Biggest @yieldbasis rebalance in history! 🐋 First BTC rebalancing since Feb 16. $19M internal AMM volume, with the execution bot paying a 44 ETH tip to the block builder to secure the transaction. The Mechanism: The LEVAMM contract uses a dedicated rebalancing budget—funded by 50% of swap fees and interest from $crvUSD loans—to "jump" concentrated liquidity. This specific jump was designed to close 20% of the price disparity in the pool. Key Results: 🔻TRD* (Temporary Redemption Discount): Slashed from 17% to 8% for the WBTC pool. ⚖️PPS & Recovery: Rebalancing incurs temporary costs (swap fees and re-leverage premiums) which can shift PPS. However, this is a strategic investment: higher liquidity concentration now allows the pool to capture fees more efficiently, leading to a much faster recovery of value and balance.

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