Curve founders launch new project, Yield Basis, and raise $5 million in financing

Curve Finance founder Michael Egorov is preparing a new project, Yield Basis, which aims to help tokenized Bitcoin and Ethereum holders earn market-making gains by reducing erratic losses. The project has successfully raised US$5 million and is being funded at a US$50 million valuation, and is expected to leverage Curve’s CryptoSwap AMM to concentrate liquidity. (TheBlock) 

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