Something interesting happened. Yield Basis validated a bold idea last year with real data — that leveraging the AMM model can truly eliminate impermanent loss. Not only that, the protocol also established a profitable model, with trading volume and fee income stabilizing.



Looking at the plans for 2026, it’s even more exciting. They don’t intend to stop at mainstream assets like BTC and ETH, but are instead turning their attention to a broader space — the tokenization of RWA (Real World Assets). On-chain representations of traditional assets like gold and stocks are becoming a new frontier for DeFi. Yield Basis clearly aims to capitalize on this wave of opportunity.

At the same time, strengthening the governance system of veYB indicates they are making deeper preparations for ecosystem expansion. From single assets to multi-asset ecosystems, from validation to expansion, this path is being carefully charted.
BTC-3.18%
ETH-4.28%
RWA-2.91%
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ImpermanentPhobiavip
· 2025-12-31 07:07
Are impermanent losses all eliminable? That's a bit of an overstatement; we need to see real data to be sure.

The RWA (Real World Assets) sector is indeed large, but it's uncertain how much can actually be gained.

The veYB governance system upgrade seems to be paving the way for ambitions.

Last year, achieving profitability was pretty good, but from validation to expansion, there are many pitfalls.

Tokenizing gold and stocks sounds exciting, but will it really materialize or just remain a beautiful vision...

I'm a bit curious about how they'll play out in 2026, but I don't dare to be too optimistic.

It feels like YB is playing a long-term game, and good initial data can be considered a plus.

A multi-asset ecosystem sounds easy, but maintaining stable returns is the real test.

This approach is definitely better than just focusing on BTC, but how well the subsequent execution will go remains to be seen.
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GasFeeDodgervip
· 2025-12-30 09:15
Has the impermanent loss really been solved? If that's true, we need to see how long it can last. RWA is indeed attractive, but the competition is fierce.
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GweiTooHighvip
· 2025-12-28 16:01
Does leveraged AMM eliminate impermanent loss? If that really happens, it will rewrite DeFi history.

Daring to delve into RWA, but these days everyone is eyeing this cake.

The veYB governance upgrade sounds like paving the way for a big move; let's see if it can seize this wave of benefits.
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SybilSlayervip
· 2025-12-28 14:05
Has the issue of impermanent loss truly been solved? It depends on how long the actual data can hold up; otherwise, it's just the next PPT project.
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TestnetScholarvip
· 2025-12-28 14:02
Wow, can impermanent loss really be eliminated? If that's true, wouldn't it be the savior of AMM... but it depends on how things go after actual trading.

RWA is indeed attractive, but competition is fierce. It's still uncertain whether YB can hold its position.

The veYB governance system upgrade is quite interesting, indicating they're serious about long-term development... or maybe they're just preparing to harvest the leek haha.

This path is definitely more thoughtful than many projects, but in DeFi, being thoughtful doesn't necessarily mean survival.
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DuskSurfervip
· 2025-12-28 13:58
Has the impermanent loss really been solved? If that's true, we should take a good look. Hopefully, it's not just another bragging project.
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BrokenDAOvip
· 2025-12-28 13:51
Has impermanent loss really been eliminated? How do you look at the data, is the sample size large... I always feel that these kinds of claims are prone to failure.

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RWA is indeed a gold mine, but I started to worry once veYB governance is strengthened. Historically, this approach has been tried several times, and voting rights still tend to concentrate in the hands of large holders.

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Leveraged AMM turning profitable is good, but I want to see if the mechanism remains stable under extreme market conditions. The 2026 plan sounds ambitious, but before expanding, let's first address governance risks.

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Tokenized RWA sounds great, but who will bear the responsibility for on-chain asset compliance? Is it still trust intermediaries?

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Strengthening the governance system is actually a prelude to redistributing power. What veYB holders will become remains to be seen.
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blockBoyvip
· 2025-12-28 13:46
Is impermanent loss really gone? It depends on the actual trading data.

RWA is indeed the next gold mine, but the real question is whether Yield Basis can be captured.

The veYB governance system feels like a series of moves paving the way for big things.

This team's approach is quite clear; from BTC/ETH to RWA, they are taking steady steps.
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ForkTonguevip
· 2025-12-28 13:44
Can impermanent loss truly be eliminated? It depends on how long it can last. Don't let the story of a pump-and-dump project repeat itself.
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