Yield Basis: Turn Bitcoin Volatility into Reliable Yield
Yield Basis offers a innovative way for Bitcoin holders to earn sustainable returns without the pitfalls of traditional liquidity provision. By leveraging advanced mechanics from Curve Finance, it eliminates impermanent loss while preserving full BTC exposure. Deposits into BTC/crvUSD pools generate trading fees from volatility, and participants can earn additional rewards through token emissions and governance.
This protocol, developed by Curve Finance’s founder, uses a self-balancing 2x leveraged structure to capture value from market movements securely.
Key Benefits for BTC Holders
- Zero Impermanent Loss: Automated rebalancing maintains your BTC position while earning fees.
- Dual Yield Streams: Collect BTC-denominated trading rewards or stake for $YB emissions.
- Full BTC Exposure: No dilution — benefit from price appreciation alongside yields.
- Proven Security: Built on Curve’s battle-tested AMM with deep liquidity.
- Flexible Governance: Lock tokens for voting power and a share of future protocol fees.
Supported BTC variants include WBTC, cbBTC, and tBTC, each in dedicated $50M capacity pools (with expansions planned via governance).
Token Emissions and Rewards
Yield Basis distributes $YB tokens (total supply: 1 billion) to incentivize liquidity and long-term commitment. Lock $YB as veYB (up to 4 years) for governance influence, admin fee shares (in BTC), and directed emissions.
| Category | $YB Allocation | Vesting Details |
|---|---|---|
| Liquidity Incentives | 300M (30%) | Dynamic schedule based on governance |
| Early LPs - Season 1 | 5.625M | 12-month linear vesting from launch |
| Early LPs - Season 2 | 5.625M | 12-month vesting, starts 3 months post-TGE |
| Total Early LPs | 11.25M | Aligned with protocol growth |
Emissions reward both liquidity providers and veYB holders, adapting to on-chain activity for sustained value.
How to Participate
Connect Wallet: Visit the Yield Basis app and link your Ethereum wallet with tokenized BTC (WBTC, cbBTC, or tBTC).
Select Pool: Choose a BTC market, check current APRs and TVL. Pools cap at $50M but are set for governance-approved increases.
Deposit BTC: Pick your mode:
Yield Bearing Vault: Earn direct BTC fees from Curve trading.
Staked Vault: Add $YB emissions on top of fees.
Approve and deposit to receive ybBTC, your leveraged position token.
Engage in Governance: Use the Lock tab to create veYB from $YB. Vote in Vote to direct emissions across gauges.
Claim Rewards: Access the Claim tab for vested $YB. Follow updates in the Yield Basis Forum for community discussions and proposals.
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Yield Basis
Discover Yield Basis: Generate yield on your Bitcoin holdings without impermanent loss. Deposit tokenized BTC into leveraged pools for trading fees and token emissions — powered by Curve Finance innovation.
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