Yield Basis (YB) is about to launch on the Bybit spot platform

ChainCatcher news, according to the official announcement, Bybit will launch Yield Basis (YB) on the spot market at 11 AM UTC on October 15.

• Open for deposits: October 14, 10:00 (UTC)
• Trading starts: October 15, 11:00 (UTC)
• Open for withdrawals: October 16, 10:00 (UTC)

YieldBasis is an innovative yield aggregation and liquidity management platform that allows users to provide BTC to automated market maker (AMM) pools for liquidity mining, while avoiding the risk of impermanent loss (IL). Users can earn trading fee income while protecting the principal value and flexibly manage their funds to achieve stable passive income.