Analysis of the relationship between YieldBasis and Curve (by Pangea)
According to recent data analysis released by Pangea,
1 dollar traded on YieldBasis generates an average of 1.089 dollars in additional trades on Curve.
This means that all trades on YieldBasis have a direct effect on increasing trading volume on Curve.
Of this, over 88% are swaps related to crvUSD,
indicating that the core stable pools of Curve are benefiting the most.
The decision by Curve DAO to provide YieldBasis with an interest-free crvUSD credit line has been proven by data to be not just support but a 'strategic investment.'
In particular, Curve's trading share is shown to be 2.7 times higher compared to Uniswap,
indicating that Curve holds a significantly disproportionate share of the market.
This means that YieldBasis is becoming much more deeply integrated into Curve's liquidity ecosystem.
As Egorov previously stated,
"The trades occurring on YieldBasis will naturally increase the trading volume on Curve."
This is the moment when that hypothesis has been fully validated.
As a result, YieldBasis operates in a way that provides a 'net positive' to Curve, with positive effects confirmed across Curve's fee revenue, liquidity, and trading volume.
Based on the data so far,
YieldBasis is a new growth engine for Curve and serves as a catalyst to strengthen the liquidity structure centered around crvUSD.
"1 dollar trade creates 1.089 dollars."
This is no longer a simple hypothesis, but a reality proven by data.
@yieldbasis @llamaintern
#Curve #YieldBasis #crvUSD #DeFi #Pangea #onchaindata
We investigated how much volume YieldBasis generates for Curve.
We found:
- Every $1 traded on YieldBasis generates at least $1.089 volume on Curve
- >88% of this volume was due to crvUSD swaps
- YieldBasis has a disproportionate impact in increasing Curve’s market share
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