币安、DeFi 和收益基础：加密货币新时代？

探索币安上 Yield Basis (YB) 的兴起、其对 DeFi 的影响以及加密世界中收益生成的未来。 YB 会是下一个大事件吗？

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

币安、DeFi 和收益基础：加密货币新时代？

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.

哟，加密货币家族！ DeFi 场景总是很流行，而币安正是其中的佼佼者。让我们来分析一下收益率基础（YB）的最新情况以及为什么它引起了每个人的讨论。

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

收益率基础 (YB) 有什么关系？

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）于 2025 年 10 月 15 日推出，旨在通过解决一个主要痛点：无常损失来撼动 DeFi 世界。该协议允许流动性提供者利用其头寸来潜在地提高比特币等资产的回报。基本上，这是关于在那些疯狂的流动性池中最大化收益，同时最小化风险。

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 允许流动性提供者使用 crvUSD 借款部署 2 倍杠杆头寸，维持 50% 的债务比率和 50% 的股本比率。最酷的事情是自动重新平衡，这有助于密切跟踪基础资产。另外，您还可以赚取甜蜜的曲线交易费用，同时避免通常的无常损失头痛。

Binance and the YB Launch

币安和 YB 发布

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.

币安通过 HODLer 空投计划搭上 YB 列车，奖励 BNB 忠实用户。如果您在 10 月 9 日至 11 日期间质押 BNB，那么您将有机会获得一些免费的 YB 代币。上线很顺利，YB 上线了 USDT、USDC、BNB、FDUSD 甚至 TRY 等多个交易对。

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.

但币安并不是唯一的参与者。 YB还在ONUS、BitMart、Kraken、Bybit、Gate、KuCoin和MEXC等其他交易所上市。上市前价格达到 1.03 美元，完全摊薄后估值超过 10 亿美元！这是一些严重的炒作。

Tokenomics: How It All Works

代币经济学：它是如何运作的

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 拥有 10 亿枚固定供应量的代币，分布在流动性激励、团队、生态系统开发、投资者和社区合作伙伴中。排放计划是为了长期增长而设计的，具有渐进的流动性激励和归属期，以使每个人都保持一致。另外，持有投票锁定的 YB 代币（veYB）可以让您在治理和分享平台费用方面拥有发言权。

Why YB Matters in the DeFi Game

为什么 YB 在 DeFi 游戏中很重要

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.

无常损失是一个热门话题，YB 正在努力解决这个问题。通过使用自动再平衡和 50/50 的债转股设置，用户可以从价格变动中受益，而不会因过度风险而受到破坏。此外，YB 可跨多个区块链运行，例如以太坊和 BNB 智能链，使其超级易于访问。

The Broader DeFi Landscape

更广泛的 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掀起波澜的同时，整个DeFi市场却是坐过山车。卡尔达诺和币安币（BNB）等代币正面临波动。 BNB 尽管出现了一些下跌，但仍然表现出强势，分析师预测其可能高达 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.

我们不要忘记模因币！ Pump.fun 的原生代币 PUMP 已迅速成为 Solana 生态系统中最受关注的 memecoin 之一。 Pump.fun 作为创作者优先的启动板而构建，让社区可以直接支持他们最喜爱的创作者，同时分享他们的成功。

Final Thoughts: Is YB the Future?

最后的想法：YB 是未来吗？

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的成功上线为DeFi项目树立了很高的标准。其独特的减轻无常损失的机制与杠杆流动性头寸相结合，使其成为潜在的游戏规则改变者。但是，就像加密领域的任何事物一样，长期成功取决于持续采用、市场趋势和社区参与。

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!

那么，YB 会是下一个大事件吗？或许。但有一件事是肯定的：DeFi 世界永不停歇。加密牛仔和女牛仔们，请擦亮眼睛，做好研究，并保持安全！