#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww
Curve Founder’s New DeFi Project Wants to Eliminate Impermanent Loss With Leveraged Liquidity - Unchained
Curve Finance founder Michael Egorov’s new project, Yield Basis, is designed to address the persistent challenge of impermanent loss in decentralized finance (DeFi) by leveraging liquidity in a different way.
In a white paper shared to X, Egorov explained that the protocol uses 2x leverage, typically via Curve’s crvUSD stablecoin, to to keep positions closer to market prices and reduce the effects of impermanent loss.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
Yield Basis also tokenizes liquidity positions into yield-bearing assets (like ybBTC and ybETH), which can be staked for additional rewards.
The project raised $5 million at a $50 million valuation, with strong investor interest and a token (YB) vesting schedule that includes a six-month cliff followed by two years of linear release. It is currently in a “test-in-production” phase, with audits and testing underway before a full-scale launch.