What is YieldBasis (YB)?

YieldBasis is a platform that leverages BTC liquidity in a 2x leveraged BTC/crvUSD pool. Users deposit BTC and receive ybBTC tokens, which track BTC’s price 1:1 and generate Curve trading fees. The protocol borrows crvUSD to maintain a 2x leverage (50% debt-to-value ratio), eliminating impermanent loss. Users can hold unstaked ybBTC to earn BTC-denominated fees or stake ybBTC to receive YB token emissions. YB tokens, when vote-locked as veYB, grant governance power and a share of protocol fees.

Purpose of YieldBasis (YB)

YieldBasis addresses impermanent loss in traditional AMMs, where position value grows as √p, leading to losses compared to holding BTC directly. By applying 2x leverage, YieldBasis ensures position value scales with p (BTC price), eliminating IL while still capturing trading fees.

How Does YieldBasis (YB) Work?

YieldBasis creates a 2x leveraged position and maintains it through automated rebalancing:

• BTC Deposit: Users deposit BTC and receive ybBTC.

• crvUSD Borrowing: The protocol borrows crvUSD equal to the USD value of the BTC and adds both to the Curve BTC/crvUSD pool.

• LP Collateral: The resulting Curve LP token serves as collateral for the debt.

• 2x Leverage: The debt-to-value ratio is kept at 50%.

• Automated Rebalancing: When BTC price shifts, the Rebalancing AMM and Virtual Pool incentivize arbitrageurs to restore the 50% ratio.

BTC Price Changes:

• Price Up: Debt ratio falls below 50%; arbitrageurs add crvUSD, mint LP, and increase debt.

• Price Down: Debt ratio exceeds 50%; arbitrageurs withdraw LP to repay debt.

Fee Distribution:

• 50% is used for pool rebalancing.

• 50% is split between unstaked ybBTC (BTC fees) and veYB (admin fees) via a dynamic admin fee.

• Staked ybBTC earns YB emissions.

YieldBasis (YB) Use Cases

YieldBasis serves the following DeFi purposes:

• Liquidity Provision: Deposit BTC to earn fees without impermanent loss.

• Staking: Stake ybBTC to earn YB token emissions.

• Governance: Lock YB as veYB for voting rights and fee sharing.

Usage Steps:

1. Visit the YieldBasis website and connect a wallet.

2. Deposit BTC to receive ybBTC.

3. Choose Trading Yield (BTC fees) or Token Yield (YB emissions).

4. Burn ybBTC to withdraw BTC and accrued yield anytime.

Advantages of YieldBasis (YB)

• No Impermanent Loss: 2x leverage ensures 1:1 BTC tracking.

• Yield: Curve trading fees and YB emissions.

• Automation: Arbitrageurs handle rebalancing.

• Flexibility: Deposit or withdraw anytime.

Risks of YieldBasis (YB)

• Debt Risk: crvUSD peg deviations.

• Rapid Price Swings: Temporary spread widening.

• Governance: Adjustments to debt ratios.

YieldBasis (YB) Tokenomics

Total YB supply is not specified. Allocation:

• Team: 25%

• Liquidity Incentives: 30%

• Public Sale: 2.5%

• Community: 3%

• Curve Licensing: 7.4%

• Protocol Development: 7.5%

• Investors: 12.1%

• Ecosystem: 12.5%

YB Utilities:

• Access: Unlock premium features.

• Incentives: Rewards for community contributions.

• Governance: veYB enables voting.

• Staking: Locking YB for fee sharing.

veYB: Lock YB for up to 4 years; 4 years = 1 veYB, 1 year = 0.25 veYB. veYB is transferable as an NFT (only for max lock).

YieldBasis (YB) Investors

YieldBasis secured significant funding in 2025. On October 13, 2025, an Initial Exchange Offering (IEO) on Binance Wallet raised $2.5 million by selling 25 million YB tokens at $0.1 each, with tokens fully unlocked.

Between October 1-2, 2025, another IEO on Kraken Launch raised $2.5 million by selling 12.5 million YB tokens at $0.2 each, fully liquid at the Token Generation Event (TGE). Concurrently, an Initial Coin Offering (ICO) on the LEGION platform raised $2.5 million by selling 12.5 million YB tokens at $0.2 each, also fully liquid at TGE.

Official Links

• Website
• X (Twitter)
• Whitepaper

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post What is YieldBasis (YB)? appeared first on Coin Engineer.

Spot trading for G/USDT and G/TRY pairs has commenced on July 19, 2024, at 08:00 UTC. Spot Copy Trading users can incorporate these pairs into their portfolios by activating them in the Personal Pair Preference section of the Spot Copy Trading settings.

Binance Expands Gravity (G) Support Across Platforms

Binance is thrilled to announce the integration of Gravity (G) into its Simple Earn, Buy Crypto, and Convert services. Furthermore, G will be available on Binance Margin starting July 19, 2024, at 10:00 UTC, and on Binance Auto-Invest from July 22, 2024, at 10:00 UTC.

You can present your own thoughts as comments about the topic. Moreover, you can follow us on Telegram and YouTube channels for this kind of news.

The post Binance Completes Galxe (GAL) to Gravity (G) Token Swap and Rebranding appeared first on Coin Engineer.

What is Hamster Combat?

Hamster Combat is a viral play-to-earn (P2E) game within the Telegram application. Users can earn tokens by playing this game, which can be converted into crypto assets with real-world value in the future. It has a significant following with over 20 million subscribers on its Telegram channel and 10 million YouTube followers.

How to Play?

You can start playing easily by completing the following 3 steps:

1. Access the game’s Telegram bot by clicking on our Registration Link.
2. Press the blue “Play” button at the bottom left and wait for the settings on the screen to complete.
3. Start progressing immediately with the 5,000 in-game currency you will earn through our Registration Link.

[Click to Start Playing Immediately with Our Registration Link]

Methods to Increase Your Earnings

• Invitations: Earn extra money by inviting your friends to the game.
• Tasks: Earn extra money by completing tasks in the game.
• Upgrades: Increase your hourly earnings by upgrading cards.

Project Roadmap

June 2024:

• Development of On-Chain Infrastructure
• Integration of In-Game Wallet
• Web3 Pre-Listing Task

July 2024:

• Token Generation
• Launch of In-Game Token Usage

Q3 2024:

• Squad Combat
• Timed Events
• Characters and Skins
• Live Events

When is the Airdrop Coming?

Although there is no definite information yet, user expectations point to the third quarter.

The post What is Hamster Combat? The Way to Earn Money While Having Fun! appeared first on Coin Engineer.