Yield Basis
YB
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Yield Basis price
in USD$0.5639
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USD
Last updated on --.
Market cap
$49.93M #164
Circulating supply
87.91M / 1B
All-time high
$0.845
24h volume
$134.84M
About Yield Basis
Yield Basis’s price performance
Past year
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3 months
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30 days
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7 days
+34.58%
$0.42
Yield Basis on socials
🚨 $185,000 of @yieldbasis $YB incentives just deposited on @VotiumProtocol for $vlCVX voters!
I believe these are the first-ever $YB bribes on Votium.
3 pools incentivized:
* FRXUSD + CRVUSD
* USDT + CRVUSD
* USDC + CRVUSD
Let's see how this affects Round 108 overall. The last few rounds have seen a decline in total incentives.
Some people ask why not directly transfer funds to the smart contract to mint, but instead go through the x402 protocol to route through the server. Let me explain:
1. Smart contracts cannot perform operations that require off-chain identity verification, such as the recent fundraising for $YB, which was verified through platforms like legionCC. After verification, a quota and token transfer were provided, but it required an advance transfer of U. If using x402, you only need to sign the U that needs to be paid, and the $PONG contract checks the mint quantity off-chain.
2. Simplifying the design of the smart contract allows complex rules to be completed off-chain, which is also beneficial for web2 companies to use the x402 protocol.
3. If an agent is auditing the payment, this design process is the only option, so this is a very simple demo that demonstrates a reasonable process for making payments using any token that supports EIP-3009.
Sam(👅,🦑)
Based on the x402 protocol, pay $PING, Mint $PONG, this kind of $PONG is paired with $PING 👩❤️👨👩❤️👨
A little knowledge:
The $PING contract comes with a receiveWithAuthorization interface, which can only be called by the payee. If the payee is a smart contract, it can complete both the payment and Mint within the contract, so there's no need to worry about paying and not receiving the goods.
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Yield Basis FAQ
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Dive deeper into Yield Basis
Yield Basis is a DeFi protocol that aims to turn crypto into productive assets using an original Automatic Market Making mechanism without impermanent loss.
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$49.93M #164
Circulating supply
87.91M / 1B
All-time high
$0.845
24h volume
$134.84M
