Curve founder launches new project Yield Basis and raises $5 million in financing
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Curve Finance founder Michael Egorov is preparing a new project called Yield Basis, aimed at helping tokenized Bitcoin and Ethereum holders earn market making profits by reducing Impermanent Loss. The project has successfully raised $5 million and is being funded at a $50 million valuation, and is expected to leverage Curve's CryptoSwap AMM to concentrate liquidity.
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