Turning crypto into productive assets using original Automatic Market Making without IL. Focusing on $BTC first. Dm is open. tg: https://xitter.cf/t.co/IgPnd4hfeq
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Joined January 2025
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yieldbasis retweeted
The @yieldbasis WETH propAMM traded $28.9M in its first week, 6.8x the week before.
• $23M on day one
• 86 wallets traded
• The top 5 wallets did 47% of the volume
• Over $400K in swap fees
One busy day did most of the earning. Day one brought in over 90% of the week's fees.
Every swap on the pool, pulled using HyperSync: github.com/enviodev/hypersyn…
xitter.cf/yieldbasis/status/2117…
yieldbasis retweeted
Some thoughts on Yield Basis
1. propAMM changed the game for the project. It's evident that capital efficiency significantly improved.
2. Today WETH pool earns even when volatility is small or moderate.
3. WETH PPS (redemption, not only fundamental) skyrocketed:
-> 29 October: 1.0044 -> 1.0444 (+4% to the position or more than ETH yearly staking income, also it is 10x profits vs. all history of this pool before that since and of May)
-> 29 October - 4 November: 1.0444 -> 1.0476 (+7.2% to profit or 0.3% to overall position value within 6 days or theoretically ~18% APR)
4. Admin fees or what veYB holders capture are printing every day now
While I wrote this post, +$9k veYB fees. Not bad.
propAMM observations continued: some trading after a quiet weekend
Ok, these events are not happening often (thankfully). But what's after?
We've noticed that some very good arbitrage traders started using propAMM very efficiently. We've got exactly 1 day of "after volatility" time, and it looks pretty good so far.
Continuing observations 🫡
first real volatility test for the new @yieldbasis WETH propAMM.
in just one hour:
$17.7m trading volume
$275k swap fees
$15m TVL
1,220% annualized trading APY (1D)
market volatility is your yield.
just the beginning.
first real volatility test for the new @yieldbasis WETH propAMM.
in just one hour:
$17.7m trading volume
$275k swap fees
$15m TVL
1,220% annualized trading APY (1D)
market volatility is your yield.
just the beginning.
permissionless propAMM is live on yb-WETH
proposal #60 passed and executed, together with curve vote 1508
the WETH pool now prices swaps off signed @PythNetwork eth/usd reports
yieldbasis.com/proposal/60
yieldbasis retweeted
Where does Bitcoin yield actually come from?
Michael Egorov (@newmichwill), founder of @CurveFinance and co-founder of @yieldbasis, on real yield from volatility, why Bitcoin before Ethereum, and whether quantum breaks the keys.
Full conversation below.
Supported by @krakenfx and @trycodex.
sunday is a good day to vote
two major upgrades are waiting for veYB governance approval
more trading volume, tighter spreads and improved yield across different market conditions
what comes next for @yieldbasis is in the hands of veYB holders.
time to vote!
yieldbasis.com/proposal/60
yieldbasis.com/proposal/61
yieldbasis retweeted
Where does YieldBasis’s Bitcoin yield actually come from?
@newmichwill, founder of @CurveFinance and @yieldbasis, explains how trading activity generates yield and why quieter markets mean lower returns.
a new chapter for AMMs.
proposal #60 brings a permissionless propAMM approach to yb-WETH.
higher trading volumes, tighter spreads and yield across different market conditions.
special thanks to our friends at @metricxyz for the valuable feedback that helped shape this upgrade.
yieldbasis.com/proposal/60
ETH yield is about to get interesting.
new oracle and fee policy proposed for @yieldbasis WETH pool
simulations show annualized fundamental yield increasing from 3.6% to 8.5%
WETH first, BTC pools next!
forum.yieldbasis.com/t/oracl…
explore the challenge of impermanent loss in AMMs and how Yield Basis aims to solve it. We review one year of data to see its performance in a volatile market, explaining its unique approach.
@newmichwill at @token2049
"the results are also encouraging, though returns are far more dependent on market volatility"
@KR1plc 🫡
