Curve DAO’s New Toy: Bitcoin’s Yield Party Begins 🎉💸

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Oh, the grand spectacle of the Curve DAO, where the weary masses of DeFi huddle like soot-covered souls in a factory yard, now turn their eyes to Yield Basis. A proposal, as dry as a Siberian wind, has been cast into the ballot box, and today, the votes have fallen like ash from a chimney. The crux? A 60 million crvUSD loan to this new protocol, which promises to soothe the cursed ache of impermanent loss. A miracle? Perhaps. Or a magician’s trick with a rabbit named Bitcoin.

Curve DAO vote closes Sep 24, 2025, 12:07 PM UTC

pools (cbBTC, WBTC, tBTC) open in ~12h with a $1M cap per pool for 3 days before full credit line is enabled.

thanks to the community for the support!

– yieldbasis (@yieldbasis) September 24, 2025

Convex, the veCRV behemoth, barks its orders to the crowd, while smaller wallets shuffle their feet, voting until the turnout swells past 80%. Egorov, that titan with 3% of the votes, waited until the result was as clear as a summer day before casting his ballot. A man who knows the art of timing, or perhaps just a patient waiter with a calculator.

The phased rollout, as delicate as a moth’s wing, begins. Three Bitcoin pools-WBTC, cbBTC, tBTC-each with a $10 million cap, will dance under the Ethereum moon. A leveraged Bitcoin yield primitive? Call it what you will, but it smells of desperation and hope.

Bitcoin, that stubborn old donkey, has long struggled to earn a crust in DeFi’s kitchen. WBTC holders toss their coins into Aave’s cauldron or Uniswap’s soup, only to be scalded by impermanent loss. For years, yields hovered like ghosts at 1-2%. Yield Basis, with its single-sided BTC deposits, claims to slay the IL beast. Or maybe it just bribes it with crvUSD.

Curve now joins the yield circus, where BadgerDAO juggles Bitcoin products and Layer 2s whisper sweet nothings about native DeFi. The approval of Yield Basis is less a revolution and more a cautious shuffle forward. Will Ethereum’s solutions outshine Bitcoin’s homegrown dreams? Only time will tell, and time, as ever, is a cruel joke.

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2025-09-24 23:47