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

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

A First for the U.S.: Staking-Enabled Crypto ETP

According to blockchain data, Grayscale staked 32,000 ETH, valued at roughly $150 million. This transaction occurred only a day after the firm rolled out staking features within its Ethereum ETPs.

With this launch, Grayscale became the first U.S.-based crypto fund issuer to offer passive income opportunities via staking. As outlined in the company’s ETP Staking Policy, the rewards generated will be treated as assets of the fund itself.

Shareholders will receive the majority of staking proceeds after sponsor and custodian fees are deducted:

• Ethereum Trust (ETHE) investors will collect about 77% of net rewards.

• Ethereum Mini Trust (ETH) investors will earn roughly 94% of rewards.

ETP vs. ETF: What’s the Difference?

Both the Grayscale Ethereum Trust (ETHE) and Ethereum Mini Trust (ETH) are structured as ETPs under the Securities Act of 1933. This sets them apart from traditional ETFs, which fall under the Investment Company Act of 1940.

This regulatory distinction means ETPs operate differently in terms of structure, governance, and investment flexibility compared to ETFs overseen by the 1940 framework.

A Busy October Ahead for the SEC

While Grayscale’s move establishes the first staking ETP in the U.S., October could be pivotal for crypto investment products. The U.S. Securities and Exchange Commission (SEC) faces decisions on 16 pending crypto ETP filings this month.

Two of these proposals specifically involve staking:

• 21Shares Core Ethereum ETF (TETH) is set for review on October 23.

• BlackRock’s iShares Ethereum Trust (ETHA) amendment, seeking to add staking rewards, is expected on October 30.

Solana Staking ETFs and Other Developments

Earlier this year, the REX-Osprey Solana Staking ETF launched under the 1940 Act, becoming the first Solana staking fund with regulatory approval. This structure allows funds to hold spot assets directly and distribute staking rewards to investors.

Meanwhile, Grayscale’s Solana Trust (GSOL) has already enabled staking and is awaiting approval to uplist as an ETP.

Government Shutdown Clouds the Outlook

The ongoing U.S. government shutdown may slow regulatory progress. The SEC has announced it will be operating with “extremely limited staff,” which could delay responses to pending crypto ETP applications.

Yet uncertainty appears to be boosting investor appetite. Last week, crypto ETPs recorded all-time-high inflows of $5.95 billion, highlighting growing demand for decentralized assets amid market volatility and regulatory delays.

Also, feel free to share your thoughts on the topic in the comments. Besides, don’t forget to follow us on Telegram, YouTube, and Twitter for more analysis and updates.

The post Grayscale Stakes Large Ethereum! Will the SEC Approve Altcoin ETPs? appeared first on Coin Engineer.

What Is Yala (YALA)?

Yala is a protocol designed to build a comprehensive DeFi infrastructure using Bitcoin’s native assets. By addressing Bitcoin’s limited scripting language and scalability issues, it enables complex transactions with native BTC assets. Yala’s architecture operates with application, consensus, data availability, execution, and settlement layers, maintaining the security of the Bitcoin network. Users deposit BTC into Yala’s Vault modules to mint $YU, a BTC-backed stablecoin. This stablecoin is directed to low-risk investment vehicles like real-world assets (RWA) to generate stable yields. Yala supports cross-chain transactions through atomic swaps and multisig bridges, enabling BTC to be used in Ethereum or other chains’ DeFi ecosystems.

Yala empowers both individual and institutional investors to earn yields without selling their Bitcoin. The $YU stablecoin, backed by BTC through an over-collateralization model, offers a stable value and generates consistent returns via real-world assets (RWA). The protocol ensures asset security with transparent risk management and reliable price data from oracles. Yala transforms Bitcoin from a passive asset into an active engine of global on-chain liquidity, shaping the future of DeFi.

Yala: Bitcoin-Native Liquidity Network

Yala delivers an innovative liquidity solution in DeFi by making Bitcoin’s native assets programmable. The BTC-backed $YU stablecoin provides access to low-risk investment vehicles like real-world assets (RWA). Yala democratizes access to high yields through collective bargaining and enhances capital efficiency with tokenized positions. Investors of all scales can leverage advanced DeFi strategies with Yala.

Liquidity Challenges

DeFi has grown with Bitcoin’s decentralized trust model and Ethereum’s smart contracts, but Bitcoin’s total locked value (TVL) in DeFi is only $2.8 billion compared to its $2.1 trillion market capitalization. This highlights the underutilized potential of Bitcoin in DeFi. Bitcoin’s limited scripting language, lack of Turing completeness, value-blindness, and statelessness hinder complex DeFi applications. Yala addresses these challenges with a modular approach.

Yala Solution

• Access to High Yields: Aggregates individual BTC deposits to unlock exclusive yield opportunities.
• Tokenized Positions: The $YU stablecoin offers liquid and programmable positions in DeFi.
• Cross-Chain Liquidity: Atomic swaps and multisig bridges make BTC usable on other chains.

Protocol Architecture

Yala operates with a state machine based on BTC’s UTXO model, encompassing the following processes:

• Deposit: Users deposit BTC into Yala Vaults to receive the $YU stablecoin.
• Execution: $YU is directed to yield-generating vehicles like real-world assets (RWA). Yala supports cross-chain transactions with atomic swaps and multisig.
• Settlement: Transactions are finalized on the BTC main chain, preserving security and consensus.

$YU Stablecoin

$YU is an over-collateralized stablecoin backed by BTC, maintaining a stable value pegged to the US dollar. Managed by TroveManager, BorrowerOperations, and DebtToken contracts, $YU ensures stability against BTC’s volatility. The Minimum Collateralization Ratio (110%) and other parameters safeguard the system. $YU is directed to low-risk real-world assets (RWA) to generate stable yields.

MetaVault Security Design

MetaVault features a multi-layered security architecture to ensure secure BTC storage. Threshold signature schemes, hardware security modules (HSM), and Cubist’s innovative hardware-based smart contract technology eliminate single points of failure. Transaction validation requires six-block confirmations, and TRM Labs integration ensures regulatory compliance.

Yala Bridge

The Yala Bridge uses a decentralized notary system and threshold cryptography to transfer BTC to EVM-compatible chains like Ethereum. Users deposit BTC to a P2WSH address and receive yBTC on the target chain. Time-locked recovery paths secure user assets. The bridge supports secure cross-chain transactions via atomic swaps and multisig.

What Is MetaMint and How Does It Work?

MetaMint is a cross-chain protocol that directly converts BTC into the $YU stablecoin on EVM-compatible chains without intermediary steps. With a single click, users transform their BTC into $YU, accessing DeFi opportunities seamlessly. This simplifies Bitcoin holders’ participation in the DeFi ecosystem.

$YALA Tokenomics

The $YALA token incentivizes participation, secures infrastructure, and enables governance. The total supply distribution is as follows:

• Investors: 15.98% (1-year lock, 18-month quarterly vesting)
• Ecosystem and Community: 20% (45% at TGE, 24-month linear vesting)
• Foundation and Treasury: 29.12% (30% at TGE, 1-year lock, 36-month linear vesting)
• Marketing: 10% (20% at TGE, 1-year lock, 24-month linear vesting)
• Team: 20% (1-year lock, 24-month monthly linear vesting)
• Airdrop: 3.4% (Fully unlocked at TGE)
• Market Makers: 1.5% (Subject to market-making agreements)

Token Utility

• Stability Pool Rewards: Users depositing $YU into the Stability Pool earn $YALA rewards and liquidation collateral shares.
• Cryptoeconomic Security: $YALA secures the notary bridge and LayerZero-based verifier networks.
• Governance: $YALA holders vote on protocol parameters and improvement proposals.

Liquidation Mechanism

Yala’s liquidation system automatically manages vaults with a collateralization ratio below 110%. The Stability Pool absorbs liquidated debt and collateral. Liquidation initiators receive 200 $YU + 0.5% of YBTC as gas compensation. Remaining collateral is returned to the vault owner.

Yala Finance (YALA) Investors

Yala Finance raised $8 million. Investors include Polychain Capital, HashKey Capital, Galaxy, Amber Group, Ethereal Ventures, Anagram Crypto, ABCDE, UpHonest Capital, UTXO Management, GeekCartel, Ambush Capital, L2 Iterative Ventures (L2IV), SatoshiLab, and 280 Capital.

Yala Finance Team

Yala Finance’s founding team, led by Kaitai Chang (Co-Founder) and Vicky Fu (Co-Founder), comprises experts in DeFi and traditional finance. The team brings experience from MakerDAO’s collateral systems, Circle’s stablecoin reserve management, Microsoft’s cloud security, and Capital One’s derivatives trading.

Official Links

• Website
• X (Twitter)
• Whitepaper

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Stake’s $4.7B Revenue Competes with Industry Giants

Crypto betting giant Stake reported a GGR of $4.7 billion in 2024 — up 80% since 2022.
This rivals traditional gambling companies:

• Entain: $5B
• Flutter: $14B

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Stake offers casino games and sports betting, with all transactions handled through crypto wallets.

Stake Lost $41M in 2023 Hack

On September 4, 2023, suspicious withdrawals from Stake’s Ethereum and BNB Chain wallets were flagged. The FBI later confirmed that the North Korean Lazarus group was responsible for the $41 million hack.

VPNs Help Users Bypass Bans

Despite bans, users still access crypto casinos using VPNs.

• Some influencers post tutorials on how to access geo-blocked gambling sites.
• Verified “ready-to-gamble” accounts are sold on platforms like Facebook for as little as $10.

These accounts come pre-verified, allowing users to skip platform registration.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Crypto Casinos Generated $81B in 2024 appeared first on Coin Engineer.

Babylon’s Core Approach

Babylon operates using a “shared security” model, allowing different PoS networks to benefit from the security provided by Bitcoin. Bitcoin investors can stake their BTC without wrapping or bridging it to another network, in return for alternative coin rewards from PoS networks.

The protocol is built on the Cosmos SDK. This infrastructure allows the node structure to be segmented into different blocks, lowering checkpoint costs. Additionally, it consists of multiple modules, each serving the security of PoS networks.

The Future of Babylon and Token Status

Currently, Babylon does not have an official token, but it is expected that a potential BABY token will support the governance layer, based on industry parallels (e.g., EigenLayer). As the project is preparing for its mainnet launch, it has completed its testnet phase, and users are expected to be rewarded through a points system while providing liquidity.

You Might Be Interested In: Babylon Announces Official Foundation: Is Token Launch Coming?

Babylon Network Strategic Phases

Babylon Network is being rolled out in three phases, each unlocking the full potential of the protocol. The first phase begins with Bitcoin staking, aiming to create a solid and interoperable security layer for PoS blockchains, all while maintaining the self-custodial nature of Bitcoin.

Phase 1: Bitcoin Locking

The first phase lays the foundation by allowing Bitcoin holders to securely lock their BTC without losing ownership or control.

• BTC can be locked in users’ wallets without wrapping or bridging.
• Security audits were carried out to ensure the process’s robustness.
• A covenant committee was formed to oversee protocol safety and implementation.
• This phase focused on creating a secure environment for BTC to participate in staking activities.

Phase 2: Babylon Genesis Launch

The second phase marks the birth of Babylon Genesis, the first operational chain in the Babylon ecosystem. It introduced several essential components:

• A stable testnet (bbn-test-5) launched on January 8, 2025, for thorough testing.
• Mainnet went live, establishing Babylon Genesis as the foundation for the network.
• Finality Providers were activated to validate blocks and strengthen consensus.
• BTC holders from Phase 1 began staking their BTC on the Genesis chain.
• A Token Generation Event (TGE) took place, and the BABY token was officially distributed.
• An airdrop distributed BABY tokens to early users, contributors, and BTC stakers as a reward.

Phase 3: Bitcoin Multi-Staking

The final phase aims to scale Babylon by allowing Bitcoin to secure multiple PoS chains simultaneously, creating Bitcoin Secured Networks (BSNs).

• Babylon will integrate with more blockchains, allowing Bitcoin to secure diverse PoS ecosystems.
• Trust-minimized bridges for Liquid Staking Tokens (LSTs) will be created to enhance interoperability and liquidity.
• The Finality Provider network will be decentralized by bringing in more independent providers to improve trust and resilience.
• This phase will mark Babylon‘s full vision, transforming Bitcoin from a passive asset to a powerful force for cross-chain security.

Babylon Advantages

• Innovative design with the potential to make a market impact.
• Over 300,000 active users participated in testnet stages.
• Strong social media and influencer strategy.
• High scores in PR, SEO, and growth marketing.
• Raised $96 million from investors such as Paradigm, Polychain Capital, and Binance Labs.
• Strong partnership network and potential for exchange listings.
• The founding team includes experienced leaders, including a Stanford University professor.

Babylon Tokenomics

• Total Supply: 10 billion
• Token Distribution:
• 30.5% Early Private Round Investors
• 18% Ecosystem Development
• 18% Research and Development (R&D)
• 15% Community Incentives
• 18.5% Others

Babylon Investment and Funding Information

Babylon has raised a total of $96 million so far. Leading investors include Paradigm, Polychain Capital, Binance Labs (YZi Labs), Galaxy, HashKey Capital, Hack VC, and Framework Ventures.

• Seed Round (March 2023): $8M
• Series A (December 2023): $18M
• Latest Funding (May 2024): $70M

This strong financial support is a significant advantage for the project’s development and potential token listings.

Babylon Funding and Investment Information

Babylon offers a revolutionary opportunity to secure PoS chains through Bitcoin, providing both Bitcoin investors and blockchain infrastructure providers with a game-changing solution. As the project approaches its mainnet launch, it is poised to become one of the most prominent infrastructure projects in the 2025 crypto ecosystem, backed by strong partnerships and substantial investment.

Website: Babylon Website
X (Twitter): Babylon X
Litepaper: Babylon Litepaper

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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What is Babylon?

Babylon is a staking protocol that allows Bitcoin holders to earn rewards by staking their BTC. Unlike traditional staking systems, Babylon offers passive income generation using Bitcoin’s own security.

Users who participate in Babylon’s staking system earn rewards called “Babylon Points”. However, these points do not represent any currency or property rights and cannot be transferred, redeemed or cashed out.

What does the launch of the Babylon Foundation mean?

The announcement of the Babylon Foundation may be part of the project’s plans to expand its ecosystem. Typically, large projects establish a foundation ahead of a TGE (Token Generation Event) to increase community support and create a formal structure to guide the ecosystem.

The fact that Babylon’s official account reposted the foundation’s posts caused a stir in the community, with many speculating that this could be a signal that a token launch is imminent.

Especially as the concept of Bitcoin staking continues to gain traction in the DeFi space, Babylon’s launch of its own token could be considered a significant development in the industry.

Babylon’s Future: Is BTC Staking a New Trend?

Bitcoin has traditionally been considered a “non-stakeable” asset, but protocols like Babylon offer a new use case by turning BTC into a passive means of income. If Babylon announces TGE, a new BTC ecosystem based on the staking model could emerge and the popularity of BTC staking in the DeFi world could grow even further.

We will continue to closely follow Babylon Foundation’s activities and possible token launch.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Babylon Announces Official Foundation: Is Token Launch Coming? appeared first on Coin Engineer.

What is Avail?

Avail is a project enabling effortless scaling for any blockchain through its verifiable data availability layer, Avail DA. By integrating with Avail DA, blockchains can ensure the constant availability of their transaction data, a crucial factor for achieving limitless scalability.

Why Stake AVAIL?

Staking AVAIL offers several benefits:

Earn Rewards: Staking participants receive a portion of the rewards generated through inflation and transaction fees on the Avail network.

Contribute to Security: Staked AVAIL tokens contribute to the security of the network. The more tokens staked, the harder it becomes for malicious actors to disrupt the network.

Support Avail’s Growth: By staking AVAIL, you contribute to the overall growth and success of the Avail ecosystem.

Understanding Staking on Avail

Avail utilizes a Nominated Proof of Stake (NPoS) consensus mechanism. Here’s a breakdown:

Validators: These are responsible for validating transactions, producing blocks, and maintaining network integrity.

Nominators: Token holders who choose validators to secure the network on their behalf.

Staking Options: Nomination Pools vs. Nominating Validators

Avail offers two staking options:

Nominating Validators Directly: This method allows you to select and prioritize specific validators you want to support. It offers greater control but requires more research and active involvement.

Nomination Pools: A pool operator manages validator selection and reward distribution for pool members. This is a simpler approach but offers less control.

How to Stake AVAIL: A Step-by-Step Guide

Access the Avail Staking Dashboard: Visit staking.avail.tools/ through your web browser.

Choose Your Staking Method: Decide between nominating validators directly or joining a nomination pool.

Connect Your Wallet: Select the wallet containing your AVAIL tokens and connect it to the Avail Staking Dashboard.

Enter Staking Amount: Input the amount of AVAIL you wish to stake, keeping enough unstaked for transaction fees.

Choose Reward Settings: Decide how you want to manage your rewards (Allow Withdraw, Allow Compound, Permissioned).

Review and Confirm: Carefully review your selections and confirm the transaction to bond your stake.

Wait for the Next Era: Your stake will become active within 1-2 eras.

Monitor and Manage: Regularly check your staked tokens and earned rewards. Claim rewards periodically and adjust your nominations if needed.

Unstaking AVAIL

The unbonding process takes 28 days and temporarily restricts the use or transfer of your staked AVAIL tokens.

Conclusion

Staking AVAIL presents an opportunity to earn rewards while contributing to a future-proof blockchain technology. By participating in Avail’s growth, you’re helping shape the future of web3 scalability and data availability.

The post How to Stake AVAIL: Contribute to Avail’s Growth and Earn Rewards appeared first on Coin Engineer.

Surge in User Activity Caused Network Strain

The congestion stemmed from a surge in user activity driven by a meme coin trading frenzy. Transaction volumes soared to as high as $4 billion in March, a significant increase from the usual daily figures below $500 million in 2023. This spike in activity, coupled with an influx of bots, led to a rise in “failed” transactions, even though they were submitted successfully.

Prioritizing Transactions for Network Stability

The new update aims to alleviate congestion by prioritizing transactions from “good” validators, those with a larger stake (ownership) in the network. This prioritization ensures that high-quality validators receive better service, preventing malicious actors from flooding the network with low-quality transactions.

Continuous Improvement Through Updates

Version 1.17.31 is the first in a series of planned updates to address network congestion. Additionally, version 1.18 is currently undergoing testing on a separate network to identify and fix potential issues before deployment on the mainnet.

The post Solana Update Aims to Tackle Network Congestion After Meme Coin Frenzy appeared first on Coin Engineer.

Dymension (DYM) staking and receiving airdrop is the easiest way. However, the most difficult part is understanding how this staking process will be done. Please remember that staking carries risks and it’s essential to conduct comprehensive research before proceeding.

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Why Celestia (TIA)?

The post Celestia (TIA) Stake Rate Continues to Increase! appeared first on Coin Engineer.