yieldbasis

YieldBasis is a DeFi protocol that enables users to provide liquidity for assets like BTC and ETH in an automated market maker (AMM) pool without impermanent loss, utilizing leveraged liquidity via Curve's crvUSD to boost yields and earn trading fees or token emissions. The YieldBasis ($YB) airdrop accompanies the protocol’s token launch, rewarding early LPs and DAO supporters as $YB becomes transferable with emissions starting October 15, 2025, at 10:00 UTC. Tokens from launchpads (Legion, Binance Wallet) and early supporter rewards are distributed immediately after emissions go live, with markets launching simultaneously: a $YB–WBNB pool on PancakeSwap (BNB Chain) and a YB–crvUSD pair on Curve (Ethereum), anchored to a technical reference price of $0.50 ($500M FDV). A total of 5.625M $YB is allocated to Season 1 LPs (1M and 30M caps) — 4,055 depositors who provided BTC liquidity. Rewards scale with both deposit size and participation duration: the first 5,000 YB per wallet is unlocked immediately, and the remainder vests linearly over one year. Earlier LPs (1M-cap phase) earn proportionally more than later ones (30M-cap). An additional 5M $YB is distributed to Curve DAO voters who supported YieldBasis governance proposals #1206, #1213, and #1222, proportional to veCRV votes, with Convex and other yield aggregators managing reward routing.

Network

Ethereum