Michael Egorov, founder of Curve Finance, has introduced Yield Basis, a decentralized protocol aimed at providing sustainable Bitcoin yield while eliminating impermanent loss. The protocol offers a new approach to automated market maker (AMM) models, targeting institutional and professional investors with deeper Bitcoin liquidity and attractive yield opportunities. Yield Basis has launched three pools, each with a $1 million deposit cap, marking its debut on the Legion and Kraken launchpad. The project has secured $5 million in early 2025 funding and plans to extend its impermanent loss solution to Ethereum, tokenized commodities, and potentially stocks.