YB’s current price is between 0.08 and 0.11u. Data from different platforms is a bit scattered. The all-time high was hit in October last year, reaching 0.82u. Now it’s down by around 87%.

This coin does something quite interesting: it lets people who hold Bitcoin and Ethereum provide liquidity and earn trading fees, without having to bear impermanent loss. It uses the Curve-style system with a two-times leverage mechanism, so the value of your position tracks the asset price one-to-one, and you won’t lose due to price fluctuations.

It has two ways to make money. If you don’t stake, you directly earn trading fees; if you do stake, you can receive additional token rewards.

Around this April, the team and early investors’ unlock cliff started to take effect. This supply pressure is the focus for the next period of time.

Right now, this level is overall in an oversold state. Its market cap is only a bit above $15 million, and compared with the size of the underlying locked assets, it’s still not that large #PreIPOs第二期OpenAI认购 $YB