Yield Basis' IL-free AMM tops BTC DEX; $450,000 distributed week ending Dec. 25

Yield Basis introduces an IL-free AMM that removes impermanent loss via leverage and offers BTC-denominated returns to liquidity providers. LPs can either hold ybBTC to receive trading fees in BTC or stake ybBTC to earn YB emissions, with the fee switch activated earlier this month. Roughly $450,000 was distributed in the week ending Dec. 25.