1. Project Introduction
Yield Basis is a DeFi protocol created on the Ethereum chain by Michael Egorov, the founder of Curve Finance. It eliminates impermanent loss through an automatic leverage AMM mechanism and focuses on providing sustainable returns for BTC/ETH holders.
2. Project Highlights & Reasons for Attention
1. About to launch on Binance
2. A project initiated by the founder of CRV
3. Kraken's first IDO project
4. Using the DeFi gap in the BTC market: a $1 trillion BTC market has very low utilization in DeFi, with traditional lending yields only 1-3%
3. Token Utility
1. Governance Functions: Emission Allocation Voting, Protocol Governance
2. Revenue Sharing Mechanism
3. Liquidity Mining Rewards
4. Token Economics
Maximum token supply: 1 billion
Circulating supply: 87,916,667 YB
Incentives/Liquidity Mining (30% algorithmic distribution, no cliff)
Team (25% with 6-month cliff + 24-month linear unlock)
Investors (12% with 6-month cliff + 24-month linear unlock)
Ecosystem/Community (12.5% with 5% immediately unlocked + 24-month linear unlock)
Protocol Development (7.5% with 12-month cliff + 12-month linear unlock)
Curve Grants (7.5% dynamically distributed to veCRV holders)
Initial Liquidity (3% fully unlocked at TGE)
5. Funding Situation
1250 USD, mainly IDOs on Kraken and Binance platforms
6. Future Outlook & Potential Risks
N/A
7. Project Basic Information
Project Name (Full Name): Yield Basis
Project Token: YB
Project Track: defi
Project Official Website： https://yieldbasis.com/earn
Contract Address (Mainnet Browser):
https://etherscan.io/token/0x01791f726b4103694969820be083196cc7c045ff
Twitter： https://x.com/yieldbasis ( 32.7k follower）
1. Project Introduction
Yield Basis is a DeFi protocol created on the Ethereum chain by Michael Egorov, the founder of Curve Finance. It eliminates impermanent loss through an automatic leverage AMM mechanism and focuses on providing sustainable returns for BTC/ETH holders.
2. Project Highlights & Reasons for Attention
1. About to launch on Binance
2. A project initiated by the founder of CRV
3. Kraken's first IDO project
4. Using the DeFi gap in the BTC market: a $1 trillion BTC market has very low utilization in DeFi, with traditional lending yields only 1-3%
3. Token Utility
1. Governance Functions: Emission Allocation Voting, Protocol Governance
2. Revenue Sharing Mechanism
3. Liquidity Mining Rewards
4. Token Economics
Maximum token supply: 1 billion
Circulating supply: 87,916,667 YB
Incentives/Liquidity Mining (30% algorithmic distribution, no cliff)
Team (25% with 6-month cliff + 24-month linear unlock)
Investors (12% with 6-month cliff + 24-month linear unlock)
Ecosystem/Community (12.5% with 5% immediately unlocked + 24-month linear unlock)
Protocol Development (7.5% with 12-month cliff + 12-month linear unlock)
Curve Grants (7.5% dynamically distributed to veCRV holders)
Initial Liquidity (3% fully unlocked at TGE)
5. Funding Situation
1250 USD, mainly IDOs on Kraken and Binance platforms
6. Future Outlook & Potential Risks
N/A
7. Project Basic Information
Project Name (Full Name): Yield Basis
Project Token: YB
Project Track: defi
Project Official Website： https://yieldbasis.com/earn
Contract Address (Mainnet Browser):
https://etherscan.io/token/0x01791f726b4103694969820be083196cc7c045ff
Twitter： https://x.com/yieldbasis ( 32.7k follower）