proud to support the @yieldbasis team here at @legiondotcc, and extremely bullish on how they're here to MCYGA (make crypto yields great again) YieldBasis solves one of defi's most significant pain points: impermanent loss (aka when you lose value vs. simply hodling when price fluctuates) Here's a TL;DR on YB - Gigabrain founder: @newmichwill of @CurveFinance - Impermanent loss solved at the AMM level: automated 2x leverage design and rebalancing, aims to track BTC's 1:1 - Turns volatility into profit: sustainable yield in both bull and bear markets - Opens LPing to any BTC holder, not just whales - ybBTC = the product: deposit BTC, receive ybBTC (BTC exposure + fee flow), designed to plug into money markets & DEX base pairs - 6 years of backtests suggest up to ~20% BTC APR across market conditions (backtests ≠ guarantees) - Curve/crvUSD synergy: deep liquidity, leverage access and integrations With all that said, this feels like the "ETH staking" moment for BTC. Just like staking...
5.37K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.