RT Stabledash (@stabledash)Last week, @therollupco sat down with @newmichwill (Founder of @curvefinance) to dive into the @Yieldbasis launch.50x oversubscription. He capped it at $3M.All while the stablecoin market crossed $300B, adding $40B in Q3 alone. Every LP and fund manager is hunting for real yield that isn't propped up by token emissions.Yield Basis earns trading fees from BTC/crvUSD pools while eliminating impermanent loss from the AMM.So why deliberately throttle a launch when theres clear demand ...

Listing Announcement - BitMart 将上线 Yield Basis (YB) [1] - 交易对为 YB/USDT [1] - 交易时间：2025年10月15日 11:00 AM UTC [1] Project Overview - Yield Basis 是一个 DeFi 协议，旨在帮助用户为 AMM 池提供流动性，且避免无常损失 [1]

Company Updates - Kraken's Co-CEO @ArjunSethi featured on @FortuneMagazine [1] - Bundles are now available on Kraken [1] - xStocks expands its reach to over 200 million Trust Wallet users [1] - Yield Basis is scheduled to launch on Kraken Launch [1]

Core Insights - Curve Finance founder Michael Egorov proposed a new protocol called Yield Basis to provide a more direct income stream for CRV token holders through governance participation [1] - The proposal includes minting $60 million of Curve's crvUSD stablecoin to support bitcoin-focused liquidity pools, with a return of 35% to 65% for veCRV holders [2] Group 1: Proposal Details - Yield Basis aims to distribute sustainable returns to CRV holders who stake tokens for governance votes, moving beyond previous airdrop models [1] - The protocol will allocate $60 million in crvUSD stablecoin, with $30 million designated for three bitcoin pools, each capped at $10 million [2] - 25% of Yield Basis tokens will be reserved for the Curve ecosystem [2] Group 2: Target Audience and Benefits - The protocol is designed to attract institutional and professional traders by offering transparent and sustainable bitcoin yields [3] - Yield Basis aims to mitigate impermanent loss, a common issue in automated market makers, enhancing the appeal for liquidity providers [4] Group 3: Financial Context - The proposal comes amid financial challenges faced by Egorov, including significant liquidations tied to leveraged CRV purchases, totaling over $140 million in June 2024 [5] - Recent liquidation events have left Curve with $10 million in bad debt, highlighting the financial risks associated with the founder's trading strategies [5]