Bybit Announces Listing of YieldBasis (YB)
On October 15, 2025, Bybit will officially list YieldBasis (YB) on its Spot trading platform, expanding the choices available to traders and investors alike.
Introduction to YieldBasis (YB)
YieldBasis is an innovative DeFi protocol built on the infrastructure of Curve Finance. It empowers users to provide liquidity to automated market maker (AMM) pools while minimizing impermanent loss through a 2× compounding leverage mechanism.
Key Features of YieldBasis
- Liquidity Provision: Users can deposit crypto assets and earn based on their liquidity contributions.
- Impermanent Loss Mitigation: The protocol employs mechanisms to reduce the risks typically associated with liquidity provision in AMM environments.
- Token Utility: The YieldBasis LP tokens represent users’ shares in the liquidity pool, creating an additional layer of value for holders.
Listing Timeline
| Event | Date & Time (UTC) |
|——————–|———————|
| YB Deposits Open | October 14, 2025, 10:00 AM |
| YB Listing Date | October 15, 2025, 11:00 AM |
| YB Withdrawals Open | October 16, 2025, 10:00 AM |
Trading Pairs
YieldBasis will be available under the trading pair YB/USDT, offering users the ability to trade with USDT, a stablecoin widely used in the crypto market.
How to Get Started
Investors interested in trading YieldBasis (YB) should prepare by ensuring they have an account on Bybit and are aware of the deposit timelines.
- Deposit Requirements: Deposits and withdrawals involving YB will be available via Ethereum (ETH). Make sure to review Bybit’s guidelines for making transactions.
- Spot Grid Bots: After listing, users can take advantage of Bybit’s Spot Grid Bot feature to automate trading strategies with YB.
Risk Considerations
Investing in cryptocurrencies, including YieldBasis, involves significant risk and may result in the loss of invested capital. It is recommended that investors thoroughly understand the risks and consult financial advice as necessary before engaging in trading activities.
Conclusion
The listing of YieldBasis (YB) marks an important development in Bybit’s commitment to offering diverse trading options and supporting innovative DeFi projects. As this market evolves, keeping informed about new listings and their implications is crucial for all investors.