Curve's partnership with Yieldbasis has dramatically increased its liquidity and DAO revenue, with total value locked (TVL) soaring from $6 million to $300 million. This collaboration enables BTC derivative deposits with 2x compounding leverage through Curve’s crvUSD credit line, resulting in $188,000 in revenue for liquidity providers and the DAO.
Recent governance decisions have expanded the crvUSD credit line to 300 million and initiated YB token emissions. The DAO is currently considering proposals to responsibly scale Yieldbasis, including tripling PegKeeper capacity and redirecting emissions to fund vote incentives.
Yieldbasis Partnership Propels Curve's Liquidity to $300 Million
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
