YieldBasis is a decentralized yield protocol. YieldBasis enables users to provide BTC as liquidity in an AMM pool without impermanent loss (IL), while still earning trading fees. YieldBasis makes LP positions move 1:1 with BTC (no IL) by pairing BTC with borrowed crvUSD and keeping the position at a constant 2× compounding leverage.YieldBasis generates trading fees from the underlying BTC/crvUSD pool and distributes 50% of them to unstaked ybBTC holders and veYB holders based on a dynamic admin fee. The other 50% goes into rebalancing the pool .