Understanding Yieldbasis Listing

YieldBasis is an innovative DeFi protocol designed to empower users to contribute liquidity to automated market maker (AMM) pools while minimizing the risk of impermanent loss. This is accomplished through a unique 2x compounding leverage method utilizing the robust infrastructure of Curve Finance, allowing users to deposit crypto assets in exchange for YieldBasis LP tokens that represent their stake in the liquidity pool. The significant exposure gained from a listing on leading exchanges like KuCoin enhances visibility, trading activity, and credibility, propelling Yieldbasis towards greater adoption in the crypto community.

Yieldbasis’s Impact on the Cryptocurrency Landscape

Many participants in DeFi experience losses due to impermanent loss; Yieldbasis addresses this using advanced borrowing and rebalancing mechanisms, ensuring stable positions amidst market fluctuations.

2. Enhanced Earnings for BTC Holders
Typically, Bitcoin holders either hold or stake their BTC. However, Yieldbasis enables them to earn trading fees and rewards without having to convert their holdings into alternative tokens.

3. Synergy with Curve and crvUSD
By integrating with the Curve ecosystem and employing the crvUSD stablecoin, Yieldbasis bolsters both its own and Curve’s growth trajectories.

4. Fostering Innovation
If successful, Yieldbasis could set a benchmark for future DeFi projects, showing how to reduce risks while distributing rewards effectively and encouraging other initiatives to follow suit.

5. Increased Exposure with KuCoin Listing
The KuCoin listing drastically broadens Yieldbasis’s reach, drawing in more users and liquidity, fostering trust, and accelerating its global adoption.

Yieldbasis Features

Here are some remarkable features that distinguish Yieldbasis:

Impermanent Loss Mitigation
The system is designed to effectively minimize or eliminate losses associated with price fluctuations through smart borrowing and automatic balancing, making it appear more like direct BTC holdings.

Enhanced 2x Leverage System
Utilizing crvUSD, Yieldbasis establishes a 2x leveraged engagement, allowing for increased earnings while maintaining balanced risk profiles.

Automated AMM Rebalancing + Virtual Pool
As market conditions change, the smart contract dynamically adjusts the liquidity pool, utilizing a virtual pool and providing incentives to contributors aiding in maintaining equilibrium.

Dual Earning Potential

• Participants can earn via two distinct pathways:

• Fees generated from liquidity pools.

• YieldBasis token rewards through staking.

Adaptive Fee Framework
This framework adjusts fees based on liquidity pool performance. A portion of the fees is shared with users, while others contribute to governance and system maintenance.

Yieldbasis has secured a substantial $60 million credit line in crvUSD from Curve DAO, enabling effective borrowing and initial pool creation.

Deployment of Pools on Ethereum
The initial liquidity pools will consist of BTC (in wrapped formats) alongside crvUSD stablecoins. Each pool will commence with approximately $10 million to manage risks efficiently.

Yieldbasis Growth Strategy

Yieldbasis has outlined an ambitious plan for its future:

1. Fundraising & Token Release

• Yieldbasis successfully secured $5 million at a valuation of $50 million.

• A 10% allocation (100 million YB tokens) was sold during the token launch.

• Token releases are scheduled to begin after 6 months, gradually unlocking over a two-year term.

2. Curve DAO Collaboration

Following receiving the $60M crvUSD credit line, Yieldbasis can begin financing its liquidity pools effectively.

3. Launching Liquidity Pools

Yieldbasis plans to debut BTC/crvUSD liquidity pools (including WBTC, cbBTC, and tBTC), designed with strict deposit limitations for risk management.

4. Emphasis on Security & Audits

In light of its complex structure, Yieldbasis is prioritizing multiple security audits to ensure comprehensive safety.

5. Strategic Expansion

Future strategies include broader network integration and support for additional tokens extending beyond the BTC scope.

6. Governance Enhancements & System Upgrades

Collaboration between the team and the community will fuel feature enhancements, regulatory updates, and overall system growth.

The KuCoin listing serves as a milestone in this journey, providing essential visibility, trust, and liquidity to expedite scaling.