YieldBasis: Curve's Founder Launches a New Era in On-Chain Yield with a Second Revolution
Introduction of YieldBasis: YieldBasis, developed by Curve founder Michael Egorov, features a 2× leveraged AMM design that eliminates impermanent loss while allowing BTC to generate yield, integrating with Curve’s crvUSD system and partnering with Kraken and Legion for compliance and liquidity.
Mechanism and Innovation: The protocol uses a structured yield system for BTC, maintaining a constant leverage through automatic rebalancing, allowing liquidity providers to earn fees without facing impermanent loss, and offering dual yield paths for users.
Ecosystem and Capital: YieldBasis has secured a $60 million credit line from Curve DAO and raised $5 million through Kraken and Legion, creating a robust ecosystem that combines Curve’s stability, Kraken’s compliance, and Legion’s community trust.
Risk and Outlook: While YieldBasis mathematically eliminates impermanent loss, it still faces risks related to market volatility and reliance on crvUSD, with plans for expansion across multiple chains to enhance its decentralized yield infrastructure.
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Technical Analysis for YB
Technical Sentiment Analysis for YieldBasis (YB) As of , YieldBasis (YB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 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 | 0.0172 | 0.0732 | 0.116 | 0.172 | 0.214 | 0.27 | 0.313 |
| Fibonacci | 0.0732 | 0.111 | 0.134 | 0.172 | 0.209 | 0.233 | 0.27 |
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