YB’s current price is between 0.08 and 0.11u. Data from different platforms varies quite a lot. Its all-time high was 0.82u, and it’s now down by about 86%.

This coin is designed to let Bitcoin and Ethereum holders provide liquidity to earn trading fees without worrying about impermanent loss. It uses a mechanism on top of the Curve system with 2x leverage, keeping the position value aligned one-to-one with the asset price.

For users who don’t stake, they directly receive a share of the trading fees. For users who stake, they can get additional token rewards. The overall design logic is pretty clear.

Around April this year, the team and early investors’ unlock cliff took effect. This supply pressure has been weighing on the market ever since.

At this level, the overall situation looks oversold. The market cap is only a bit over $15 million, and compared with the underlying assets locked up, it’s still not that big #YB $YB