6 October 2025
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Curve Founder Michael Egorov Introduces On-Chain Bitcoin Yield Platform
Yield Basis Launch
- Michael Egorov, founder of Curve Finance, has launched Yield Basis, a decentralized platform for generating Bitcoin yield on-chain.
- The platform uses an updated automated market maker model to eliminate impermanent loss for liquidity providers in DeFi.
Platform Architecture and Governance
- Pairs Bitcoin with stable assets in pools that automatically rebalance to maintain stable returns.
- Employs a veToken governance model, enhancing voting power for users who lock tokens longer.
Funding and Target Audience
- Initial seed capital raised; targets professional and institutional users.
- Focuses on providing predictable Bitcoin yield through non-custodial, on-chain systems.
Market Context
- Launch indicates growing interest in Bitcoin-native DeFi solutions beyond Ethereum.
- Aims to make Bitcoin a productive asset in decentralized markets, enhancing on-chain liquidity and yield generation.