How To Earn Real Bitcoin Yield Without Impermanent Loss with Michael Egorov

Impermanent loss: crypto's most misnamed problem that has permanently damaged countless liquidity provider portfolios.

In today's episode, Curve founder Michael Egorov reveals his new project, Yield Basis, aimed at eliminating DeFi's persistent impermanent loss problem.

Michael takes us through how his approach uses constant leverage on liquidity tokens to produce Bitcoin yield, without the usual LP risks. His model gives users a choice: earn real yield or governance tokens, with the potential to unlock a more sustainable Bitcoin yield.

Let's get into it.

The Rollup