YieldBasis eliminates impermanent loss by auto-maintaining 2× leveraged BTC/crvUSD LPs, sharing fees with ybBTC and veYB holders.

YieldBasis is a BTC-first liquidity protocol that removes impermanent loss by pairing deposits with borrowed crvUSD and auto-keeping a 2× leveraged Curve LP position so LP value tracks BTC 1:1 while earning fees. Users receive ybBTC and can either hold it to collect BTC-denominated trading yield or stake it to earn YB emissions; fee revenue is shared between unstaked ybBTC and veYB via a dynamic admin-fee curve, while the rest continually rebalances the pool. The YB token (1B supply) uses ve-tokenomics and gauge voting to direct emissions, aligning long-term governance with sustainable, non-subsidized yield.