📰 Summary of Yield Basis News📰 📈The most important: protocol generates 12% per year on Bitcoin. Not a simulation, but real numbers from onchain data. 1. Migration to New Pools: A transition to an improved pool version is planned, reducing the volatility of value calculations by a factor of 10. This addresses issues with oracles. 2. Compensation for LP Stakers: Losses for stakers (~54.34 BTC) will be compensated: 43.95 BTC for overpaid admin fees + 26 BTC in YB tokens, resulting in a total profit of ~15.4 BTC. 3. Migration Process: Launch will follow an announcement (48 hours prior). It is automated, but each individual needs to perform it, and quick migration is recommended. 4. Reason for Update: The use of not optimal oracle in the old pool version led to overpayment of admin fees (48.76 BTC instead of 4.81 BTC). The new version resolves this. 5. Future Development: Plans include: switching veYB, scaling TVL to 500 million $, adding ETH pools, improving Curve pools underlying YB, and optimizing for dynamic fees and higher average yield. Details:
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