Bitexen has listed YieldBasis (YB), a DeFi protocol that eliminates impermanent loss for liquidity providers through its innovative 2× leveraged liquidity mechanism built on Curve Finance.

Bitexen users can now easily trade YB tokens and participate in the growing DeFi ecosystem powered by YieldBasis, benefiting from its governance, staking, and revenue-sharing features.

YieldBasis is a DeFi protocol that enables users to provide liquidity to AMM pools without suffering from impermanent loss. Built on Curve Finance’s infrastructure, the protocol maintains a constant 2× leverage ratio by borrowing crvUSD against LP positions, allowing liquidity providers to mirror asset price movements 1:1 while earning trading fees.

YieldBasis introduces a dual earning model: unstaked LP holders earn trading fees directly, while staked LP holders receive YB emissions. The native YB token serves multiple functions—governance through veYB (vote-escrowed YB), gauge voting for emission distribution, and protocol revenue sharing. This structure empowers long-term holders with voting rights, revenue participation, and the ability to direct liquidity incentives across pools.