Yield Basis

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Tvl is the value of LP tokens in curve pools minus the value of borrowed crvUSD tokens

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Yield Basis's governance or utility token carries a market capitalisation of $12.3M based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($12.3M) is small relative to deposits secured by the protocol ($181.3M); a mcap/TVL multiple of 0.07× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Yield Basis is published as a versioned release inside the Curve Finance protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Yield Basis is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Sep 25, 2025
   Listed on DeFiLlama

Yield Basis operates in the Leveraged Farming category of DeFi. It is deployed on Ethereum. No public audit reports are listed on DeFiLlama for this protocol.

Yield Basis is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk. Its token market cap ($12.3M) is small relative to TVL ($181.3M) — a mcap/TVL ratio of 0.07 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Yield Basis — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Yield Basis is one of 7 Leveraged Farming protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Homora V2, Origami Finance, Alpaca Leveraged Yield Farming, and 3 more. These peer protocols collectively secure $237.4M in deposits, giving you a frame of reference for whether Yield Basis's own TVL is at the top, middle, or tail of the category.

Homora V2

TVL $110.3M

Origami Finance

TVL $44.5M · 24h -2.69%

Alpaca Leveraged Yield Farming

TVL $32.9M · 24h +0.19%

Extra Finance Leverage Farming

TVL $29.6M · 24h -0.27%

Kai Finance

TVL $10.5M · 24h -0.12%

Factor Leverage Vault

TVL $9.6M · 24h +0.88%