Yield Basis activates its revenue distribution mechanism, granting veYB token holders a four-week window to claim accumulated BTC since September.
Yield Basis, founded by Curve’s Michael Egorov, has activated its fee switch to direct revenue to veYB governance token holders, according to its official announcement. Users have four weeks to claim over 17 BTC, worth $1.6 million as of Friday, which has been accumulated since September. The initiative aims to enhance participation in YieldBasis DAO and strengthen ties with Curve DAO and the crvUSD ecosystem.