Yieldbasis Stable Income Protocol

The innovative liquidity structure of Yieldbasis

Yieldbasis creates a double-leverage liquidity model using automated smart contracts, allowing asset providers to simultaneously lock in asset prices while effectively avoiding impermanent loss. This 2× leverage design allows positions to fluctuate proportionally with BTC price, enabling users to enjoy transaction fee income while being protected from market volatility, achieving the goal of stable value appreciation.

Simplification and automation of the operation process

Users only need to deposit BTC into the Yieldbasis system to automatically mint ybBTC, which represents the asset. The underlying smart contract will automatically lend out crvUSD and invest it into the liquidity pool. Participants can directly hold ybBTC to receive trading fee earnings or stake it to exchange for the native token YB to gain additional incentives. The entire process is executed automatically by the system, requiring no manual adjustment of leverage and risk control settings.

Revenue distribution and incentive mechanism

The yield of Yieldbasis mainly comes from the transaction fees of the Curve BTC/crvUSD liquidity pool. Unstaked ybBTC holders can directly receive a portion of the earnings, with net profits obtained after deducting dynamic management fees. Users who choose to stake will receive additional YB token rewards and can participate in governance decisions. Users holding veYB further enjoy lock-up returns and voting rights in protocol governance, and the overall profit distribution mechanism fosters a mutual reinforcement between the community and the system.

The multiple roles of YB token

YB, as the core governance token of Yieldbasis, undertakes multiple important tasks. In addition to allowing holders to participate in the decision-making of protocol parameters and reward structures, locking up to become veYB also enables long-term sharing of profit dividends. Staking ybBTC can also yield token rewards, creating a positive ecosystem that encourages users to join and support the system’s development in the long term.

Token Distribution and Protocol Future Outlook

The issuance structure of YB is reasonably allocated to various aspects such as community incentives, team development, ecological reserves, investors, and technology licensing, in order to ensure the sustainable operation of the protocol and a win-win ecosystem. This not only ensures long-term development but also empowers the community to continuously share the results of the protocol’s expansion. Yieldbasis has become a representative protocol guiding BTC and ETH holders from passive holding to stable returns.

summary

Yieldbasis brings a brand new passive income model to the DeFi ecosystem, allowing BTC and ETH holders to earn stable and sustainable returns without changing their asset exposure.