Yield Basis logs $1.97B in first-half trading volume

Yield Basis, a decentralized BTC yield protocol launched by Curve Finance (CRV) founder Michael Egorov, posted $1.97 billion in trading volume in the first half of this year, The Block reported. That amounted to about 8% of Curve’s total trading volume. Over the same period, the protocol’s average net total value locked stood at about $166 million, while fees generated for liquidity providers reached $10.98 million.