Odaily Planet Daily News YieldBasis officially released a long article on X outlining today's TGE plan.

The article mentioned that YieldBasis will provide YB rewards to 4,055 liquidity providers (LPs) who deposit BTC when the protocol deposit cap is $100 and $30 million. The total reward is 5.625 million YB, and the distribution depends on the amount of funds deposited by the LP and the length of participation. The portion of the reward below 5,000 YB will be unlocked immediately, and all rewards exceeding this threshold will be unlocked linearly over 1 year. Compared to LPs who deposited when the protocol cap is $30 million, LPs who deposited when the protocol cap is $1 million will receive a higher proportion of rewards. LPs who start depositing when the protocol deposit cap is $150 million will be eligible for the second quarter YB rewards, and details will be announced later.

Additionally, Curve DAO voters who support the launch of YieldBasis (voted in favor of proposals 1206, 1213, and 1222) will receive a 5 million YB reward based on their veCRV voting ratio.