yieldbasis @yieldbasis

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"the results are also encouraging, though returns are far more dependent on market volatility" @KR1plc 🫡

KR1 plc @KR1plc

a week ago

x.com/i/article/2105…

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x.com/i/article/2103…

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Michael Egorov @newmichwill

3 weeks ago

Are propAMMs good or bad, and why? Asking for a friend

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x.com/i/article/2100…

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TOKEN2049 @token2049

a month ago

Michael Egorov (@newmichwill) returns to TOKEN2049 Singapore. Founder of @CurveFinance and @yieldbasis. His latest project turns crypto volatility into yield: Yield Basis builds BTC and ETH liquidity while preserving spot-like exposure. Tickets: token2049.com/singapore/tick…

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Another update to the @yieldbasis analytics page you can now see various transactions across all YB pools

J. @llamaintern

a month ago

New @yieldbasis stats live on the analytics page volumes and fees are now showing

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Managing Chaos in Atoms and Markets: Michael Egorov on Physics, Liquidations, and Financial Engineering Shoal Signal Ep. 19 with @newmichwill, founder of @CurveFinance and @yieldbasis, hosted by @zaddycoin We cover how cooling atoms to 100 nanokelvins taught him to trust an invariant instead of a price, why he took impermanent loss on a trade on purpose, the half year he sat in liquidation on purpose to test Curve, and why nuclear fusion gets solved sooner than the field expects. 0:00 Photons look like giant cucumbers 0:58 What coherence time actually is 4:46 Bose-Einstein condensate and laser cooling 8:47 A qubit that held for seconds 11:36 From ideal atoms to ideal markets 13:50 The invariant is the only signal 15:08 Control systems in the lab and DeFi 16:42 Quantum finance and prices tunneling 18:49 A toy universe made of vortices 21:18 Why there is no antimatter around us 23:57 Crypto as the revolution in money 25:29 Cycles from Mt. Gox to meme coins 30:40 Where retail's next opportunity sits 33:36 The Web3 promise that never landed 35:28 Why crypto fits agents better than humans 39:09 Working only on impossible problems 40:00 Solving impermanent loss with Yield Basis 40:48 Reversible liquidation in Curve 42:26 Half a year in liquidation on purpose 45:42 Where the risk actually sits 49:45 Paying authors when AI trains on books 53:28 Energy as the next breakthrough 57:17 Two roads to fusion 1:03:33 Thorium and the economics of nuclear 1:08:13 Where the alpha is 1:10:21 Turning mercury into gold in San Francisco

more capacity is here. proposal #56 passed and executed. new capacity is now open for both @WrappedBTC and @coinbase BTC. @ethereum has room too. three markets open. everyone is welcome. yieldbasis.com/earn

A bit more parameter changes (lower-fee mode for all BTC pools to work a bit better in low-volatility time): - vote on @CurveFinance: curve.finance/dao/ethereum/p… - vote on Yield Basis: yieldbasis.com/proposal/57

New @yieldbasis stats live on the analytics page volumes and fees are now showing

a vote to increase caps of WBTC @WrappedBTC and cbBTC @coinbase to match each other: 50M cap each yieldbasis.com/proposal/56

Fees in @yieldbasis do not reach veYB until the pool has paid itself back first. Most holders never see that switch. It explains almost every "why am I earning nothing" question. There is no payout in a YB pool. You get paid by one share becoming worth more. Fees push that up, rebalancing and BTC drawdowns push it back down. Every pool keeps a running record of how far the staked side has slipped behind. While that number is above zero, all incoming profit goes into closing it and the DAO takes nothing. What that means depending on where you are: • In the pool, not staked. Nothing is being skimmed off you right now. Every cent the pool earns lands in your share value, including the part that will go to the DAO later. • Staked. Same share value, plus YB emissions. The switch does not touch emissions either way. • Locked into veYB. You are the one waiting. No fee income from that pool until the record hits zero. One pool right now, as an example: it is 0.16% short. What is holding it is that the pool's money is bunched 13.2% behind where BTC trades, and it walks back in small steps paid out of the same profit. Your 0.16% closes only after that bill is paid. Once it closes, 48.8% of everything after starts flowing to the DAO side. That share climbs with how much of the pool is staked (67.6% today) and never drops under 10%. Nothing for you to do. Fees outrun the bill, the switch flips.

Parameters for @coinbase cbBTC and @TheTNetwork tBTC to earn more, similar to WBTC, are being voted in. If you have veYB - vote here: yieldbasis.com/proposal/55 If you are @CurveFinance voter - complimentary vote here: curve.finance/dao/ethereum/p…

It's always this feeling when observing @yieldbasis pools while the market move is really furious. Very interesting for us, researchers!

the moment we were waiting for! TRD is basically 0%. all remaining ETH v2 @yieldbasis LPs: now is the time to migrate. migration conditions are finally optimal! you can find it in “my markets” one click ->move to v3

For those that deposited in the deprecated WETH pool and have been waiting for TRD to come down, now would be a good time to migrate

Michael Egorov @newmichwill

2 months ago

ETH

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this vote, as well as the corresponding @CurveFinance vote 1486 got executed. thanks for voting, WBTC pool is ready to harvest volatility better

yieldbasis @yieldbasis

2 months ago

more yield for @WrappedBTC following the @CurveFinance upgrade, proposal #54 updates @yieldbasis WBTC pool parameters to improve liquidity handling and significantly increase trading APR. other btc pools are next. vote: yieldbasis.com/proposal/54

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Still time to vote here for improving @yieldbasis performance, although quorum is in. Quorum of the corresponding vote at @CurveFinance is already 80%

yieldbasis @yieldbasis

2 months ago

more yield for @WrappedBTC following the @CurveFinance upgrade, proposal #54 updates @yieldbasis WBTC pool parameters to improve liquidity handling and significantly increase trading APR. other btc pools are next. vote: yieldbasis.com/proposal/54

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Oracle for using yb-positions as lending collateral is audited by @chain_security. Builders can find live audited oracles here by ENS addreses: wbtc.oracles.yieldbasis.eth (and similar for cbbtc, tbtc, weth) chainsecurity.com/security-audit…