Gate News Bot Message, February 12th, according to CoinMarketCap data, as of press time, YB (YieldBasis) is currently trading at $0.20, up 18.51% in the past 24 hours, with a high of $0.20 and a low of $0.13. The current market cap is approximately $17.4 million, an increase of $2.72 million from yesterday.
YieldBasis is a DeFi platform that generates returns based on market volatility. Users can earn rewards through trading profits or token rewards, with trading profits coming from market activity and token rewards obtained by depositing liquidity to earn YB tokens. The platform currently manages a total value locked (TVL) of $175 million, offering 4 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.