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...