Yield Basis, a protocol developed by Curve Finance founder Michael Egorov, activated its fee switch on Thursday, becoming the latest crypto protocol to direct revenue to token holders.
Some Yield Basis users have four weeks to claim the more than 17 bitcoins they have accumulated since the protocol's launch in September. These bitcoins were worth nearly $1.60 million on Friday. The proposal to activate the fee switch was unanimously approved by Yield Basis token holders on Wednesday.
Yield Basis activated charge switch
2025-12-06 01:32:39
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