Michael Egorov, founder of Curve Finance, has launched a new DeFi project called Yield Basis, aimed at addressing the long-standing issue of impermanent loss in decentralized finance through leveraged liquidity. The protocol employs 2x leverage, usually implemented via Curve's crvUSD stablecoin, to utilize liquidity in various ways.

<p><img>Curve Finance founder Michael Egorov’s new project, Yield Basis, is designed to address the persistent challenge of impermanent loss in decentralized finance (DeFi) by leveraging liquidity in a different way. In a white paper shared to X, Egorov explained that the protocol uses 2x leverage, typically via Curve’s crvUSD stablecoin, ...</p>
<p>The post <a href="https://unchainedcrypto.com/curve-founders-new-defi-project-wants-to-eliminate-impermanent-loss-with-leveraged-liquidity/">Curve Founder’s New DeFi Project Wants to Eliminate Impermanent Loss With Leveraged Liquidity</a> appeared first on <a href="https://unchainedcrypto.com">Unchained</a>.</p>

Curve founder launches new DeFi project Yield Basis, utilizing leveraged liquidity to eliminate impermanent loss