Curve Founder Michael Egorov Launches Yield Basis: Bitcoin On-Chain Yields Set to Skyrocket
DeFi heavyweight Michael Egorov just dropped a yield bomb on Bitcoin—and traditional finance might need smelling salts.
The Yield Basis Revolution
Curve's mastermind bypasses conventional yield farming with a fresh protocol designed specifically for Bitcoin's blockchain. No more settling for pathetic single-digit returns when the blockchain can work harder.
How It Cuts Through the Noise
The system leverages Bitcoin's native capabilities to generate yields that actually compete with Ethereum's DeFi ecosystem. Finally—Bitcoin holders get to participate in real yield generation without wrapping their assets six ways to Sunday.
The Cynical Take
Because apparently Wall Street's 2% 'high-yield' savings accounts weren't embarrassing enough already. Egorov's move proves that if you want actual returns in 2025, you build the infrastructure yourself.
Yield Basis doesn't just enable better returns—it forces the entire sector to level up. Bitcoin's about to earn its keep.
Tackling Bitcoin’s yield problem
For years, bitcoin investors have had few options to earn meaningful on-chain returns. Lending platforms typically offered under 1%, while liquidity pools exposed users to IL whenever token prices diverged. Even under favorable conditions, yields rarely exceeded 1–2%.
Yield Basis aims to rewrite that equation by eliminating IL altogether, allowing deeper BTC liquidity to FLOW on-chain and creating yield opportunities attractive enough for institutional players.
Early launch with capped pools
To manage adoption, the protocol is debuting with three pools capped at $1 million each. Egorov says the model borrows heavily from Curve’s battle-tested design, incorporating a vote-escrow system (veYB) for governance. Token holders must lock YB to participate in governance and receive protocol fees, which can be distributed in Curve’s crvUSD stablecoin or wrapped Bitcoin.
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Value-protecting incentives
Unlike many DeFi protocols that flood markets with token rewards, Yield Basis ties incentives directly to yield performance. Egorov describes the system as “value-protecting,” ensuring liquidity providers are rewarded sustainably rather than through unsustainable emissions.
With its focus on Bitcoin and institutional-grade design, Yield Basis positions itself as a fresh contender in the race to unlock DeFi-native returns without the risks that have long limited adoption.
