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- Open:
- $0.0601
- High:
- $0.0627
- Low:
- $0.0433
- Close:
- $0.0486
24H–1Y views may use Binance USDT futures candles; MAX and fallback history use CoinGecko. Futures prices can differ from spot prices.
USDT quotes are displayed using 1 USDT ≈ 1 USD. Other currencies use the current USD exchange rate for the entire history, not historical FX rates.
Candle times mark the opening time for Binance data and the closing time for CoinGecko data.
Market Stats
- Market Cap
- $14.20M
- 24h Volume (Binance futures)
- $1.42M
- All-Time High
- $0.8185
- CoinGecko · Updated:
- Circulating Supply
- 292.48M YB
- CoinGecko · Updated:
- Market Cap Rank
- #989
Check the latest Yield Basis (YB) price with live charts and key market metrics. Compare YB rates in USD, EUR, GBP, JPY, and other fiat currencies.
Yield Basis Price Performance
Price changes in each quote currency. BTC, ETH and USDT comparisons use matching USD observations. Fees and investment income are excluded.
| Price pair | 1H | 24H | 7D | 14D | 30D | 1Y |
|---|---|---|---|---|---|---|
| YB / USD | -1.96% | -3.30% | -18.87% | -24.32% | -40.14% | -90.27% |
| YB / BTC | -0.57% | -0.65% | -14.40% | -17.06% | -32.11% | -86.06% |
| YB / ETH | +0.70% | +2.03% | -8.48% | -12.82% | -25.91% | -82.97% |
| YB / USDT | -1.98% | -3.31% | -18.92% | -24.35% | -40.15% | -90.26% |
A dash means reliable, sufficiently recent data is unavailable for that comparison.
YB Spot Markets
Yield Basis prices across every YB spot trading pair we track, with 24-hour volume.
| Pair | Exchange | Price | Volume | Exchange |
|---|---|---|---|---|
| YB/USDT | Binance |
0.048 USDT
≈ $0.048
|
$306,720 | |
| YB/TRY | Binance |
2.4 TRY
≈ $0.0478
|
≈ $200,825 | |
| YB/USDT | OKX |
0.04783 USDT
≈ $0.0478
|
$51,267 | |
| YB/USDT | Bybit |
0.04785 USDT
≈ $0.0478
|
$33,163 | |
| YB/USDT | KuCoin |
0.0478 USDT
≈ $0.0478
|
$21,741 | |
| YB/USDC | OKX |
0.04977 USDC
≈ $0.0498
|
$3,838 | |
| YB/USDC | Binance |
0.0477 USDC
≈ $0.0477
|
$2,372 | |
| YB/USD | Kraken |
0.04833 USD
|
$1,768 | Trade on Kraken |
| YB/EUR | OKX |
0.04357 EUR
≈ $0.0488
|
≈ $690 | |
| YB/EUR | Kraken |
—
|
— | Trade on Kraken |
| No results found. | ||||
Updated:
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What is Yield Basis?
YB is the native token of Yield Basis, a DeFi protocol created by Curve founder Michael Egorov that tackles one of automated market making's oldest problems: impermanent loss. Yield Basis lets holders provide Bitcoin (and other assets) as AMM liquidity while the protocol continuously rebalances a leveraged position — targeting roughly 2x — so the liquidity provider's exposure stays approximately equal to simply holding the asset. The result is that BTC depositors earn real trading-fee yield without the usual drag of impermanent loss.
Under the hood, Yield Basis is tightly integrated with the Curve ecosystem: leverage is financed through crvUSD-based borrowing, and pools are built on Curve's battle-tested AMM infrastructure. Fee income can be paid out in the pooled asset itself, which makes the protocol especially attractive to long-term Bitcoin holders who want productive BTC rather than wrapped exposure to a governance token.
The YB token coordinates incentives across the system. It is emitted to liquidity providers who opt into token rewards instead of direct fee yield, and it can be locked for governance influence over pool parameters and emissions. YB launched in 2025 through a Binance Wallet IDO and now trades on Binance with both a spot listing and a USDT-margined perpetual contract, deployed across Ethereum and BNB Chain.
Key Features of Yield Basis
- Impermanent-Loss-Free BTC Liquidity: A continuously rebalanced ~2x leveraged LP position keeps depositor exposure close to spot BTC, so liquidity providers earn fees without the classic IL penalty.
- Built by Curve's Founder: Yield Basis comes from Michael Egorov and plugs directly into Curve infrastructure — crvUSD credit lines finance the leverage and Curve pools host the liquidity.
- Real Yield in the Pooled Asset: Fee income can be taken in the deposited asset itself (e.g. BTC on BTC pools), rather than only in emissions of a volatile reward token.
- YB Emissions as an Alternative: LPs choose between direct fee yield or boosted YB token emissions, letting the protocol bootstrap liquidity while giving depositors a real choice.
- Binance Spot and Perpetual Markets: YB trades on Binance spot and as a USDT-margined perpetual, giving the token liquid two-sided markets for both investing and hedging.
Yield Basis Use Cases
- Productive Bitcoin: Long-term BTC holders deposit into Yield Basis pools to earn trading-fee yield while keeping exposure that tracks holding BTC outright.
- Governance and Emissions Steering: Locked YB votes on pool parameters, emission weights, and treasury decisions, directing incentives toward the most productive pools.
- Yield Strategy Building Block: Because leverage and rebalancing are handled by the protocol, YB pools serve as a clean building block inside broader DeFi yield portfolios.
Yield Basis Tokenomics
- Total Supply
- Supply is capped at 1 billion YB, with roughly 234 million circulating as of mid-2026.
- Circulating
- Around a quarter of supply circulates; the rest sits in emissions reserves, team and investor vesting, and ecosystem allocations that unlock over multiple years.
- Utility
- YB rewards liquidity providers who opt into emissions over direct fee yield, and locked YB governs pool parameters, emission schedules, and treasury allocation.
- Emission
- YB emissions stream to liquidity providers who choose token rewards, with weights set by governance; team and investor tranches follow multi-year vesting cliffs.
Frequently Asked Questions
What is Yield Basis (YB)?
Yield Basis is a DeFi protocol by Curve founder Michael Egorov that lets users provide BTC and other assets as AMM liquidity without impermanent loss, using continuously rebalanced ~2x leveraged positions financed through crvUSD. YB is its incentive and governance token.
How does Yield Basis avoid impermanent loss?
The protocol keeps each liquidity position levered at roughly 2x and rebalances it continuously, which mathematically offsets the square-root payoff curve that causes impermanent loss. Depositors end up with close-to-spot exposure plus trading fees. The mechanism relies on crvUSD borrowing, so borrow costs are part of net yield.
What is YB's token supply?
Maximum supply is 1 billion YB. Roughly 234 million (about 23%) circulated as of mid-2026, with emissions reserves and multi-year team, investor, and ecosystem vesting accounting for the rest.
Is YB a good investment?
YB's value depends on adoption of Yield Basis pools and the broader appetite for BTC yield products. It is a high-volatility, early-stage DeFi asset — treat this page as market data, not financial advice, and never risk funds you cannot afford to lose.
Risk Warning
Cryptocurrency prices are highly volatile and can change rapidly. The information on this site is provided for informational purposes only and does not constitute financial, investment, or trading advice.