Yield Basis (YB) Gains 17% After Securing Upbit Listing

Core Insights - Upbit, South Korea's largest cryptocurrency exchange, has listed Yield Basis (YB), leading to a significant increase in YB's price and trading volume [1][4]. Group 1: Listing Details - YB/BTC and YB/USDT trading pairs will be available starting December 26 at 15:00 KST, with deposits and withdrawals supported on the Ethereum network [2]. - Users are advised to verify network details and contract addresses before transferring funds, as transactions through unsupported networks will not be credited [2]. - Upbit will implement temporary trading restrictions during the initial launch phase, including limiting buy orders for the first five minutes and restricting sell orders priced more than 10% below the previous day's closing price [3][4]. Group 2: Market Impact - Following the listing announcement, YB's price surged over 17%, reaching $0.43, while daily trading volume increased by 169%, indicating heightened investor interest [4]. - The listing coincides with a significant rise in the total value locked (TVL) in the Yield Basis protocol, which has grown from approximately $30 million in early October to over $200 million [6]. - The Upbit listing is seen as a pivotal moment for Yield Basis, as it combines rapid TVL growth with increased exposure on a major exchange [7].