What is YieldBasis?
YieldBasis is a decentralized protocol that lets liquidity providers earn trading fees on volatile-asset pairs without the impermanent loss a normal LP suffers. Built on Ethereum and powered by Curve Cryptoswap pools, YieldBasis maintains a 2× leveraged position that tracks the underlying asset one-to-one. A yb-LP share moves with BTC or ETH, keeping full price exposure in both directions, while collecting fees that a normal LP would forfeit to impermanent loss.
Currently live
Markets: cbBTC, WBTC, tBTC, WETH. Hybrid Vault: WETH only, $25M cap. See Contract Addresses for the full list.
Where to start
If you are new to YieldBasis, read these in order:
- How YieldBasis Works — overview on the mechanism.
- yb-LP Tokens — what your shares mean and the staked vs unstaked split.
- Risk Disclaimer — what you are accepting before you deposit.
- Provide Liquidity — your first deposit, step by step.
Pick your yield
Two ways to earn from a yb-LP position. Pick before you read the deep mechanics.
| Unstaked yb-LP | Staked yb-LP | |
|---|---|---|
| How you earn | Trading fees, as seen as Fundamental Value growth | YB emissions, paid by the gauge |
| Best for | Passive holders with no YB token exposure | Those seeking exposure to YB |
| Learn more | yb-LP Tokens | Staked vs Unstaked Economics |
Find your section
| If you are... | Start here |
|---|---|
| A new liquidity provider | The "Where to start" path above |
| Already an LP, choosing staked vs unstaked | Pick your yield above and Staked vs Unstaked Economics |
| Holding YB or veYB | veYB, Tokenomics, and Vote for Gauges |
| Building or integrating on top | Developer overview |
| Evaluating risks before depositing | Risk Disclaimer and Audits |