Yield Basis

什么是Yield Basis？

Yield Basis is a DeFi protocol built to let people earn yield on Bitcoin while reducing the impermanent loss that liquidity providers normally face. It was created by Michael Egorov, the founder of Curve Finance, and is built on top of Curve's automated market maker infrastructure.

The protocol works by leveraging a liquidity position roughly two times and keeping that leverage steady, which is designed to cancel out the pricing effect that causes impermanent loss. Users deposit an asset such as BTC, receive a liquidity token, and the protocol borrows crvUSD against the position to supply a Curve pool.

YB is the governance token. It directs liquidity emissions and lets holders share in protocol revenue, and it can be locked as veYB to gain voting power and capture yield. Yield Basis launched in 2025, so its mechanics are new and its long-term behavior is still being tested.

You can check the Yield Basis price and hold YB in a self-custody wallet.

刚接触这项技术？用通俗的语言了解YB如何在Ethereum 和 BNB Chain上运行。

Yield Basis的价格如何确定？

Yield Basis的价格由全球各交易所全天候的供需决定。上方数字为主要市场的成交量加权平均值，实时更新。 由于它在全球持续不断地交易，价格可能在一天之内大幅波动。过往表现不代表未来结果，本页内容均不构成财务建议。

我在哪里可以持有Yield Basis？

您可以将Yield Basis保存在任何非托管钱包中，这意味着您自行掌控私钥，而无需信任交易所。 Zypto App 是一款非托管多链钱包，你可以在其中持有YB并将其兑换成24,000多种资产。YB尚未被接受为付款方式，因此无法在Zypto中用于现实世界消费。