What Is Yield Basis (YB) and How Does It Work?
Yield Basis (YB) is a
decentralized finance (DeFi) protocol that allows users to earn yield on crypto assets like
Bitcoin without suffering from impermanent loss (IL). Unlike traditional liquidity pools where price divergence can cause losses, Yield Basis uses a unique leveraged liquidity model that stabilizes returns while maintaining full exposure to the underlying asset. Its native token, YB, powers governance, staking, and reward distribution within the ecosystem.
The protocol works through a Rebalancing AMM that maintains a constant leverage ratio, typically around 2×, by borrowing stablecoins such as crvUSD against deposited assets. This mechanism automatically rebalances positions as market prices shift, helping users preserve their principal value while still earning trading fees and protocol rewards. This design enhances capital efficiency and provides sustainable yield generation, even during volatile market conditions.
YB holders can lock their tokens to receive veYB (vote-escrowed YB), granting them governance rights and a share of protocol revenue. Through this system, users can influence key decisions like emission schedules and pool allocations, aligning long-term participation with protocol growth. Combined with its innovative structure and transparent reward model, Yield Basis represents a new approach to impermanent loss-free yield farming in DeFi.
When Did Yield Basis Launch?
Yield Basis (YB) officially launched in September 2025, introducing its mainnet and token sale phase as part of its broader DeFi yield optimization vision. The project was developed by a team of DeFi engineers and quantitative strategists with backgrounds in liquidity modeling and algorithmic trading, though the founders remain pseudonymous, reflecting a community-first approach similar to Curve and Convex Finance.
Yield Basis conducted its public token sale on Kraken on October 1, 2025, offering 1.25% of the total 1 billion YB supply at $0.20 per token. The protocol’s architecture builds on
Curve’s ecosystem and integrates crvUSD to support leveraged yield strategies and impermanent loss protection.
Yield Basis Roadmap Highlights
• Q3 2025: Mainnet launch and integration with Curve Finance’s crvUSD.
• Q4 2025: Governance activation and veYB locking mechanism release.
• Q1 2026: Expansion to new pools and additional asset pairs (ETH, stables).
• Q2 2026: Cross-chain deployment to
Arbitrum and Base networks.
• Q3 2026: Launch of Yield Basis V2 featuring enhanced rebalancing and automated hedging strategies.
What Is the YB Token Used for?
The YB token serves as the backbone of the Yield Basis ecosystem, used for governance, staking, yield boosting, and protocol fee distribution. Holders can lock YB to obtain veYB, granting voting rights on key decisions like emission schedules, pool allocations, and fee structures. Additionally, veYB holders earn a share of the platform’s trading and rebalancing fees, aligning long-term participation with sustainable rewards.
You can trade YB tokens on the
BingX spot market by logging into your BingX account, searching for the
YB/USDT trading pair, and placing a buy or sell order. Once purchased, your YB tokens will appear in your BingX wallet, ready for staking or secure storage.
What Is Yield Basis Tokenomics?
Yield Basis has a fixed total supply of 1,000,000,000 YB tokens.
YB Token Distribution
• 30% to liquidity incentives / community rewards for LPs,
yield farming• 25% to the founding team / core contributors
• 15% to ecosystem / development reserve
• 12.1% to investors and early backers
• 7.5% for Curve licensing or strategic alignment with Curve’s infrastructure
• 7.4% for protocol development / reserve
• 3% for liquidity incentives and Curve voting reserve or similar allocations
How to Stake YB Tokens to Get veYB
To earn governance power and a share of protocol revenue, you can stake YB tokens on the Yield Basis platform to receive veYB (vote-escrowed YB). This mechanism follows the model pioneered by Curve Finance and is designed to reward long-term holders who help shape the protocol’s future.
You can stake YB tokens directly through the official Yield Basis app by connecting a supported
Web3 wallet and selecting the lock duration, ranging from 1 week up to 4 years. The longer you lock your YB, the more veYB voting power you receive. Once staked, veYB cannot be transferred or sold, but it enables you to vote on governance proposals, gauge emission weights, and earn protocol revenue through the admin-fee system.
After locking, your veYB balance decays linearly until the lock expires, ensuring fairness across participants. Users who stake for longer periods gain a higher share of future emissions and decision-making influence. To maximize rewards, many participants choose to auto-extend their lock duration or compound earnings by restaking YB emissions.
What Blockchain Does Yield Basis Operate on?
Yield Basis (YB) operates on the
Ethereum blockchain, leveraging its robust DeFi ecosystem and security standards. The protocol integrates closely with Curve Finance and its stablecoin crvUSD, using Ethereum-based smart contracts to manage leveraged liquidity positions, yield distribution, and governance through veYB. Being Ethereum-native ensures compatibility with major DeFi tools, wallets, and liquidity platforms while maintaining transparency and decentralization.
Which Wallets Support YB Tokens?
The easiest and most secure way to store YB tokens is directly on BingX, where you can buy, sell, and hold YB within your exchange wallet. By keeping your YB tokens on BingX, you benefit from bank-grade security, multi-signature protection, and real-time access to trading and staking opportunities. This option is ideal for traders who want to manage their YB holdings seamlessly without transferring assets to external wallets.
Is Yield Basis (YB) a Good Investment?
Yield Basis (YB) can be seen as a strong investment opportunity for those interested in sustainable yield generation within decentralized finance (DeFi). Its innovative impermanent loss–free liquidity model, powered by leveraged rebalancing and integration with Curve’s crvUSD, offers both capital efficiency and reduced downside risk.
The governance-driven veYB system aligns long-term holders with protocol growth, allowing investors to earn rewards from trading fees and emissions while participating in key decisions. Backed by growing adoption in the Curve ecosystem and transparent tokenomics, Yield Basis presents a balanced mix of innovation, utility, and governance-based incentives; though, as with all DeFi assets, investors should be aware of liquidity and smart contract risks.