Gate News Bot Report, February 12 — According to CoinMarketCap data, as of press time, YB (YieldBasis) is trading at $0.20, up 18.51% over the past 24 hours. The price reached a high of $0.20 and a low of $0.13. The current market capitalization is approximately $17.4 million, an increase of $2.72 million from yesterday.
YieldBasis is a DeFi platform that derives yields from market volatility. Users can earn returns through trading profits or token rewards, with trading profits generated from market activity and token rewards earned by depositing liquidity to receive YB tokens. The platform currently manages a total value locked (TVL) of $175 million, offering four active markets with a maximum market yield of 43%. Supported assets include mainstream cryptocurrencies such as cbBTC, tBTC, WBTC, and WETH, allowing users to choose different yield strategies based on their needs.
Important recent news about YB:
1️⃣ Strengthening market confidence through founding team background
YieldBasis is led by Michael Egorov, the founder of Curve Finance. His extensive experience and success in the DeFi space add significant trust to the project. This strong team background provides a foundation of confidence for market participants and helps attract institutional and professional investors.
2️⃣ Expansion of exchange liquidity
YieldBasis has been listed on multiple major exchanges. The increase in trading pairs and liquidity ensures easier trading of the token. Broader trading channels boost market participation and positively influence price volatility.
3️⃣ Market demand for DeFi yield products
The platform’s innovative mechanism, which derives yields from market volatility, combined with a market yield of up to 43%, fully meets DeFi users’ demand for diversified yield strategies. The $175 million TVL reflects market recognition of these products and provides fundamental support for the YB token price.
This news is not investment advice. Investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
NEAR (NEAR Protocol) rose 19.38% in the past 24 hours
Gate News Bot Message, March 3rd, according to CoinMarketCap data, as of press time, NEAR (NEAR Protocol) is trading at $1.40, up 19.38% in the past 24 hours, reaching a high of $1.40 and a low of $0.96. The 24-hour trading volume is $662 million. The current market capitalization is approximately $1.805 billion, an increase of $293 million from yesterday.
NEAR is a modular high-speed protocol designed for AI, positioned as the execution layer for AI-native applications. NEAR Protocol aims to create an open AI economy system, where AI serves users rather than platforms. Intelligent agents can own assets, make decisions, and freely cross-chain trade.
NEAR uses a dynamic sharding system to achieve global-level performance, with finality times under 600 milliseconds, supporting
GateNews3m ago
SIREN (siren) 24-hour increase of 96.57%
Gate News Bot Message, March 3rd, according to CoinMarketCap data, as of press time, SIREN (siren) is currently priced at $0.46, up 96.57% in the past 24 hours, with a high of $0.54 and a low of $0.23. The 24-hour trading volume reached $52 million. The current market capitalization is approximately $333 million, an increase of $164 million from yesterday.
SirenAI is the first AI analyst agent project deployed on the BNB Chain, inspired by the Sirens from Greek mythology, integrating their dual nature into an innovative crypto experience. The core of the project is the SirenAIAgent, an AI-driven entity with a dual personality.
SIREN AI Trade combines advanced AI algorithms with automated trading, analyzing blockchain data and market information in real time.
GateNews10m ago
Market Report: Top 5 Cryptocurrency Gainers on March 3, 2026, led by NEAR Protocol
GateNews14m ago
U.S. Court Rules: Uniswap is Not Responsible for Scam Tokens; Open-Source Smart Contracts Are Neutral Tools
A New York federal judge dismissed the class-action lawsuit against Uniswap, ruling that open-source smart contract developers are not responsible for third-party scam tokens. This sets a legal precedent for the DeFi industry. The judge emphasized that Uniswap is a neutral tool, and developers must clearly distinguish themselves from illegal activities. The ruling provides legal protection for open-source software and encourages users to conduct their own risk assessments.
動區BlockTempo14m ago
FAI (Freysa) has increased by 122.64% in the past 24 hours, with a market capitalization of approximately $26.5 million.
Freysa (FAI) has recently surged by 122.64%, with a market capitalization of $26.5 million, reflecting the current craze for decentralized AI projects. The project focuses on digital twins and autonomous cognition, building three core components: Freysa, Esper, and Silo, and has outlined a phased development roadmap to boost market confidence. However, investors should exercise caution and be aware of the risks.
GateNews36m ago
Gate Daily (March 3): MicroStrategy buys 3,015 Bitcoins on dips; Nasdaq enters prediction market
Bitcoin has recently rebounded strongly, reaching $68,990, with MicroStrategy increasing its Bitcoin holdings to over 720,000 coins. Nasdaq plans to launch binary options contracts to enter the prediction market. Additionally, the market is affected by tensions between the US and Iran, with investor sentiment leaning towards caution. Future data, including economic indicators from the Eurozone and the United States, will become the focus of attention.
MarketWhisper39m ago
