Introduction to YB (Yield Basis)
OKX is set to enhance its trading platform by introducing YB (Yield Basis) for spot trading. This move signifies the platform’s commitment to expanding its offerings in the rapidly evolving DeFi sector. Yield Basis is a groundbreaking DeFi protocol focused on converting cryptocurrencies into productive assets using an innovative Automatic Market Making mechanism that aims to eliminate impermanent loss, a common issue in liquidity provisioning.
Listing Schedule
The listing process for YB is planned as follows:
- Deposits Open: Oct 14, 2025, at 1:30 PM UTC.
- Call Auction: Oct 15, 2025, from 10:00 AM to 11:00 AM UTC.
- Spot Trading: YB/USDT trading opens at 11:00 AM UTC on Oct 15, 2025.
- Futures Conversion: Premarket futures will transition to standard perpetual futures within three hours after trading starts, contingent on market stability.
- Withdrawals: Available starting at 2:00 PM UTC on Oct 15, 2025.
Features of Yield Basis (YB)
- Asset Name: Yield Basis
- Ticker Symbol: YB
- Blockchain Network: Ethereum
- Contract Address:
0x01791F726B4103694969820be083196cC7c045fF - Price Availability: Users can check the YB price here.
Trading Risk Control Measures
To mitigate risks associated with the initial trading of YB, OKX will enforce several controls during the first five minutes of spot trading:
- No market orders will be permitted.
- Limit orders must not exceed $10,000.
- The maximum net position for any user is capped at $10,000.
These restrictions will be lifted after the initial five minutes, allowing for more flexible trading conditions.
Price Limit Regulations
OKX will implement two main pricing regulations during the first multiple phases of YB trading:
- Closing Price-based Limits: This applies until a stable index price is available. It restricts price movement with maximum bid and minimum ask prices calculated based on closing prices.
- Index-based Limits: Once the index is established, standard limits will apply based on a more stable pricing model.
Understanding the Call Auction Mechanism
A call auction will govern the initial trading of YB/USDT to ensure orderly market opening. It allows users to submit buy and sell orders before the trading begins:
- Auction Duration: Lasts for one hour.
- Order Limitations: Each user is limited to buy orders totaling $50,000 during the auction period, and last-minute orders cannot be altered.
Learn more about the call auction mechanism here.
YB Standard Perpetual Futures
YB premarket futures will convert to standard perpetual futures shortly after trading kicks off. Here are the essential details:
- Underlying Asset: YB/USDT index
- Settlement in: USDT
- Price Quotation: Value in USDT equivalent of 1 YB
- Leverage Options: Users can leverage positions between 0.01 and 50x
- Trading Hours: 24/7 trading availability
Position Limit Tiers for Futures
Futures trading will be subjected to tiered position limits based on contract sizes, managing margin rates (MMR) and initial margin rates (IMR) as outlined below:
| Tier | Max Open Positions (Contracts) | MMR | IMR | Max Leverage |
|——|——————————-|——|——|————–|
| 1 | 2,500 | 1.00%| 2.00%| 50.00 |
| 2 | 5,000 | 1.50%| 2.50%| 40.00 |
| 3 | 10,000 | 3.00%| 5.00%| 20.00 |
| 4 | Increases by 10,000 from the previous tier | Increases by 0.5% | Increases by 0.5% | Max. leverage of the tier |
Position tiers will be adjusted as needed based on market conditions and trader demand.
Risk Disclosure
This announcement is for informational purposes and should not be regarded as investment advice. As always, potential investors should conduct their own research before participating in cryptocurrency markets. Be mindful of the high volatility and risks associated with digital asset investments.
For investors looking to engage with YB or for any inquiries, help is available through the OKX Support Center or via their community channels.
Conclusion
The introduction of YB (Yield Basis) to OKX marks an innovative step in the DeFi ecosystem, providing users with new trading opportunities and making cryptocurrency investments more productive. With careful implementation of trading strategies and risk management, users can leverage these developments for potential profitability in their trading operations.