The founder of Curve's masterpiece Yield Basis (YB) made a brilliant debut: leading CEXs collectively listed the coin, with a volume exceeding 530 million dollars.

The DeFi platform token Yield Basis (YB), created by the founder of Curve Finance, achieved remarkable results right after its launch, with a price that once reached $0.90, rising 4 times from the pre-sale price earlier this month, bringing huge returns to early investors in just 15 days. The project's total supply is 1 billion coins, with a current market capitalization of approximately $62 million, and it has successfully launched on several major exchanges. Although the price has dropped more than 40% from its pre-market high of $1.40 (which may relate to the unlocking of pre-sale tokens that account for 2.5% of the total supply), its trading volume broke $335 million in just a few hours, demonstrating strong market enthusiasm.

Star Project Launch: YB goes live and is collectively favored by mainstream exchanges

Yield Basis (YB) has successfully attracted the attention of top exchanges with its unique Decentralized Finance mechanism and founding team background, bringing substantial returns to early investors.

· The amazing rise from private placement to listing

The YB Token reached a price of $0.90 immediately after its launch, achieving a massive leap of 4 times compared to the presale price earlier this month.

Despite the price dropping over 40% from a pre-market high of about 1.40 USD, this is likely due to the presale portion (approximately 2.5% of the total supply, worth around 17.5 million USD) being unlocked at launch.

· Top CEXs collectively list tokens

YB has gained favor from all major exchanges, including top CEXs in the United States, since its launch.

The market capitalization of YB is approximately 62 million USD, slightly higher than its 50 million USD valuation when it successfully raised 5 million USD earlier this year.

· volume explodes

In just a few hours after its launch, the volume of YB has exceeded 335 million USD, and it has currently surpassed 530 million USD, indicating that the market is full of enthusiasm for it.

Yield Basis Mechanism: Addressing the Pain Points of DeFi Liquidity Providers

YB is a Decentralized Finance platform designed to help cryptocurrency holders (especially liquidity providers for Bitcoin or Ethereum) earn yields more efficiently.

· Drawing on Curve's stable trading concept

The platform was created by a founder of Curve Finance, drawing on some of Curve's ideas about stable and efficient trading.

· Solve the impermanent loss problem

The core innovation of YB lies in how it handles Impermanent Loss. When users provide liquidity, fluctuations in token prices may lead to a loss of value, known as Impermanent Loss.

YB allows users to choose between earning BTC/Ethereum transaction fees or receiving YB token rewards to meet different profit preferences.

· Token empowerment and distribution structure

The YB Token itself is used for governance (voting on decisions) and can earn additional veYB rewards by being locked.

The total supply of the project is 1 billion coins, and currently, approximately 88 million coins are in circulation.

About 30% of the supply is allocated for liquidity rewards, 25% belongs to the team (with a lock-up period), 15% is for ecosystem growth, and approximately 12% is distributed to early investors.

Market Outlook: Short-term Price Trends and Community Governance

After experiencing explosive listing, the market is closely watching whether YB can continue to rise in the short term after digesting the pressure from the presale, and observing the maturity of its governance structure.

· Pressure digestion and price stabilization

The current price pullback can be seen as a normal market behavior due to early profit-taking and presale unlocks. Once these selling pressures are digested, whether YB can continue to rise based on its fundamentals and mechanism innovations will be the focus in the short term.

· The attractiveness of the governance mechanism

YB attracts long-term holders to participate in governance through the veYB locking mechanism, which helps stabilize the Token value and ensures community involvement in the future development direction of the platform.

Conclusion

Launched by the founder of Curve, the Yield Basis (YB) Token has achieved a remarkable 4-fold rise in a short period, thanks to its innovative DeFi yield mechanism and the rapid collective listing on mainstream exchanges. Despite facing initial presale selling pressure, its trading volume of up to $335 million indicates that the market holds high expectations for its potential to address the pain points of liquidity providers. YB is striving to establish a more stable and efficient decentralized finance future through the veYB governance model, making it worthy of continuous attention from DeFi participants.

This article is for informational purposes only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make decisions cautiously.