Yield Basis Price Today – Live YB Chart

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

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