🎯 LOT Newcomer Limited-Time Airdrop is Live!
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Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!🎯 LOT Newcomer Limited-Time Airdrop is Live!
Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Curve Founder’s New DeFi Project Wants to Eliminate Impermanent Loss With Leveraged Liquidity - Unchained
Curve Finance founder Michael Egorov’s new project, Yield Basis, is designed to address the persistent challenge of impermanent loss in decentralized finance (DeFi) by leveraging liquidity in a different way.
In a white paper shared to X, Egorov explained that the protocol uses 2x leverage, typically via Curve’s crvUSD stablecoin, to to keep positions closer to market prices and reduce the effects of impermanent loss.
This story is an excerpt from the Unchained Daily newsletter.
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Yield Basis also tokenizes liquidity positions into yield-bearing assets (like ybBTC and ybETH), which can be staked for additional rewards.
The project raised $5 million at a $50 million valuation, with strong investor interest and a token (YB) vesting schedule that includes a six-month cliff followed by two years of linear release. It is currently in a “test-in-production” phase, with audits and testing underway before a full-scale launch.