Yield Basis price

I've just begun to better understand the new @yieldbasis protocol by Curve Founder @newmichwill. I find it very interesting for the simplicity it offers as a product seeking to maximize ease of access to higher yields on BTC. There's a multi-trillion-dollar market cap for BTC, the vast majority of BTC still being unused other than holding as a SoV, so catering to this audience through DeFi, could prove to be very strategic for YB's growth and adoption. Here's all the key details I could gather below, with more immediate plans to record an @edge_pod on YB: + YB is built for maximizing your yield on tokenized BTC + Users choose to deposit tBTC, cbBTC, or WBTC + In turn, you get exposure to 2× leveraged BTC/crvUSD LP + The protocol borrows crvUSD against the Curve LP and keeps the loan at 2× compounding leverage (50% debt‑to‑value) + Taking clever lessons from @AerodromeFi, you can stake the LP and instead of trading fees, you receive YB emissions voted on by veYB lockers. Otherwise, you can remain unstaked and earn the LP trading fees. + 30% of all tokens (300M YB) are distributed through liquidity mining based on a dynamic emission schedule. + Those holding the YB token can create locks for up to 4 years in duration, the more you lock, the longer you lock, the more voting power and the right to a greater claim on protocol revenue (ie trading fees), since you vote on gauges where to allocate YB emissions to staked LPs so that you as veYB holders can claim a share of the trading fees. It's the whole ve3,3 flywheel idea. + Pools opened for deposits just a few weeks ago on Sept 26 with: tBTC, cbBTC, and WBTC. Each has a $50M cap that filled, so the protocol currently holds a total of $150M TVL. + YB token just launched about 12 hours ago on Ethereum Mainnet (and I think BNB Smart Chain) so we will need more time to judge the result of these token incentives but being familiar with veAERO, and veCRV, I'm sure we will see some substantial yields for Yield Basis LPs and veYB lockers who are incentivized to allocate YB emissions to these YB LPs. + The big question is can this Yield Basis protocol properly manage a 2x BTC/crvUSD LP and hedge out IL? That's a part of the protocol (lotta math) that's beyond me but results will prove in the long term if this works as designed or where they might be shortcomings. Note: I have no investment in YB, I do not do paid tweets, but I do find it interesting as a long time Curve user and intend to try out the YB LPs when caps are raised in future.

$BLOCK whales are aligning to send it🐳 Chart looks primed for 2ND leg up📈 Mega crazy pump loading 🚀 $tgt $flame $stnk $yb $dego $edu $ygg