Yield Basis (YB)

Tokenomics & Utility

YB, rewards, and voting

YB is the protocol’s incentive and governance token. It is distinct from the tokens that record a user’s share of a particular liquidity pool. A provider can choose a route focused on trading-fee yield or stake their position tokens in a gauge to receive YB emissions instead. A gauge is a contract that tracks staked positions and distributes rewards. The protocol’s interface presents these as trading-yield and token-yield choices. (binance.com)

YB holders can lock their tokens to receive veYB, short for vote-escrowed YB. Locking gives them voting power that depends on the amount locked and the lock period. Among other decisions, veYB holders can direct how YB rewards are allocated across eligible markets. They can also receive a share of protocol fees through the system’s fee-distribution rules. Locking commits the YB for the selected period, rather than leaving it immediately transferable. (docs.yieldbasis.com)

The stated maximum supply is one billion YB. The issuer’s distribution plan assigns 30% to incentives, 25% to the team, 12% to investors, 12.5% to the ecosystem, 7.5% to protocol development, 7.5% to Curve licensing, 3% to initial liquidity and early incentives, and 2.5% to the public offering. Team and investor allocations have scheduled vesting, while incentive tokens are distributed through an emissions system. These schedules spread different categories of tokens over time rather than releasing them all in the same way. (docs.yieldbasis.com)