Gate News Bot Report, February 12 — According to CoinMarketCap data, as of press time, YB (YieldBasis) is trading at $0.20, up 18.51% over the past 24 hours. The price reached a high of $0.20 and a low of $0.13. The current market capitalization is approximately $17.4 million, an increase of $2.72 million from yesterday.
YieldBasis is a DeFi platform that derives yields from market volatility. Users can earn returns through trading profits or token rewards, with trading profits generated from market activity and token rewards earned by depositing liquidity to receive YB tokens. The platform currently manages a total value locked (TVL) of $175 million, offering four active markets with a maximum market yield of 43%. Supported assets include mainstream cryptocurrencies such as cbBTC, tBTC, WBTC, and WETH, allowing users to choose different yield strategies based on their needs.
Important recent news about YB:
1️⃣ Strengthening market confidence through founding team background
YieldBasis is led by Michael Egorov, the founder of Curve Finance. His extensive experience and success in the DeFi space add significant trust to the project. This strong team background provides a foundation of confidence for market participants and helps attract institutional and professional investors.
2️⃣ Expansion of exchange liquidity
YieldBasis has been listed on multiple major exchanges. The increase in trading pairs and liquidity ensures easier trading of the token. Broader trading channels boost market participation and positively influence price volatility.
3️⃣ Market demand for DeFi yield products
The platform’s innovative mechanism, which derives yields from market volatility, combined with a market yield of up to 43%, fully meets DeFi users’ demand for diversified yield strategies. The $175 million TVL reflects market recognition of these products and provides fundamental support for the YB token price.
This news is not investment advice. Investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
VeChain StarGate Staking Platform Shows Strong Growth Three Months After Hayabusa Fork
VeChain's StarGate staking platform experienced significant growth post-Hayabusa fork, with a 50.2% reduction in VTHO emissions and a 93.9% increase in active stakers. The network now holds 10.7 billion VET, emphasizing the shift towards a delegation model and new entry-level node tiers which promote wider participation.
CryptoNewsFlash2h ago
Today's top 100 tokens by market cap gainers and losers: RIVER up 22.15% leading gains, NIGHT down 8.18% leading losses
On March 12, among the top 100 cryptocurrencies by market cap, River (RIVER) had the highest gain at +22.15%; Midnight (NIGHT) had the largest decline at -8.18%. Additionally, tokens such as Pi, Sky, Bittensor, and Render also showed varied gains.
GateNews3h ago
Hyperliquid Sets New Records in RWA Trading Volume
Hyperliquid, a specialized Layer 1 blockchain for DeFi, has seen outstanding growth in Real-World Asset trading, achieving over $1.3B in open interest and $1.4B in weekend volume, positioning itself as a 24/7 trading hub alternative to traditional markets.
BlockChainReporter3h ago
Altcoin Season Index Reaches 40 as Top Performers Show Strong 90-Day Gains
Gate News bot message, the Altcoin Season Index has reached 40. Over the past 90 days, top-performing coins include $KITE with +222.86%, $CC with +113.17%, $STABLE with +86.83%, $MORPHO with +66.03%, $SKY with +41.20%, $JST with +37.99%, $ZRO with +37.37%, $DCR with +33.65%, $HYPE with +30.39%, and
GateNews4h ago
Chainlink Expands on Solana With Jupiter Prediction Market Integration
Jupiter has plugged in Chainlink’s Data Streams for its 5-minute and 15-minute prediction markets on Solana.
While Jup Predict now relies on Data Streams for its short-duration crypto markets, Jupiter has not added Chainlink to its wider DeFi protocol.
Chainlink has announced a new
CryptoNewsFlash4h ago
