Just finished the full @edge_pod podcast with Michael Egorov, founder of @CurveFinance and wow, His new project @yieldbasis might actually redefine BTC yield in DeFi. The title Is This The Next Best BTC Yield in DeFi? barely captures it. Hosted by @DeFi_Dad and @Nomaticcap , the episode dives deep into how Yield Basis hit its $150M cap instantly all built around one bold idea a sustainable 20–35% APY on Bitcoin without token inflation or fake rewards. 🌟The Problem BTC yield today is awful. ~ Aave gives you ~0.2%. ~ Restaking? Michael calls them token printers. ~ LPing BTC/USDC? You lose to impermanent loss. He even said Uniswap V3 isn’t made for normal users it’s too hard to profit. 🌟The Magic of Yield Basis Michael’s idea fixes the math behind LP losses. In typical LPs, your position value follows the square root of price that’s why you miss BTC upside. Yield Basis uses automated 2x leverage to “square” that curve, perfectly canceling impermanent loss. Result: your position tracks BTC 1:1 while earning trading fees a real, sustainable yield powered by market volatility. Live data from the first $150M shows around 20% yield with no token incentives. 🌟The Risks It’s not risk-free. ~ A sudden, permanent BTC crash could hurt positions. ~ If it grows too big (say, $50B+ TVL), it might dampen BTC volatility and reduce yield. But unlike Terra, this yield comes from real trading activity, not printing tokens. 🌟Tokenomics & What’s Next Michael launched a new YB token, a “refactored” version of Curve’s ve-model: ~ Immediate voting (no “Thursday votes”) ~ No boost mechanic → simpler, fairer ~ Users lock YB to direct rewards to their own pools Next steps: expanding to ETH, tokenized gold, and integrations with Pendle for fixed yields. Bottom line: Yield Basis isn’t chasing hype it’s re engineering how BTC earns real yield. Thanks for this Great Podcast With @newmichwill @Nomaticcap And @DeFi_Dad