YB (YieldBasis) rose 18.51% in the past 24 hours, with a market capitalization of approximately $17.4 million.

YB-0,51%
WBTC4,21%
CRV5,5%

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.

View Original
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

Crypto Market Jumps By 3.66% Despite Extreme Fear Sentiment

The crypto market surged by 3.66% to $2.36T, with Bitcoin and Ethereum both showing significant gains. However, NFT sales dropped 12.66%, and a security breach affected Figure. Meanwhile, Cisco expanded its AI operations amid these developments.

BlockChainReporter53m ago

RLUSD on-chain throughput soars to $6.3 billion per month, is a stablecoin settlement network taking shape?

February 14 News, RLUSD has been continuously expanding since its launch in December 2024. After early support from multiple platforms, its market capitalization quickly surpassed $1 billion. By 2026, key changes occurred in its liquidity structure, with a global distribution network and zero-fee incentives driving increased trading volume, while custodial deposits contributed to a simultaneous rise in reserves and trading activity. With the withdrawal function and XRPL deposit channel opening on February 12, the on-chain migration of RLUSD has significantly accelerated, and its cross-border payment and multi-network circulation capabilities are gradually taking shape. As of mid-February 2026, RLUSD's circulating supply has increased to approximately $1.52 billion. During this period, the supply was expanded through three issuance events, and some tokens were burned on the Ethereum network to curb excess supply, with the collateralization rate remaining above 103%. On-chain distribution has also become clearer: approximately 77% to 79% of the balance is held on Ethereum, mainly for liquidity and collateral purposes; XRPL holds about 22% to 23%, focusing more on fast settlement and payment routing.

GateNewsBot2h ago

BIP-360 Sparks Quantum Hot Topic: Can Bitcoin Upgrades Ease Selling Pressure and Restore Confidence?

February 14 News, the Bitcoin community has recently engaged in intense discussions about post-quantum security upgrades. With the exposure of the BIP-360 proposal, core developers plan to implement a soft fork to introduce stronger resistance to quantum attacks for Taproot-based addresses. This proposal is seen as an important step for Bitcoin to address future quantum computing threats and has become a focal point of current market attention. The core goal of BIP-360 is to reduce the risk of exposing public keys in Pay-to-Taproot (P2TR) addresses during transactions. The scheme will remove the "key-to-spend" path and introduce a Pay-to-Merkle-Root (P2MR) structure, enabling verification without exposing the public key. Since Taproot was widely adopted after its launch in 2021, related risks were initially overlooked but are now recognized as potential systemic vulnerabilities.

GateNewsBot2h ago

Aave launches "Token Center" model: 100% of product revenue goes to DAO, applying for $50 million in funding support

February 14 News, the governance game between Aave Labs and Aave DAO has heated up again. Aave Labs announced a "Token Center" framework, promising that all revenue generated from its Aave brand products will flow 100% to the DAO to strengthen the ecosystem's long-term value capture capabilities. The involved products include Aave.com, mobile applications, the Aave Card, and the tokenization platform Aave Horizon. Stani Kulechov, founder and CEO of Aave Labs, stated that this model positions it as a long-term service provider for the DAO, laying the foundation for Aave to seize emerging growth opportunities amid the integration of DeFi and traditional finance. As consideration, Aave Labs is requesting approximately $50 million in support from the DAO, including 75,000 AAVE tokens, for ongoing development of related products, and has proposed establishing a foundation to manage Aave brand affairs.

GateNewsBot2h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)