YieldBasis

YieldBasis is a DeFi protocol designed primarily for holders of large-cap crypto assets like Bitcoin and Ethereum, offering them a way to earn on-chain yield without suffering impermanent loss. The protocol works by allowing users to deposit an asset like BTC, then the system uses a 2× leveraged automated market maker (AMM) design to pair that asset with a stablecoin such as crvUSD in a liquidity pool. The structure is purpose-built so that the value of the deposited asset tracks 1:1 with the underlying asset while earning fees.

YieldBasis (YB) was launched by Michael Egorov, who also founded the decentralized exchange Curve Finance (CRV).

• Dual earnings model: Users can earn by simply depositing and collecting trading fees, or by staking to earn token emissions (YB) and governance rewards, offering flexibility based on user preference.

• Vote-escrow governance (veYB): Locking YB tokens creates veYB, which grants governance rights, fee-sharing from protocol revenues, and the ability to influence emission allocations, aligning incentives with long-term holders.

• Deep integration with Curve ecosystem and stablecoin usage: YieldBasis leverages the infrastructure of Curve DAO and uses stablecoins like crvUSD for its leveraged model, giving it strong liquidity and infrastructure support.

• Impermanent-loss-free liquidity provision: YieldBasis allows users to deposit assets like BTC or ETH and provide AMM liquidity using a unique 2× leveraged structure that tracks the underlying asset price 1:1, thereby eliminating the typical impermanent loss seen in other pools.

YieldBasis’s unique model combines leveraged liquidity provision with automated rebalancing through a virtual AMM, making yield farming more efficient and less management-intensive. By integrating closely with the Curve ecosystem and offering a vote-escrow system (veYB) for governance and fee sharing, it aligns incentives for long-term participants. However, as with any new protocol, success will depend on user adoption, sustained liquidity, and how effectively it competes with established DeFi yield platforms.

You can buy YB from crypto platforms like CoinSwitch.

• YB can be bought and traded on crypto platforms like CoinSwitch. 

• It can be used to engage in automated yield-generating strategies and earn both fees and staking rewards.

• Users can stake their YB tokens on the YieldBasis platform to earn rewards and participate in yield-generating strategies. Token holders can lock their YB tokens to receive veYB, which gives them governance rights to vote on key proposals and influence future protocol parameters.

• YieldBasis’s unique design lets BTC or other asset holders earn yield without suffering impermanent loss, with its 2× leveraged AMM model and automated rebalancing.

• It is built on top of proven infrastructure and is backed by known DeFi figures, giving it credibility.

• Users can choose simple trading-fee income or stake for governance rewards via the native YB token/veYB model.

• YB is subject to market volatility like all cryptos.

• It depends heavily on stablecoins and Curve’s liquidity; any problem there could impact returns.

• The system is new and complex; technical issues could affect performance.

• Start investing in YB with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

YieldBasis raised a total of $12.5 million across several rounds that included a $5 million private seed round (pre-valuation around $50 million) and multiple IEO/launch events in October 2025. The token’s listing price at the Token Generation Event (TGE) on October 15, 2025, was about $1.14.