幣安、DeFi 和收益基礎：加密貨幣新時代？

探索幣安上 Yield Basis (YB) 的興起、其對 DeFi 的影響以及加密世界中收益生成的未來。 YB 會是下一個大事件嗎？

Binance, DeFi, and Yield Basis: A New Era of Crypto?

幣安、DeFi 和收益基礎：加密貨幣新時代？

Yo, crypto fam! The DeFi scene is always poppin', and Binance is right in the thick of it. Let's break down what's been going on with Yield Basis (YB) and why it's got everyone talking.

喲，加密貨幣家族！ DeFi 場景總是很流行，而幣安正是其中的佼佼者。讓我們來分析一下收益率基礎（YB）的最新情況以及為什麼它引起了每個人的討論。

What's the Deal with Yield Basis (YB)?

收益率基礎 (YB) 有什麼關係？

Yield Basis (YB) launched on October 15, 2025, aiming to shake up the DeFi world by tackling a major pain point: impermanent loss. This protocol lets liquidity providers leverage their positions to potentially boost returns on assets like Bitcoin. Basically, it's about maximizing gains while minimizing risks in those crazy liquidity pools.

Yield Basis（YB）於 2025 年 10 月 15 日推出，旨在通過解決一個主要痛點：無常損失來撼動 DeFi 世界。該協議允許流動性提供者利用其頭寸來潛在地提高比特幣等資產的回報。基本上，這是關於在那些瘋狂的流動性池中最大化收益，同時最小化風險。

YB allows liquidity providers to deploy 2x leveraged positions using crvUSD borrowing, maintaining a 50% debt and 50% equity ratio. The coolest thing about this is the auto-rebalancing, which helps track the underlying asset closely. Plus, you earn those sweet Curve trading fees while dodging the usual impermanent loss headaches.

YB 允許流動性提供者使用 crvUSD 借款部署 2 倍槓桿頭寸，維持 50% 的債務比率和 50% 的股本比率。最酷的事情是自動重新平衡，這有助於密切跟踪基礎資產。另外，您還可以賺取甜蜜的曲線交易費用，同時避免通常的無常損失頭痛。

Binance and the YB Launch

幣安和 YB 發布

Binance jumped on the YB train with its HODLer Airdrops initiative, rewarding BNB loyalists. If you were staking BNB between October 9 and 11, you were in line for some free YB tokens. The launch was smooth, with YB hitting multiple trading pairs like USDT, USDC, BNB, FDUSD, and even TRY.

幣安通過 HODLer 空投計劃搭上 YB 列車，獎勵 BNB 忠實用戶。如果您在 10 月 9 日至 11 日期間質押 BNB，那麼您將有機會獲得一些免費的 YB 代幣。上線很順利，YB 上線了 USDT、USDC、BNB、FDUSD 甚至 TRY 等多個交易對。

But Binance wasn't the only player. YB also listed on other exchanges like ONUS, BitMart, Kraken, Bybit, Gate, KuCoin, and MEXC. The pre-market price hit $1.03, giving it a fully diluted valuation of over $1 billion! That's some serious hype.

但幣安並不是唯一的參與者。 YB還在ONUS、BitMart、Kraken、Bybit、Gate、KuCoin和MEXC等其他交易所上市。上市前價格達到 1.03 美元，完全攤薄後估值超過 10 億美元！這是一些嚴重的炒作。

Tokenomics: How It All Works

代幣經濟學：它是如何運作的

YB operates with a fixed supply of one billion tokens, distributed across liquidity incentives, the team, ecosystem development, investors, and community partnerships. The emission schedule is designed for long-term growth, with gradual liquidity incentives and vesting periods to keep everyone aligned. Plus, holding vote-locked YB tokens (veYB) gives you a say in governance and a share of platform fees.

YB 擁有 10 億枚固定供應量的代幣，分佈在流動性激勵、團隊、生態系統開發、投資者和社區合作夥伴中。排放計劃是為了長期增長而設計的，具有漸進的流動性激勵和歸屬期，以使每個人都保持一致。另外，持有投票鎖定的 YB 代幣（veYB）可以讓您在治理和分享平台費用方面擁有發言權。

Why YB Matters in the DeFi Game

為什麼 YB 在 DeFi 遊戲中很重要

Impermanent loss is a buzzkill, and YB is trying to fix it. By using auto-rebalancing and a 50/50 debt-to-equity setup, users can benefit from price movements without getting wrecked by excessive risk. Plus, YB works across multiple blockchains, like Ethereum and BNB Smart Chain, making it super accessible.

無常損失是一個熱門話題，YB 正在努力解決這個問題。通過使用自動再平衡和 50/50 的債轉股設置，用戶可以從價格變動中受益，而不會因過度風險而受到破壞。此外，YB 可跨多個區塊鏈運行，例如以太坊和 BNB 智能鏈，使其超級易於訪問。

The Broader DeFi Landscape

更廣泛的 DeFi 格局

While YB is making waves, the whole DeFi market is a rollercoaster. Coins like Cardano and Binance Coin (BNB) are facing volatility. BNB, despite some dips, is still showing strength, with analysts predicting it could reach as high as $2,400.

在YB掀起波瀾的同時，整個DeFi市場卻是坐過山車。卡爾達諾和幣安幣（BNB）等代幣正面臨波動。 BNB 儘管出現了一些下跌，但仍然表現出強勢，分析師預測其可能高達 2,400 美元。

And let's not forget the meme coins! Pump.fun’s native token PUMP has quickly become one of the most talked-about memecoins in the Solana ecosystem. Built as a creator-first launchpad, Pump.fun lets communities directly back their favorite creators while sharing in their success.

我們不要忘記模因幣！ Pump.fun 的原生代幣 PUMP 已迅速成為 Solana 生態系統中最受關注的 memecoin 之一。 Pump.fun 作為創作者優先的啟動板而構建，讓社區可以直接支持他們最喜愛的創作者，同時分享他們的成功。

Final Thoughts: Is YB the Future?

最後的想法：YB 是未來嗎？

The successful launch of Yield Basis sets a high bar for DeFi projects. Its unique mechanism for mitigating impermanent loss, combined with leveraged liquidity positions, makes it a potential game-changer. But, like anything in crypto, long-term success depends on continued adoption, market trends, and community engagement.

Yield Basis的成功上線為DeFi項目樹立了很高的標準。其獨特的減輕無常損失的機制與槓桿流動性頭寸相結合，使其成為潛在的遊戲規則改變者。但是，就像加密領域的任何事物一樣，長期成功取決於持續採用、市場趨勢和社區參與。

So, is YB the next big thing? Maybe. But one thing's for sure: the DeFi world never sleeps. Keep your eyes peeled, do your research, and stay safe out there, crypto cowboys and cowgirls!

那麼，YB 會是下一個大事件嗎？或許。但有一件事是肯定的：DeFi 世界永不停歇。加密牛仔和女牛仔們，請擦亮眼睛，做好研究，並保持安全！