Kraken announces the launch of Yield Basis (YB), a Bitcoin yield protocol introduced by Curve founder Michael Egorov, on its new platform Kraken Launch. The sale will be conducted in two phases, with plans to list YB for trading on Kraken. YB has already received approval from the Curve DAO for the crvUSD credit limit proposal. YB aims to provide native BTC, fee-driven yields, and introduces an automatic re-leveraging mechanism to hedge AMM curvature risks. (Blockworks) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=49142