Yield Basis and Flying Tulip, two new DeFi platforms, are set to enhance Bitcoin liquidity and trading. Yield Basis, launched by Curve Finance founder, aims to eliminate impermanent loss for BTC liquidity providers through a 2x leveraged BTC-crvUSD liquidity pool, issuing ybBTC as a yield-bearing receipt. Meanwhile, Flying Tulip, developed by a co-founder of Yearn Finance, integrates AMM and CLOB to offer comprehensive trading options, including spot, lending, and derivatives, using ftUSD as a stablecoin. Both platforms seek to improve on-chain liquidity and trading efficiency, though they face competition from established protocols.