ME News reports that on October 29 (UTC+8), Yield Basis, an automated market-making protocol founded by Curve founder Michael Egorov, announced the launch of a permissionless propAMM that combines market-aware pricing with dynamic fees to reduce arbitrage losses and improve liquidity provider returns. The WETH pool will be deployed first, with Bitcoin-related pools planned to follow; WETH liquidity providers need take no additional action. (Source: Foresight News)
Yield Basis Launches Permissionless propAMM, First Deployment on WETH Pool
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Summary
Yield Basis announced a protocol update on October 29 (UTC+8), launching a permissionless propAMM built on MetaEra. The new feature employs market-aware pricing and dynamic fees to reduce arbitrage losses and enhance returns for liquidity providers. The WETH pool is the first to be deployed, with Bitcoin-related pools to follow. This on-chain development marks a significant milestone for the protocol founded by Curve’s Michael Egorov.
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