According to @Tetranode, Arkham’s new thread explains the mechanics of Yield Basis (YB), a mechanism proposed by Curve Finance founder Michael Egorov to address impermanent loss for DeFi liquidity providers. Source: https://twitter.com/Tetranode/status/2007631819672580455; Source: https://x.com/arkham/status/1996678576108605624 Arkham characterizes YB as a prospective solution to impermanent loss and defines impermanent loss as the temporary value drop LPs face from price volatility that can cause missed upside, highlighting its relevance to AMM-based LP returns. Source: https://x.com/arkham/status/1996678576108605624 For traders, the coverage spotlights Curve Finance (CRV) and DeFi LP yield strategies where impermanent loss risk is material, suggesting elevated attention to CRV, Curve TVL, and LP performance metrics as YB details circulate. Source: https://twitter.com/Tetranode/status/2007631819672580455; Source: https://x.com/arkham/status/1996678576108605624

According to @Tetranode, Curve Finance’s share of DEX fees has climbed from 1.5% to 44%, attributing the surge to Yield Basis’s borrowing and LP features and framing it as a remarkable comeback the market overlooked [source: @Tetranode, Jan 4, 2026]. According to @Tetranode, Convex Finance holds 52% of the voting Curve tokens, underscoring CVX’s outsized influence on veCRV gauge incentives and liquidity routing on Curve [source: @Tetranode, Jan 4, 2026]. According to @Tetranode citing @NickSabel2, CVX reportedly jumped over 40% intraday, with @NickSabel2 asserting the move was driven by ticker confusion with Chevron, highlighting short-term flow risks for CVX trades [source: @NickSabel2 via @Tetranode, Jan 4, 2026]. According to @Tetranode, traders should monitor CRV and CVX alongside Curve’s DEX fee share and Yield Basis adoption to align positioning with potential governance-driven liquidity shifts and incentive flows on Curve [source: @Tetranode, Jan 4, 2026].