Kraken announced the launch of Curve founder Michael Egorov's Bitcoin yield protocol, Yield Basis (YB), on its new platform, Kraken Launch. The sale will be conducted in two phases and will be available for trading on Kraken. YB has received approval from the Curve DAO for a crvUSD credit line proposal. YB aims to provide BTC-native, fee-driven yield and introduce an automatic re-leveraging mechanism to mitigate AMM curvature risk. (Blockworks)