yieldbasis

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

tg:

[yieldbasis @yieldbasis]

migration has started.

all @yieldbasis LPs should take action.
you can migrate normally, no rush.

• migration is now available and recommended for btc markets. if you have positions, they will appear automatically in [MY MARKETS] -> choose pool -> MIGRATE

• TRD in the eth pool is currently not optimal for migration, it might be better to wait.

• 1m cap per market is available in v3 without migration (btc pools already filled up)

[Michael Egorov @newmichwill]

Hotfix for some withdrawal errors observed @yieldbasis (and more proper allocation of crvUSD for the markets).
Please vote if you have veYB!
https://t.co/iCPq4CniJY

[Michael Egorov @newmichwill]

Don't forget to move your weight votes from v2 to v3 BTC pools at @yieldbasis

[Today in DeFi @todayindefi]

Yield Basis just launched V3

More assets. Better yields.

Full breakdown of how it works and the risks behind it:
https://t.co/DcdecQWu4u

[BitcoinYield @bitcoin_yield]

📺 New episode is live!

Michael Egorov, (@newmichwill) founder of Curve and YieldBasis, joins BitcoinYield to break down how YieldBasis turns BTC volatility into DeFi yield without traditional impermanent loss.

We cover:
• How @yieldbasis solves for impermanent loss
• why standard AMMs are lossy for long-term BTC holders
• how constant-leverage vaults preserve spot exposure
• where the yield comes from
• CurveUSD mechanics under the hood
• YieldBasis V3 upgrades and smoother liquidity movement

For serious Bitcoin deployers looking at higher % on-chain yield, this is one of the more technical conversations we’ve done. 👇

[BitcoinYield @bitcoin_yield]

"Market forces drive these APR's to be equalized." 🎙️ @newmichwill 

@yieldbasis has one of the only mechanisms where two different yield sources can be chosen once you've deposited and received ybBTC.

[IkeBillion.eth @Ikebillion_]

You're probably not watching but since no one will say it, I will.

Six hours since this post and since then:
WETH: Filled
tBTC: Filled

Four pools filled in total. The hybrid pools are moving right behind them.

cbBTC hybrid at 75.32%. WBTC at 15.43%. tBTC at 14.34%. 26.69%. Very interesting watch how the market is rushing over those yields.

Like I had often said, the market has capital ready to deploy. It just needs somewhere it actually trusts.

@yieldbasis is one of them.

[Ivan Livinskiy @ilivinskiy]

900 unique addresses have locked the $YB token in the @yieldbasis protocol. The DAO is growing!

[Michael Egorov @newmichwill]

New @yieldbasis markets already make fees. But they will start being distributed as soon as this new vote will pass

https://t.co/e9223GI5NW

[DeFi Dad ⟠ defidad.eth @DeFi_Dad]

Look at those @yieldbasis yields 👀

Don’t let off the gas, anon, there’s lots of opportunities just waiting to be found onchain

[Michael Egorov @newmichwill]

Dear arb traders! Of course your scripts may discover it automatically but please connect these pools to your systems if not:

=== Market #7 (WBTC) ===
cryptopool: 0x313698667d7FDD6789a9BC70821309ff891E729A
virtual_pool: 0xF96Ff1189f1c2977b37E5Df01962e1895bcc3d6A

=== Market #8 (cbBTC) ===
cryptopool: 0x862CB4E988FB66E72f128d1183829f8c05B6c6A0
virtual_pool: 0x04CA7a7E602335a261B63128e89d43b6fE1e2c87

=== Market #9 (tBTC) ===
cryptopool: 0x4F52C3a81E33521e5a9A47FD9D3BE475D2279c2e
virtual_pool: 0x1b9518f6B179552c6A903F213d4EA5503Ab7F96E

=== Market #10 (WETH) ===
cryptopool: 0x656341Ef90b622c6634e0573772FfB7f3669b9f3
virtual_pool: 0x772cfF0BE38A6ED31aeAe479cbcb26D54B8404CF

[Michael Egorov @newmichwill]

We are getting close guys, please vote "yes" here https://t.co/7KU2FuGql9

Somehow, @yieldbasis is a real DAO, and YOU are in charge of getting new things in!

[Ivan Livinskiy @ilivinskiy]

@yieldbasis swaps 😎🦙

[WBTC @WrappedBTC]

Reminder for WBTC LPs on @yieldbasis.

v3 pool migration is coming soon. Existing LP positions will need to be migrated manually once it goes live.

[Jordi in Cryptoland @lordjorx]

Curve's v3 is forcing Yeldbasis LPs to move.

As you know, @yieldbasis runs leveraged BTC and WETH liquidity on top of @CurveFinance. Those underlying pools just got upgraded to v3; since YB contracts are immutable, every existing LP has to migrate manually.

The migration is a single transaction and the TRD is almost 0%, so the cost will be low and compensated.

v3 improvements worth noting:

> Admin fee cap drops from 100% to 90%, meaning more fees flow to LPs
> Smoother rebalancing; no more huge TRDs

On the incentive side, 5.65M $YB in remaining Season 2 rewards go exclusively to migrated LPs. Distribution is split into four tranches. I suggest you to read about it but I'll be moving my funds asap.

Inflation is still at 100% for the coming year. I know the fees for lockers are high, so I’m not investing yet. However, I like all the moves the team is making, and I’m sure that by the next cycle, this could become a huge runner.

[Michael Egorov @newmichwill]

Another vote (7th!) for these new pools to receive YB emissions.

The vote uses predicted gauge addresses (which are deterministic) and verifies that they match, only executable after the previous six

https://t.co/ctNawRJT2J

[yieldbasis @yieldbasis]

long awaited moment

governance voting for @yieldbasis v3 pools deploy is now live.

vote for the future:
https://t.co/ZIjEMEpsgS

[yieldbasis @yieldbasis]

https://t.co/RUNQFe44E7

[J. @llamaintern]

V3 will be the biggest upgrade to date @yieldbasis

Our most efficient pools yet, introducing newly optimised parameters dialed in across every backtest

V3 is much better equipped to limit drawdowns and TRD for LPs even when volatility of the underlying assets changes

[BitcoinYield @bitcoin_yield]

Interviewing @newmichwill tomorrow.

Co-Founder of innovative protocols @CurveFinance & @yieldbasis.

YieldBasis specifically is interesting as it aims to solve the issue of impermanent loss. Opening the door for >10% returns common in AMMs.

Drop your questions below 👇