygmy]

🔊Sound on for 30 seconds of Happy with $Poppy and her silly antics 😇 with Mama Iris🪻🦛

You'll feel better I promise ☺️✨

#Poppy #Moodeng #Solana #Pumpfun #SaveThemAll

[Poppy The Pygmy Hippo 🇺🇸 🦛 🌺 @PoppyThePygmy]

🦛 $Poppy: Solana's Community-Named OG! 🦛

Poppy, Moodeng's cousin, is the first animal named by the Solana trenches with a mission to support endangered hippos. $Poppy is the blueprint for Memecoins with heart ❤️

Imitation is flattery, but there is only one original! 🦛🌺