Yield Basis is a DeFi protocol founded by Curve Finance creator Michael Egorov that enables BTC and ETH holders to earn boosted yields in AMM pools without impermanent loss through leveraged crvUSD positions and hybrid vaults. The live mainnet protocol has scaled to over $180M TVL since its October 2025 launch.
The native $YB token serves as the governance and utility asset, allowing holders to vote on protocol upgrades, gauge emissions, and share in revenue once the fee switch is activated.
Yield Basis conducted its Kraken Launchpad ICO in October 2025, raising $2,500,000 by selling 12.5 million $YB tokens (1.25% of total supply) at a fixed price of $0.20, corresponding to a $200 million fully diluted valuation. This public first-come, first-served sale marked Kraken Launch’s debut project in partnership with Legion.
Yield Basis - ICO Round Overview
Kraken Launchpad
Yield Basis - ICO Round Round Result
Yield Basis - ICO Round Current Token Data
How to join Yield Basis - ICO Round?
- Create and verify a Kraken account with full KYC completion.
- Deposit supported currencies such as USDC, USDT, USDG or fiat.
- Navigate to the Kraken Launch section at sale open time.
- Place your YB purchase order on a first-come, first-served basis.
- Receive tokens immediately upon sale close and listing on Kraken.