YieldBasis: Launches a fee conversion mechanism to distribute over $1.5 million in fees collected to veYB holders.

According to Odaily Planet Daily, YieldBasis announced on the X platform that it has launched a fee conversion mechanism, which will distribute the 17.13 BTC (approximately US$1.578 million) in fees already collected to veYB holders.

Furthermore, the introduction of a fee conversion mechanism will enable YieldBasis to generate synergistic effects on YieldBasis DAO, Curve DAO, and crvUSD.