Curve Founder Michael Egorov Launches Bitcoin Yield Platform

Curve founder Michael Egorov has launched Yield Basis, a Bitcoin-focused protocol designed to offer on-chain yield through a new AMM model.

Curve Finance founder Michael Egorov has launched Yield Basis, a decentralized platform designed to generate Bitcoin yield directly on-chain. The protocol introduces an updated automated market maker model aimed at removing impermanent loss, a common issue for liquidity providers in decentralized finance.

Architecture and Governance
Yield Basis pairs Bitcoin with stable assets in pools that automatically rebalance exposure to maintain stable returns. Governance operates under a veToken model, giving users greater voting power when locking tokens for longer periods.

Funding and Focus
The project has raised initial seed capital and targets professional and institutional users seeking predictable Bitcoin yield through non-custodial, on-chain systems. It focuses on creating transparent yield mechanisms without centralized risk.

Market Context
The launch reflects growing momentum for Bitcoin-native DeFi solutions as the sector diversifies beyond Ethereum. Yield Basis aims to establish Bitcoin as a productive asset within decentralized markets, expanding the base for on-chain liquidity and yield generation.