Yield Basis 

YB Price

What is the Yield Basis DeFi protocol?

Yield Basis is a DeFi protocol that runs leveraged, automatically rebalanced AMM liquidity positions designed to eliminate impermanent loss. Curve Finance founder Michael Egorov created the protocol. BTC and ETH holders deposit assets into AMM pools and earn trading fees on otherwise idle holdings. The protocol borrows Curve's crvUSD stablecoin against each position and tokenizes the position into a yield-bearing asset: ybBTC or ybETH. DropsTab classifies Yield Basis under DeFi.

How does Yield Basis eliminate impermanent loss?

Yield Basis targets impermanent loss through automated leverage and cyclic rebalancing. The protocol borrows crvUSD against a BTC or ETH liquidity position, then rebalances the position on a cycle after each price move. The rebalancing is designed to restore the position's weighting in the volatile asset, which is how Yield Basis aims to remove impermanent loss from liquidity provisioning. Each position is tokenized as ybBTC or ybETH, a yield-bearing asset representing the underlying LP position.

What is the YB governance token used for?

YB is the governance and incentive token of Yield Basis. Holders take part in governance and vote on gauges, which direct liquidity incentives across Yield Basis AMM pools. The token also funds LP rewards across LP seasons and the YB Pair Rewards program. Per DropsTab data, YB exists as contracts on Ethereum (18 decimals) and BNB Smart Chain, verifiable on Etherscan and BscScan.

How large is the maximum supply of YB tokens?

Per DropsTab data, the maximum supply of YB is capped at 1,000,000,000 tokens, and total supply equals the same cap. No emission event can raise supply above this level. Most new circulating supply enters through programmatic emissions: the 30% Liquidity Incentives bucket streams to liquidity providers across LP seasons, alongside daily streams from the Ecosystem Reserve and YB Pair Rewards allocations.

Which allocations hold the largest shares of YB supply?

Per DropsTab data, Liquidity Incentives holds 30% of YB supply (300M tokens) and Team holds 25% (250M). Ecosystem Reserve follows at 12.4% (124M) and Investors at 12.1% (121M). Curve Licensing and the Protocol Development Reserve hold 7.5% each. The Public Sale allocation is 2.5%. Team and Investors combined control 37.1% of supply, a heavy concentration of insider-linked allocations.

What does Yield Basis's token unlock schedule mean for sell pressure?

At the TGE on October 15, 2025, the Public Sale allocation unlocked in full (2.5%), alongside Initial DEX Liquidity (0.13%), Curve Governance (0.5%), and an initial Ecosystem Reserve tranche of about 5%. Investor tokens carry a six-month cliff to around April 15, 2026, followed by two years of linear vesting per the January 2025 pitch deck reported by The Block. Several buckets stream YB daily. This structure produces recurring supply growth, with no single large cliff event.

Is yield farming on Yield Basis risky?

Yes. Yield Basis runs leveraged positions: the protocol borrows crvUSD against each LP position, so farming returns depend on rebalancing performance and debt costs as well as trading fees. Token-side risk is structural. Team and Investors hold a combined 37.1% of supply, and investor tokens start unlocking after the cliff around April 15, 2026, followed by two years of linear vesting into roughly 2028.

Which investors backed Yield Basis and how much did it raise?

Per DropsTab fundraising data, Yield Basis raised over $12.5M across five rounds. A $5M private Funding Round closed on February 18, 2025 at a $50M fully diluted valuation; The Block reported a 15x oversubscription, and no investor names are recorded on DropsTab for that round. Three public sales priced YB between $0.10 and $0.20: the Legion ICM and Kraken Launch IDO at $0.20, and the Binance Wallet Sale at $0.10.

What did Yield Basis's airdrop campaign require?

DropsTab lists one campaign tagged Potential Airdrop for Yield Basis: a Pool campaign that started September 24, 2025. Qualification required two actions. Participants provided BTC liquidity in Yield Basis AMM pools, and participants voted for gauges to earn rewards. The campaign has ended. Ongoing LP rewards run through the gauge system across LP seasons rather than through a repeat of that campaign.

Where can you trade YB spot and perpetual futures?

Per exchange data on DropsTab, YB trades in spot markets on more than 15 centralized venues, including Binance, Kraken, OKX, Bybit, and Upbit, with quote pairs in USDT, USDC, USD, EUR, TRY, and BTC. Perpetual futures trade on 8+ venues, including Binance Futures and OKX Futures. On-chain, YB trades on Uniswap v3 (YB/WETH) and Uniswap v4, including a YB/crvUSD pair on Ethereum that reflects the protocol's Curve linkage. Tier-1 centralized coverage keeps liquidity risk low.