YB Yield Basis Rank #892 $0.0709 ▼ 4.45%

Yield Basis is a decentralized finance protocol operating primarily on the BNB Chain, with connections to the broader Ethereum ecosystem. It was launched through a Binance Wallet Initial DEX Offering, which served as its initial distribution event. The protocol is designed to address a persistent challenge in automated market maker systems: impermanent loss. Yield Basis allows users to supply BTC as liquidity to an AMM pool while mitigating the exposure to impermanent loss that typically affects liquidity providers when asset prices diverge. In return for supplying this liquidity, participants earn a share of the trading fees generated by the pool. By aiming to remove a key disincentive for BTC liquidity provision, Yield Basis functions as a DeFi infrastructure tool that seeks to make market-making on AMMs more capital-efficient for Bitcoin holders. Its presence on BNB Chain positions it within a network known for lower transaction costs and high throughput, while its Ethereum ties reflect the interoperability common among modern DeFi applications.