Curve Co-Founder Michael Egorov Introduces Yield Basis Project

Michael Egorov, co-founder of Curve, has unveiled a new initiative named Yield Basis, aimed at expanding DeFi capabilities.

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Terms & Concepts
  • DeFi: Short for decentralized finance, it refers to financial services built on blockchain technology that operate without traditional intermediaries like banks.
  • Yield: In cryptocurrency and DeFi, yield refers to the earnings generated from investments such as lending, staking, or providing liquidity.
  • Curve: A decentralized exchange optimized for stablecoin trading, known for providing low slippage swaps within the DeFi ecosystem.