yieldbasis
@yieldbasis
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Turning crypto into productive assets using original Automatic Market Making without IL. Focusing on $BTC first. Dm is open. tg: https://t.co/IgPnd4hfeq
Switzerland
Joined January 2025
Honest work @yieldbasis?
The refund for excess veYB fees was processed yesterday. The UI now displays the total fees collected adjusted for this refund. $YB #veYB
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0x9f477b07f68254ae05ffb10d8f224f13670035dda044cfa5de31d96a6ad79de6
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Couple of thoughts on @yieldbasis fees - $0.87 per 1 veYB/year - You can track your future (!) $veYB fees, not only past ones (every new fees portion is scheduled for 4 future epochs) - Fees themselves also generate BTC income since they're distributed as ybBTC LP tokens
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sdYB: Latest Updates • 1.77M sdYB has been minted, positioning the Stake DAO YB Liquid Locker as the top 4 @yieldbasis veYB holder. • Given the recent BTC volatility, veYB is positioned to deliver excellent rewards, securing sdYB holders as top beneficiaries. • The sdYB/YB
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The very full streams, where frequently asked questions were discussed. Thanks very much, Michael Egorov! https://t.co/QSUUHFxrbi - in English https://t.co/9txW56z24t - in Russian
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Why has the price of $YB been holding up so well since November 11 compared to $BTC, which has dropped -15% over the same period? The answer is the revenue being generated for $YB stakers. The more BTC moves up or down, the more revenue @yieldbasis generates. At the moment,
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Hint: when it's "out of peg" - it still earns!
Finally, $ycbBTC has repegged! You can now earn a +2% yield on it. The other pools will follow 📈 $YB
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How market values value? Let's directly measure assets' productivity: - Real revenue to 1 unit of asset - How market prices this revenue right now as M.Cap(VR)/Revenue M.Cap(VR) = Value Receiving Market Cap, accounting only tokens participating in revenue distribution
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I propose @CurveFinance to crvUSD increase credit line to @yieldbasis to 1B crvUSD, however with @yieldbasis utilizing it slowly by pieces, when required. I published the proposal here: https://t.co/UO5thOXa8s
gov.curve.finance
I propose to increase credit line to Yield Basis to 1B crvUSD (supporting maximum of 0.5B TVL there). Nevertheless, this credit line should only be utilized by Yield Basis not all at once, by pieces....
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Daily fees from @yieldbasis since migration to new contracts. Nov 13 - $39,175 Nov 14 - $71,490 Nov 15 - $24,871 Nov 16 - $35,243 Annualized that's $15.5M. Fee switch to be flipped imminently, and then TVL capacity expanded from $150M -> $500M.
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$SDT rewards for $sdYB stakers have just been refilled, double the previous amount. The $YB Liquid Locker keeps gaining traction as deposits grow before the fee switch activation. sdYB holders benefit from: • Full $veYB future rewards • $SDT extra rewards • Rewards for veYB
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Well ok he was right. Thanks to BTC being down again - migration to new markets on @yieldbasis is available again now. If you did not migrate - you know what to do!
@newmichwill @yieldbasis Or price of BTC needs to go down again right?
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Dear arbitrage traders! Very important! Please connect your arbitrage bots to these VirtualPool contract to keep new markets on @yieldbasis healthy (and make arb profits). WBTC: https://t.co/LVFKYdrR7K cbBTC: https://t.co/qVFcxCmtnp tBTC:
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[update] migration: live -> ui at https://t.co/IQS4AkvyQl lps are encouraged to migrate asap. fyi: once migration completes, fee distribution will follow shortly.
yieldbasis.com
A new standard for liquidity provisioning without impermanent loss.
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As usually, checked if @yieldbasis algorithm liked the recent Bitcoin crash to 100k. It actually did: system as a whole made some profit! The most recent jump up on the graph is that, and pools are now perfectly balanced
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🐘 Stake DAO Weekly Highlights MAIN FOCUS - $YB Liquid Locker Launch: • $sdYB for @yieldbasis now live on Stake DAO • Deposit $YB → receive $sdYB → unlock full $veYB benefits + $SDT rewards • Gain exposure to Yield Basis governance and revenue through Liquid Locker
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There is more! I just calculated expected drawdowns of staked value after migration (though excluding very fast fluctuations on spread). Appears to be -0.4% at peak, but practically -0.2%. The expected "recovery times" are also visible on the graph
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@yieldbasis revenue calculations arrived👇 Protocol generated 4.81 BTC veYB fees over month (with 30 and then 150m TVL only) Let’s do napkin math: - With 4.81 BTC fee existing 16.77m veYB receive $0.03/month or $0.36/year - Next is $500m TVL extension. - If $500m TVL will
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