Coinbase Lists Yield Basis (YB): DeFi Yield Protocol Goes Live on Spot Trading Amid 2025 Surge

In a significant boost for decentralized finance (DeFi), Coinbase has announced the listing of Yield Basis (YB), the native token of a pioneering yield protocol, enabling spot trading with the YB-USD pair. As of October 16, 2025, trading will commence later today once liquidity conditions are met in supported regions, marking a key milestone for the project founded by Curve Finance co-creator Michael Egorov. With YB’s fully diluted valuation (FDV) at $200 million and a circulating market cap around $71 million at $0.82 per token, this Coinbase integration follows rapid listings on Binance, Bybit, OKX, and KuCoin. Amid a crypto market rebound from last week’s $19 billion liquidation cascade, YB’s debut underscores growing institutional interest in DeFi innovations that eliminate impermanent loss and optimize BTC/ETH yields.

Yield Basis (YB): Curve’s Legacy Meets Modern DeFi

Yield Basis builds on Curve’s stablecoin trading mechanics, introducing an Automated Market Maker (AMM) that allows liquidity providers to earn fees in BTC/ETH or YB tokens while avoiding impermanent loss through dynamic rebalancing. Users deposit assets like wBTC or cbBTC into pools, receiving LP tokens that can be staked for emissions and governance via veYB. The protocol’s gauge voting directs incentives, and a dynamic admin fee shares revenue with stakers. Total supply: 1 billion YB, with emissions decaying exponentially for sustainability. Early adopters via Launchpool events on Binance have positioned YB for up to 15% APY in staking rewards, aligning with 2025’s DeFi trends where TVL exceeds $150 billion and RWA tokenization accelerates.

• Key Innovation: No impermanent loss; dual earning in native assets or YB.
• Token Utility: Governance, staking emissions, and fee discounts.
• Market Metrics: 24H volume $38M+; down 12% but resilient post-launch.
• Ecosystem Ties: Curve licensing; integrations with lending protocols like Aave.

Trading Outlook: Volatility and Opportunities on Coinbase

YB’s Coinbase spot listing could spark a 20-30% pump if liquidity flows in, with perpetual futures already live since 14:00 UTC. Short-term: Long above $0.85 targeting $1.00 on volume spikes, stops below $0.75 (5% risk). Conservatives: Stake for yields, blending with BTC/ETH for hedges. Risks include post-TGE dumps and tariff volatility, but fundamentals favor $1.50 by Q1 2026.