I’m genuinely excited about @yieldbasis. If the simulations hold, beyond its revolutionary design, this could be a major catalyst for Curve’s crypto (non-stable) liquidity and $crvUSD demand. “Scales to (likely) tens of billions $.” If so, the impact on $veCRV base yields could be magnificent, driven by increased crvUSD fees and admin fees. Liquid lockers like $cvxCRV, $yCRV, and $sdCRV trading at steep discounts, due to lagging fees vs price-action might be short-lived. Must-watch: @stable_summit video 👇