September 26, 2025
Curve Finance Founder Michael Egorov Launches Bitcoin Yield Protocol thumbnail
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Curve Finance Founder Michael Egorov Launches Bitcoin Yield Protocol

Yield Basis Aims to Unlock Sustainable Bitcoin YIELD ON-CHAIN, Starting with Capped Liquidity Pools.”, – WRITE: www.coindesk.com

Yield Basis Aims to Unlock Sustainable Bitcoin YIELD ON-CHAIN, Starting with Capped Liquidity Pools. Sep 26, 2025, 8:33 AM

Michael Egorov, Founder of Curve Finance, Has Launched Yield Basis, A Decentralized Protocol Built to Provide Sustainable BTC$ 109.227.18 Yield While Eliminating Impermanent Loss (Il), One of Decentralized Finance’s Longest-Running Challenges.

Bitcoin Holders Hve Long Faced Limited Opportunities for On -chain Returns. Lending Markets Rarely Offer More A Fraction of A Percent, While Automated Market Maker (Amm) Pools Have Exposed USers To Il – The Risk of Lozing Value When Token Prices Diverge. EVEN IN FAVORABLE CONDIPS, YIELDS RARLY TOPPED 1–2%.

Yield Basis TACKLES THIS BY REENGINEERING The AMM MODEL. The Protocol Removes Il Risk Altogethher, Which Egorov Says Will Enable Deer Bitcoin Liquidity on-Chain and More Attractive Yields Opportunities for Institute and Professional Invest. To Manage Early Growth, Three Pools Launched With A $ 1 Million Deposit Cap Each.

The System Borrows from Curve’s Five Years of Infrastructure Resilience, Adopting A Vote-Escrow Mechanism (Veyb) for Governance. Token Holders Must Lock Their YB to Participate in Governance and Earn Protocol Fees, Distributed In Either Curve’s Crvusd Stablecoin or Wrapped Bitcoin. Unlike Many Defi Projects, Token EMISSIONS AREN’S SIMPLY HANDED TO LIQUidity Providers; They are Tied to Position Yield, A Model Egorov Calls “Value-Protecting.”

Yield Basis Secured $ 5 Million in Early 2025 FUNDING AND IS The FIRST PROJECT TO DEBUT ON THE Joint Legion and Kraken Launchpad, WHERE The Community Can Access ITKEN SALE. While bitcoin is the initial fecus, egorov Says the Protocol’s IPERMANENT LOSS SOLUTION COULD EXTEND On -chain.

AI Disclaimer: Parts of this Article Were Genered with The Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adhesion To Our Standards. For more information, See Coindesk’s Full Ai Policy.

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