Nik

Exploring the world of web3

[Nik @Nik4DeFi]

@olllotop @moltbook @callme_chado Currently, Chado is most active in Telegram chats. https://t.co/CNaPIZY9Bm

[Nik @Nik4DeFi]

I'm claiming my AI agent "chado" on @moltbook 🦞

Verification: reef-P22P

@callme_chado, beat everyone there :)

[Nik @Nik4DeFi]

@DeFiVoyager_X @yieldbasis Do your homework, ser.

[Nik @Nik4DeFi]

@aristotalled @ilivinskiy @newmichwill @JoeWaitOfficial This is exactly what's happening - the majority of incentives go to pools with crvUSD in the form of CRV, increasing the value of incentives by 1.63x relative to the YB price at current rates.

[Nik @Nik4DeFi]

@therollupco that's right, the best

[Nik @Nik4DeFi]

Everything works as intended!

In impermanent-loss AMMs (such as Uniswap v2/v3), restoring the peg always requires the price to return to the level at which the position was balanced.

YeildBasis was created to solve this problem by freeing liquidity providers from the ongoing risks of IL.

During the recent sharp decline in BTC’s price (the fastest since 2022 and the FTX collapse), peg drawdowns for the syb-cbBTC staking markets were minimal, and restoring balance took only a few days—likely thanks to more effective arbitrage and a combination of factors that prevented a strong initial dislocation.

Now syb-WBTC has also confirmed its effectiveness: in the first days of the market, the pool’s 50/50 balance level was at a price around $100 - 104k per BTC. As a result, a couple of weeks of operation and a return to ~$93k, which is ~7% below the starting price, proved sufficient for peg restoration—the gap was closed by the protocol’s mechanics.

It is also interesting to observe the further behavior. The relatively long recovery period may have been caused not by weak arbitrage but by unfavorable initial conditions under which arbitrage performed worse at the moment of the market shock.

@yieldbasis

[Nik @Nik4DeFi]

@mo_anonymus 🤣

[Nik @Nik4DeFi]

A big update to the dashboards — everything is much more convenient now. Please take a look and try clicking around, sers.
https://t.co/tIKJ9RaGt3

@yieldbasis @CurveFinance

[Nik @Nik4DeFi]

Do you know what these numbers in the screenshot really show?
It means that YB is seriously undervalued right now.

~$7.8M locked in veYB already generate around $24.5M in annual revenue — roughly 300% APR
(assuming current parameters — YB price, protocol earnings, and lock size — remain the same throughout the year).

But that’s not even the main point: the TVL cap for YB pools is about to be raised from 300M to 1B.

And here’s the key insight: once the new cap fills, the yield will grow almost proportionally to TVL — meaning it can increase by multiples.

And what if 1B isn’t even the limit?

I’m not trying to predict the exact APR here — just pointing out the order of magnitude…

NFA.

@yieldbasis @CurveFinance

[Nik @Nik4DeFi]

What does YBull offer?
- Buy and sell veYB NFTs for YB with zero fees.
- Full staking benefits + liquidity: your veYB stays active while listed.
- Anyone with a permalocked veYB can trade.
- After purchase, tokens merge with your existing lock.

[Nik @Nik4DeFi]

Marketplace #1 for veYB NFT trading — YBull
https://t.co/6e1W69nEZP

The first platform where veYB NFTs get a real secondary market.

Want to stake YB and earn future protocol fees but worry you won’t be able to sell?
Now that’s no longer an issue.

@yieldbasis @CurveFinance

[Nik @Nik4DeFi]

Listing your veYB does not require moving or withdrawing it.
Your veYB stays in your wallet and continues to function normally right up until the moment it is sold.

[Nik @Nik4DeFi]

s00n in public
@yieldbasis @StakeDAOHQ @CurveFinance

[Nik @Nik4DeFi]

YieldBasis’ actual revenue keeps growing.

I’ve prepared a convenient dashboard for analyzing the protocol’s yield and revenue performance:
https://t.co/5wUYEKOuVY

@yieldbasis @CurveFinance @llamaintern @newmichwill

[Nik @Nik4DeFi]

@traders_insight Wishing your wife strength and healing. And strength for you too. 🙏