With this launch, Curve Finance has also launched Yield Basis. This novel technology, called the Unified Liquidity Model, intends to prevent all impermanent loss for Bitcoin and Ether liquidity providers. This move is a significant victory for the decentralized finance (DeFi) ecosystem. First, it gets right at a major concern...
It's got DeFi buzzing. The promise? Eliminate impermanent loss (IL) for BTC and ETH LPs. Sounds fantastic, right? So, before we anoint Curve the savior of DeFi, let’s look a little bit closer. It is time for us to learn the truth about what is going on.Impermanent Loss Finally Vanquished?Impermanent...
Yield Basis is a new Curve Finance protocol. Implementing this novel, cross-chain solution is expected to minimize impermanent loss for liquidity providers of tokenized versions of Bitcoin and Ether. Curve founder Dr. Michael Egorov told Cointelegraph that Yield Basis solves the impermanent loss problem that has plagued liquidity providers for...
With these new features Curve Finance is pushing the envelope of what’s possible with decentralized finance (DeFi). Their newly launched yield basis (YB) mechanism aims to completely free yield farmers from impermanent loss. The system leverages 200% overcollateralization and an innovative token model. In this model, customers are rewarded for...
Curve Finance, a project whose name has become somewhat symbolic with stablecoin swaps and other low-risk, relatively boring DeFi strategies, is stepping into the spotlight. With the proposed YB (Yield Basis) protocol, Dr. Egorov is at the forefront of this charge. It promises to solve the problem of impermanent loss,...
Impermanent loss. It's the quiet killer of DeFi dreams. You’re depositing funds into a liquidity pool, convinced you’re doing the protocol a great service and reaping insane returns. Next thing you know, wham, the relative prices change, and your investments are worth less than if you had simply hung onto...
Michael Egorov, the wizard behind Curve Finance, soothes his followers, telling them he has killed the impermanent loss dragon. Well, that’s a pretty huge promise! As in every corner of DeFi, the hype is better than the actual product. Develop a healthy skepticism—this will be your strongest asset. "Yield Basis...
Michael Egorov, the founder of Curve, recently released a paper about this in DeFi. In it, the team describes an innovative strategy that promises to remove the risk of impermanent loss (IL) for liquidity providers. Egorov’s new platform, Yield Basis (YB), takes this concept and goes a step further, introducing...