YieldBasis (YB) Set to Launch on Kraken for Trading

YieldBasis (YB), the first token to be launched on Kraken’s new platform, Kraken Launch, will soon be available for trading. According to an announcement here, deposits for YB will open on October 15, 2025, at approximately 10:00 UTC, with trading commencing an hour later at 11:00 UTC.

To deposit YB into a Kraken account, users should navigate to the Funding section, select YieldBasis (YB), and proceed with the deposit. It is important to ensure that deposits are made on the supported network(s), as using other networks may result in the loss of funds.

Understanding YieldBasis and Its Offerings

YieldBasis is a decentralized finance (DeFi) protocol developed by the founder of Curve Finance. It offers a novel approach for Bitcoin (BTC) and Ethereum (ETH) holders to earn sustainable yields. This is achieved by eliminating impermanent loss through a 2x leveraged Curve liquidity pool strategy.

The YB token is central to this system, allowing participants to engage in liquidity provision strategies and access tokenized yield-bearing assets such as ybBTC and ybETH. For those who participated in the token sale, YB tokens have already been credited to their Kraken portfolios and will become tradable once the markets go live.

Kraken Launch: A New Platform for Token Sales

YieldBasis is the inaugural project on Kraken Launch, a platform designed for compliant, fair, and transparent token sales. Kraken Launch offers early access to projects before they are available elsewhere, with tokens sold at a fixed price and no trading fees for Kraken+ subscribers.

Trading via the Kraken App and Instant Buy will be available once liquidity conditions are met, meaning a sufficient number of buyers and sellers must be present for efficient order matching. Geographic restrictions may apply to trading activities.

Kraken has indicated that more assets will be made available in the future, though details will only be disclosed shortly before launch. All available tokens and future listings will be announced on Kraken’s Listings Roadmap and social media profiles.

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