Michael Egorov, the founder of Curve Finance, has just introduced Yield Basis, a new DeFi protocol focused on providing sustainable yields for Bitcoin without incurring impermanent loss – the biggest challenge of traditional AMMs.
While Bitcoin lending markets often only provide very low yields, AMM exposes users to the risk of losing value as token prices fluctuate. Yield Basis addresses this issue with a new AMM model, allowing for deeper liquidity provision and creating more attractive yields for institutional and professional investors.
Michael EgorovIn the early stages, the protocol deploys 3 pools with a maximum deposit limit of 1 million USD per pool to manage growth. Yield Basis applies a veYB governance mechanism, where token holders must lock YB to participate in governance and receive protocol fees, paid in crvUSD or wrapped Bitcoin. Unlike many other DeFi projects, Yield Basis's distribution model is linked to position yield, helping to protect value for liquidity providers.
The project raised 5 million USD in early 2025 and is the first project to launch on the joint launchpad of Legion and Kraken. Although starting with Bitcoin, Egorov stated that this impermanent loss elimination model could be extended to Ethereum, tokenized commodity assets, or even stocks, thereby expanding the range of yield-generating assets on-chain.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Brave Introduces Cross-Chain Swaps for Bitcoin, Solana, Zcash, and Cardano Supported by NEAR Intents
Brave Wallet v1.88 added NEAR Intents, enabling cross-chain swaps across Bitcoin, Solana, Zcash, Cardano, and EVM networks.
NEAR Intents has processed over 19 million swaps and more than $14 billion in volume across 35 chains before this wallet integration.
Brave has added NEAR Intents to it
CryptoNewsFlash45m ago
Whales holding between 10 and 10,000 BTC increased their holdings, accounting for 68.17% of the total supply.
Santiment report shows that investors holding 10 to 10,000 bitcoins have increased, now controlling 68.17% of the supply. Bitcoin is performing strongly relative to the S&P 500, showing signs of a positive reversal. The S&P 500 has declined 2.2%, while Bitcoin has risen 2.4%.
GateNews52m ago
Bitdeer produced and sold 158.8 BTC this week, maintaining zero holdings
Gate News reported that on March 15, Nasdaq-listed mining company Bitdeer released its latest Bitcoin holdings data on X platform. As of the week of March 13, the company's Bitcoin holdings remained at zero. Data shows that Bitdeer mined 158.8 BTC this week and sold 158.8 BTC in the same period.
GateNews1h ago
Whale Closes Out $84 Million BTC and ETH Long Positions, Shifts to Spot Accumulation of 12,027 ETH
Gate News Update: On March 15, according to Ember monitoring, a whale that previously opened long positions worth $84 million in BTC and ETH on Hyperliquid on March 9 has closed its positions and instead purchased ETH spot on the platform. The whale address spent $24.87 million to purchase 12,027 ETH spot, with an average buying price of $2,068.
GateNews1h ago
