Yield Basis (YB) Gains 17% After Securing Upbit Listing

Yield Basis (YB) experienced a significant price increase of over 17%, reaching $0.43, after Upbit, South Korea's largest cryptocurrency exchange, announced it would list YB with YB/BTC and YB/USDT trading pairs starting December 26 KST. Trading volume also saw a 169% surge. Upbit detailed specific listing procedures, including network requirements (Ethereum) and temporary trading restrictions for the first few minutes to manage volatility. This listing coincides with strong growth for the Yield Basis protocol, an on-chain liquidity solution allowing Bitcoin provision to AMM pools without impermanent loss, as its Total Value Locked (TVL) rapidly grew from $30 million in October to over $200 million currently. Market participants are now observing if this momentum can be sustained amidst upcoming token unlocks and competition.

(Source：BeInCrypto)