Yield Basis has activated the Fee Switch, and eligible users are now able to share a portion of the 17 BTC revenue accumulated by the protocol since September.

By: theblockbeats.news|2025/12/06 09:45:58

0

Share

copy

BlockBeats News, December 6th, the protocol Yield Basis, developed by Curve Finance founder Michael Egorov, activated its fee switch on Thursday, becoming the latest cryptocurrency protocol to direct revenue to token holders. Some Yield Basis users have four weeks to claim over 17 bitcoins accumulated since the protocol's launch in September. These bitcoins were worth nearly $1.6 million on Friday. The proposal to activate the fee switch was unanimously approved by Yield Basis token holders on Wednesday.

-- Price

You may also like

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?

The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.

BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?

BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?

This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.

50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?

50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?

Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.

The Cryptographic Past of the Middle East

The Cryptographic Past of the Middle East

Reality is often more exciting than fiction.

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech

AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Vitalik wrote a proposal teaching you how to secretly use AI large models

Vitalik wrote a proposal teaching you how to secretly use AI large models

Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.

On the eve of the explosion of on-chain options

On the eve of the explosion of on-chain options

Options are becoming a new anchor in the cryptocurrency market.

WEEX AI Hackathon: How Did This AI Trading Winner Succeed?

WEEX AI Hackathon: How Did This AI Trading Winner Succeed?

A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.

One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition

One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition

Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.

That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze

That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze

A skilled person never picks the table, they eat meat with every bite.

Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path

Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path

When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?

Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"

Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"

「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.

Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments

Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments

Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.

From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units

From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units

When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.

Why is OpenAI playing catch-up to Claude Code instead?

Why is OpenAI playing catch-up to Claude Code instead?

Anthropic Bets Earlier on AI Programming, OpenAI Strategic Tempo Misaligned

Vitalik wrote a proposal teaching you how to secretly use AI large models

Vitalik wrote a proposal teaching you how to secretly use AI large models

Vitalik believes that in the AI era, users should not have to sacrifice their identity to use an AI tool.

The doubling of Circle's stock price and the paradigm shift of stablecoins

The doubling of Circle's stock price and the paradigm shift of stablecoins

The initial investments from Circle and Stripe, whether it is the R&D expenses for Arc, the high financing costs associated with Tempo, or the billion-dollar acquisitions of Bridge-type assets, are more akin to "placement fees" rather than commercially recoverable investments in the short term.

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?

The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.

BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?

This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.

50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?

Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.

The Cryptographic Past of the Middle East

Reality is often more exciting than fiction.

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech

AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Popular coins

Latest Crypto News

05:01

Lebanon and Israel to Hold Direct Talks Soon

BlockBeats News, March 15th, according to sources from Israel, Israel and Lebanon are expected to hold direct talks in the coming days. Sources say that Jared Kushner, son-in-law of U.S. President Trump, will participate in the talks, which may take place in Paris or Cyprus. Ron Dermer, a close ally...

04:42

Data: In the past 24 hours, the total liquidation across the network was 102 million USD, with long positions liquidated at 74.7722 million USD and short positions liquidated at 27.5406 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $102 million, with long positions liquidated at $74.77 million and short positions liquidated at $27.54 million. Among them, Bitcoin long positions were liquidated at $20.39 million, Bitcoin short positio...

02:42

Data: If BTC breaks through 74,100 USD, the cumulative short liquidation intensity on mainstream CEX will reach 1.107 billion USD

According to Coinglass data, if BTC breaks through $74,100, the cumulative short liquidation intensity on mainstream CEX will reach $1.107 billion. Conversely, if BTC falls below $67,620, the cumulative long liquidation intensity on mainstream CEX will reach $1.014 billion.

02:42

Data: If ETH breaks through 2,176 USD, the cumulative short liquidation intensity on mainstream CEX will reach 715 million USD

According to Coinglass data, if ETH breaks through $2,176, the cumulative short liquidation intensity on mainstream CEX will reach $715 million. Conversely, if ETH falls below $1,981, the cumulative long liquidation intensity on mainstream CEX will reach $549 million.

01:42

Data: ETH total network contract positions decreased by 8.25% in 24 hours

According to Coinglass data, the total contract open interest for ETH has decreased by 8.25% in the past 24 hours, with the current total open interest at $27.907 billion. Among them, Binance's open interest is $5.97 billion, OKX's open interest is $1.91 billion, Bybit's open interest is $2.103 bill...