Yield Basis
AuditedVerifiedNewYield Basis is a Curve-team-launched Ethereum protocol that turns single-asset deposits (BTC variants, ETH) into 2x-leveraged Curve Cryptoswap LP positions whose constant leverage cancels impermanent loss, paying organic trading-fee yield with 1:1 tracking to the underlying.
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The Problem
Standard xy=k AMM LPs suffer impermanent loss whenever the price of either asset moves, capping the after-IL yield a passive LP can earn — particularly painful for BTC LPs who want spot exposure plus trading-fee yield.
The Solution
Maintain a constant 2x leverage ratio on a Cryptoswap LP via the LEVAMM mechanism. At exactly 2x, the IL drag of the underlying LP is mathematically cancelled, so the yb-LP share tracks the underlying asset 1:1 while accruing trading fees.
Why it Matters
First production deployment of arbitrage-driven IL-cancellation for AMM LPs. Built on Curve primitives (Cryptoswap pools, crvUSD borrow markets) by the Curve founding team, allowing seamless integration with the Curve liquidity stack.
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View allFrequently asked questions about Yield Basis
What is Yield Basis?+
Yield Basis is a Yield protocol operating on Ethereum. Yield Basis is a Curve-team-launched Ethereum protocol that turns single-asset deposits (BTC variants, ETH) into 2x-leveraged Curve Cryptoswap LP positions whose constant leverage cancels impermanent loss, paying organic trading-fee yield with 1:1 tracking to the underlying.
How does Yield Basis work?+
Maintain a constant 2x leverage ratio on a Cryptoswap LP via the LEVAMM mechanism. At exactly 2x, the IL drag of the underlying LP is mathematically cancelled, so the yb-LP share tracks the underlying asset 1:1 while accruing trading fees.
Is Yield Basis safe?+
DeFi Sentinel rates Yield Basis A with a safety score of 75/100, indicating low-to-moderate risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Yield Basis has 10 audits on record. DeFi Sentinel's analysis flagged 2 high, 6 medium, 3 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Yield Basis?+
Yield Basis has a DeFi Sentinel safety score of 75/100 (rating A), last updated September 16, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Yield Basis support?+
Yield Basis is deployed on Ethereum.
Has Yield Basis been audited?+
Yes. Yield Basis has 10 audit reports on record from firms including Statemind, ChainSecurity, Quantstamp. Audit reports and dates are linked under the Resources tab on this page.
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