
haowi.eth🦙🦙🦙🚀🚀🚀|Aug 22, 2025 21:40
Clarification on some misunderstandings about @yieldbasis:
1) The controversy over the collateralization ratio
Some interpretive articles have distorted the structure of collateralizing BTC-crvUSD LP to borrow crvUSD with 2x leverage into a 1:1 minting model, even steering readers toward the Luna narrative, attempting to equate Yb with Luna.
In reality, anyone with basic reading comprehension can clearly understand that this structure is explicitly 200% over-collateralized.
(1/n)
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