Kraken plans to launch the Bitcoin yield protocol Yield Basis (YB) on Kraken Launch

Kraken announced the launch of the Bitcoin yield protocol Yield Basis (YB) by Curve founder Michael Egorov on the new platform Kraken Launch, which will be sold in two phases and is planned to go live on Kraken trading. YB has received approval from Curve DAO for the crvUSD credit limit proposal.

YB aims to provide BTC-native, fee-driven yield and introduces an automatic re-leveraging mechanism to hedge against AMM curvature risk.