YBYield Basis (YB) Price

1. Project introduction

YieldBasis allows users to deposit BTC into liquidity pools that track BTC price 1:1 without impermanent loss by leveraging a 2× leveraged Curve BTC/crvUSD pool. The protocol automatically rebalances debt-to-value ratio via specialized contracts and arbitrage incentives. Users receive ybBTC as a receipt token and can either earn trading fees by staying unstaked or earn YB token emissions by staking ybBTC. YB token holders can lock tokens into veYB for governance rights and protocol revenue share. Founded by Michael Egorov, YieldBasis combines advanced DeFi mechanics to deliver secure, efficient BTC yield farming.

2. Team introduction

Michael Egorov - Founder

• Founder of Curve Finance and leader of the YieldBasis project. 

_yb llama - Member

• _yb Llama is a team member at YieldBasis and previously worked at DefiLlama.

3. Token application and distribution

Token application:

The $YB token facilitates governance participation via veYB vote-escrowed tokens, protocol revenue sharing through dynamic admin fees, staking rewards incentivizing liquidity provision, and broader ecosystem incentives promoting active engagement and partnerships within YieldBasis.

Token distribution:

• LIQUIDITY INCENTIVES: 30.00%
• TEAM: 25.00%
• ECOSYSTEM RESERVE: 12.50%
• INVESTORS: 12.10%
• PUBLIC SALE: 2.50%
• COMMUNITY: 3.00%
• PROTOCOL DEVELOPMENT: 7.50%
• CURVE LICENSING: 7.40%