Kraken and Legion have initiated the presale for the Yield Basis (YB) token, which began on September 30 and will conclude at 10 PM the same day. The public sale is scheduled to start at 10 PM on October 1, operating on a first-come, first-served basis. Yield Basis, founded by Curve's Michael Egorov, marks the first project on Kraken Launch. The token sale offers 25 million YB tokens, priced at $0.20 each, contributing to a fully diluted valuation of $200 million.