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Boop.Fun leading the way with a new launchpad on Solana.
Yield Basis returns are looking very good again.
If you check their website, yields are back to double digits in the yield bearing version, with some cases paying nearly 22% APY.
However, jumping from the staked version to this one only makes sense if you expect volatility to continue, as that is what generated these returns.
The market sentiment is shifting. Recently, I mentioned that 90% of the BTC on the platform was staked.
That has now dropped to 80% as users move toward the other option expecting more volatility. However, the yield for the staked version will likely spike this week due to higher fees too.
The APY for the token should skyrocket this epoch, which could attract buyers. The token price may pump, and having less BTC on this side of the balance could improve our returns, but we must remain cautious.
Thanks @vasily_sumanov for the image.
As you know, the token faces massive inflation this year, over 100%. The yield needs to be extremely high to justify buying and locking the token.
I see long-term potential, but you have to weigh the cash flow against this inflation.
Currently, the pools are also unbalanced. In the cbBTC pool where I am positioned, 68% is cbBTC and the rest is crvUSD.
We need to wait for arbitrageurs to balance this out. If you try to withdraw now, the exit loss would be significant, which has caused some complaints.
This imbalance is likely taking longer due to the recent crvUSD depegs. I think, it created a cascade effect that slowed down the pool rebalancing.
I am sure the team is working to make this process smoother; these stress tests are essential for improving @yieldbasis for future scenarios.



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