What is Yield Basis (YB)?
Yield Basis (YB) is a decentralized finance (DeFi) protocol designed to unlock sustainable, on-chain yield opportunities for Bitcoin holders. The project enables BTC holders to earn yield in a secure and capital-efficient manner, without facing the impermanent loss that typically comes with automated market maker (AMM) models. Its mission is to make Bitcoin a productive on-chain asset by combining single-asset liquidity pools, automated rebalancing, and decentralized community governance.
At the core of the platform lies the Yield Basis AMM, which allows users to deposit wrapped Bitcoin (wBTC or CBcoin) into isolated liquidity pools. The protocol utilizes Curve’s crvUSD stablecoin to introduce a leveraged, delta-neutral structure, maintaining a 200% collateralization ratio to protect capital and preserve price stability. Through automated rebalancing, the system continuously adjusts to track Bitcoin’s spot price, eliminating the risk of impermanent loss while generating yield either in the form of trading fees or YB token rewards.
Yield Basis was founded by Michael Egorov, the creator of Curve Finance, a DeFi protocol known for pioneering efficient AMM designs and governance models. Egorov and his team have years of experience in blockchain engineering, financial mathematics, and protocol development.
YB is the native utility and governance token of Yield Basis. It powers fee distribution, staking, and governance participation through the vote-escrow (veYB) system. Liquidity providers can also choose between earning YB rewards or BTC-denominated fees, giving flexibility based on yield preferences and market conditions.
The circulating supply of YB token is 95.24 million, with a total supply of 1 billion tokens.
YB token is listed on Binance for trade and purchase. The current price of YB is available and updated in real-time on Binance.