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Kraken to Launch Bitcoin Yield Protocol ‘Yield Basis’ by Curve Founder

Kraken to Launch Bitcoin Yield Protocol ‘Yield Basis’ by Curve Founder

Legion announces conclusion of YB token presale for Yield Basis, with allocation results to be sent within 24 hours, and upcoming first-come-first-served sale round.

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Fact Check
Multiple sources, including CoinDesk and KuCoin news, directly corroborate that Kraken is launching the Bitcoin yield protocol 'Yield Basis', which was created by Curve founder Michael Egorov. The evidence is consistent and strong across all provided articles.
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Summary

The presale for YB tokens of Yield Basis, a Bitcoin yield protocol created by Curve founder Michael Egorov, has concluded. Participants will receive allocation results within 24 hours, and those not allocated can retrieve funds before the first-come-first-served sale round begins.

Terms & Concepts
  • Yield Basis: A Bitcoin yield protocol designed to provide fee-driven yields with an auto-releveraging mechanism, introduced by Kraken Launch and developed by Curve founder Michael Egorov.
  • Kraken Launch: A new public issuance platform by Kraken designed to facilitate token offerings and provide a marketplace for innovative blockchain projects.