Yield Basis

Yield Basis (YB) distinguishes itself as a technically superior DeFi protocol, heavily bolstered by the pedigree of its founder, Michael Egorov (Curve Finance), and a high-assurance codebase. The project addresses the critical issue of Impermanent Loss with a novel, audit-verified AMM structure, resulting in exceptional scores for Active Development, Security, and Market Use Case. The tokenomics are sophisticated, utilizing a 'mining cost' mechanism and the ve-model to align long-term incentives, though the high concentration of insider ownership is a notable centralization risk. The primary drag on the evaluation is Community Support; despite massive initial reach and institutional backing, the project suffers from weak organic engagement and poor post-launch price performance. Overall, YB represents a high-conviction fundamental play where technical excellence and team credibility currently outweigh temporary market sentiment issues.