Curve Finance votes on plan to distribute revenue directly to CRV holders
New Revenue-Sharing Protocol: Curve Finance has introduced a protocol called Yield Basis, which aims to provide sustainable income to CRV holders by sharing revenue directly from Bitcoin liquidity pools, moving away from traditional one-off incentives.
Impact on Tokenomics: The proposal includes minting $60 million in crvUSD to fund three Bitcoin liquidity pools, with a significant portion of revenue (35-65%) allocated to veCRV stakers, potentially transforming CRV into a more attractive income-generating asset amidst past liquidity challenges.
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Technical Analysis for YB
Technical Sentiment Analysis for YieldBasis (YB) As of , YieldBasis (YB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for YB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, YB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
YieldBasis (YB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0177 | 0.0734 | 0.116 | 0.172 | 0.215 | 0.271 | 0.313 |
| Fibonacci | 0.0734 | 0.111 | 0.134 | 0.172 | 0.21 | 0.233 | 0.271 |
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