Legion has teamed up with Kraken to introduce its new sales platform. Their debut project? @yieldbasis. If there's one thing I've learned, it's that platforms ensure their inaugural sale is a success. On October 1st, they will launch their token sale on @legiondotcc, and this is the first sale on Legion’s new platform. The project behind it is special. Because @newmichwill, an extraordinary individual who is the founder of @CurveFinance, is the one launching @yieldbasis. Curve is one of the most important projects in DeFi, and YieldBasis is coming from the same team. That alone should make people pay attention. So what’s YieldBasis solving? The biggest concern for LPs in DeFi: impermanent loss. YieldBasis is developing a new AMM model to eliminate IL. You don't need to deposit two assets; you just add BTC. Behind the scenes, the protocol borrows an equal amount of crvUSD, provides liquidity to the pair, and locks the position as collateral. The result is a 200%...
17.73K
141
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.