Yield Basis Deposits Jump 120% to $3.8M in 2 Weeks as Users Seek BTC Yield Without Selling

According to Yield Basis, deposits into the protocol's newly launched Hybrid Vaults strategy surged 120% to 3.8 million crvUSD in less than two weeks, as investors seek ways to earn yield on bitcoin and ethereum without sacrificing asset exposure. The protocol's total value locked reached approximately $126 million, with more than $100 million concentrated in BTC pools.

The Hybrid Vaults combine crypto assets with yield-bearing stablecoin positions, allowing users to maintain 1:1 price exposure to BTC and ETH while earning trading fees. Michael Egorov, founder of Curve Finance and Yield Basis, noted that "investors are increasingly looking for ways to generate yield or access liquidity without fully exiting their positions."