[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @letsgetonchain letsgetonchain The conversation revolves around @yieldbasis and its integration with @curvefinance, with some users questioning the economic sustainability of the strategy and how it benefits Curve. Discussions also touch on the technical aspects of various platforms, including Lighter and Hyperliquid, focusing on trust assumptions, liquidation logic, and settlement processes. The key issues explored are the economic viability and value accrual of certain projects, as well as the comparison of different platforms' architectures and security measures. ### Engagements: XXXXXX [#](/creator/twitter::1838923016744394752/interactions)  - X Week XXXXXX +102% - X Month XXXXXX -XX% - X Months XXXXXXX +113% - X Year XXXXXXX +50,594% ### Mentions: XX [#](/creator/twitter::1838923016744394752/posts_active)  - X Week XX -XX% - X Month XX +2% - X Months XXX +139% - X Year XXX +4,867% ### Followers: XXXXX [#](/creator/twitter::1838923016744394752/followers)  - X Week XXXXX +1.60% - X Month XXXXX +10% - X Months XXXXX +137% - X Year XXXXX +3,802% ### CreatorRank: XXXXXXX [#](/creator/twitter::1838923016744394752/influencer_rank)  ### Social Influence [#](/creator/twitter::1838923016744394752/influence) --- **Social category influence** [cryptocurrencies](/list/cryptocurrencies) #3394 [finance](/list/finance) XX% [exchanges](/list/exchanges) XX% [technology brands](/list/technology-brands) XXXX% **Social topic influence** [token](/topic/token) #298, [hedging](/topic/hedging) #298, [crvusd](/topic/crvusd) #38, [$fluid](/topic/$fluid) #1, [holders](/topic/holders) #1485, [curve](/topic/curve) 6.67%, [solana](/topic/solana) #3362, [price and](/topic/price-and) #116, [protocol](/topic/protocol) #1018, [adl](/topic/adl) XXXX% **Top accounts mentioned or mentioned by** [@yieldbasis](/creator/undefined) [@curvefinance](/creator/undefined) [@0xfluid](/creator/undefined) [@messiramazani](/creator/undefined) [@bananaofmercy](/creator/undefined) [@lemiscate](/creator/undefined) [@0mllwntrmt3](/creator/undefined) [@base](/creator/undefined) [@litocoen](/creator/undefined) [@ceazor7](/creator/undefined) [@0xfarmer](/creator/undefined) [@lifinityio](/creator/undefined) [@solfiamm](/creator/undefined) [@humidifi](/creator/undefined) [@angstromxyz](/creator/undefined) [@kybernetwork](/creator/undefined) [@lurkaroundfind](/creator/undefined) [@juplend](/creator/undefined) [@serdotxyz](/creator/undefined) [@0xoptimus](/creator/undefined) **Top assets mentioned** [crvUSD (CRVUSD)](/topic/crvusd) [Fluid (FLUID)](/topic/$fluid) [Solana (SOL)](/topic/solana) [Curve DAO Token (CRV)](/topic/$crv) ### Top Social Posts [#](/creator/twitter::1838923016744394752/posts) --- Top posts by engagements in the last XX hours "How does Ethena take care of ADL arent they delta long if the perp is forcefully closed" [X Link](https://x.com/letsgetonchain/status/1977008248218873962) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-11T13:47Z 2103 followers, XXX engagements "Not only did @CurveFinance decide to launch a new token instead of letting @yieldbasis value accrual go to veCRV holders. YieldBasis rebalancing costs (gamma hedging costs to keep BTC exposure constant) is literally subsidized by Curve forgoing borrow interest on the credit line it provides to YieldBasis. I am not saying @yieldbasis is not interesting but the whole token launch thing is extractive. Here is a better way to do it: - no new token - crvUSD volume benefits in the same way - swap fees on AMM pool go to XX% BTC LPs and XX% veCRV holders instead of veYB holders" [X Link](https://x.com/letsgetonchain/status/1978389201138667556) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-15T09:15Z 2101 followers, 13.9K engagements "i understand the additional benefits. fundamentally this shifts your equation to: "+ev from resulting crvUSD volume on curve + trading fees from BTC pools" needs to be bigger than "rebalancing fees + risk to crvUSD backing" for this to make sense economically. i am not sure that is the case. If it is the case i would have liked to see this without a new inflated token launch that obscures the underlying failing economics" [X Link](https://x.com/letsgetonchain/status/1978457159630254370) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-15T13:45Z 2101 followers, XXX engagements "uniswap v3 offers tick spacing of as low as X basis point. do you need more AMMs only have resting liquidy in the passive case. you can withdraw and deposit the same way you create and cancel an order in a CLOB no I think the main reason we see not more active market making is that most AMMs are hosted on infra that is costly in terms of fees and that market makers have systems that work with CLOBs out of the box. but in theroy if fees and speed is not an issue anymore i dont see why AMMs cant succeed against CLOBs. There might be a reason why but I havent heard an answer that convinced me." [X Link](https://x.com/letsgetonchain/status/1979988537098522781) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-19T19:10Z 2101 followers, XX engagements "How does @yieldbasis bring value to curve Even the borrow interest on crvUSD doesnt flow to curve but instead is used to finance the rebalancing needed to stay at 2x leverage. Why is there a YB token The pool fees should be going to veCRV holders and not veYB holders" [X Link](https://x.com/letsgetonchain/status/1978370338174931100) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-15T08:00Z 2105 followers, 2050 engagements "are trading fees covering gamma hedging + borrowing fees for those you mention as in are the economics actually profitable i guess from curve's perspective the added benefit is that it creates demand for crvUSD which translate into volume and the launch of a new token at inflated prices can cover negative economics" [X Link](https://x.com/letsgetonchain/status/1978414572051607694) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-15T10:56Z 2105 followers, XXX engagements "From @yieldbasis docs: "YieldBasis enables users to provide BTC as liquidity in an AMM pool without impermanent loss (IL) while still earning trading fees." - this literally just means hedging your short gamma to keep your BTC delta fixed The mental gymnastics to obscure the loss making underlying economics" [X Link](https://x.com/letsgetonchain/status/1978453581922484669) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-15T13:31Z 2106 followers, 1009 engagements "that is more or less my point. I do see the project as a nice way to automate gamma hedging + provide growth to crvUSD but economically any strat like this is only sustainable if: trading fees gamma hedging + borrow costs you could argue through the integration with curve that the cost of this borrow could be shared since its a win win. that way the equation improves What i dont like is yet another extractive token which retail bids and locks and that obscures the success of the underlying economics of that strategy" [X Link](https://x.com/letsgetonchain/status/1978767674743124258) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-16T10:19Z 2105 followers, XXX engagements "How can someone advertise a nice organic APY when every LP is massively down YB token is literally down XX% in the last 24h Ethics are just non existent in this space" [X Link](https://x.com/letsgetonchain/status/1978782111864611069) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-16T11:16Z 2105 followers, 12.2K engagements "ok so prop AMMs like @Lifinity_io @SolFiAMM @humidifi_ etc. on Solana just concentrate liquidity around the latest oracle price and outbid competition based on their internal inventory. How is that better than what @angstromxyz or kyberflow by @KyberNetwork offer They are traditional AMMs but with mechanisms that prevent toxic flow and ensure LPs trade at the latest oracle price. The difference to prop amms is that liquidity stays pooled by many making it less likely that all liquidity gets pulled all of sudden. so it seems better for DeFi downstream dependencies plus it keeps access to" [X Link](https://x.com/letsgetonchain/status/1980385484821131555) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-20T21:27Z 2105 followers, 1491 engagements "Yeah agree that most are delta netural which is what I meant by "risk tolerance in terms of hedging" As for adjusting curvature every second I'm not sure to what degree this is really a differentiator. I think like a strategy that simply keeps liquidity tightly concentrated around the off-chain "true" price and pulls liquidity based on some rules does not perform much different than these prop AMMs while requiring far less sophistication. Might be wrong just feel like active market making on traditional AMM is underexplored" [X Link](https://x.com/letsgetonchain/status/1980900608036024578) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-22T07:34Z 2106 followers, XX engagements "@lurkaroundfind @yieldbasis are there numbers somewhere on btc exposure rebalancing costs" [X Link](https://x.com/letsgetonchain/status/1980904294716174413) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-22T07:49Z 2105 followers, XXX engagements "Every DeFi team should copy this @0xFluid just launched an all in one dashboard that covers all data that is relevant to track regarding the token as an investment decision. All under the $FLUID tab on their site. Here is what it shows" [X Link](https://x.com/letsgetonchain/status/1981020700757442697) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-22T15:31Z 2105 followers, 9116 engagements "1/ The first card gives a direct CTA to buy $FLUID routed through the most efficient venues. At the bottom you will find all links to third-party analytics dashboards around the Fluid protocol so you can dig deeper into independent metrics and reporting. When i discovered Fluid took me ages to find all these sources this is really helpful" [X Link](https://x.com/letsgetonchain/status/1981020705257840822) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-22T15:31Z 2105 followers, XXX engagements "2/ The second card shows all the on-chain liquidity pools where $FLUID trades sorted by liquidity depth. Again this is a nice reconciliation of information that would take you longer to find otherwise" [X Link](https://x.com/letsgetonchain/status/1981020708147810793) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-22T15:31Z 2105 followers, XXX engagements "3/ Then theres a market cap vs. FDV chart over time. Would love to see outstanding FDV added here 🙏 The difference between market cap and FDV tells very different stories depending on whether its: - still-vesting investor allocations or - DAO-owned tokens that can be used burned or redirected for growth. For Fluid its the latter which is why i use market cap when looking at Fluid from a valuation perspective" [X Link](https://x.com/letsgetonchain/status/1981020711616430423) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-22T15:31Z 2105 followers, XXX engagements "5/ Next we get a really good overview of everything revenue related. You can filter revenue by source broken down by tokens. Currently revenue sources are Fluid protocol (money market + DEX) @jup_lend (Fluid's deployment on Solana) and Fluid Lite" [X Link](https://x.com/letsgetonchain/status/1981020719153635746) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-22T15:31Z 2105 followers, XXX engagements "6/ There is also a DAO balance sheet overview showing all treasury holdings. $FLUID is the largest position followed by ETH. Yup Fluid is in the top XX ETH holders among DeFi treasuries see @SERdotxyz" [X Link](https://x.com/letsgetonchain/status/1981020723142434932) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-22T15:32Z 2105 followers, XXX engagements "@0xOptimus I guess this is only something for opinionated L2s or do you see this happening on L1" [X Link](https://x.com/letsgetonchain/status/1981058101559140390) [@letsgetonchain](/creator/x/letsgetonchain) 2025-10-22T18:00Z 2105 followers, XX engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@letsgetonchain letsgetonchain
The conversation revolves around @yieldbasis and its integration with @curvefinance, with some users questioning the economic sustainability of the strategy and how it benefits Curve. Discussions also touch on the technical aspects of various platforms, including Lighter and Hyperliquid, focusing on trust assumptions, liquidation logic, and settlement processes. The key issues explored are the economic viability and value accrual of certain projects, as well as the comparison of different platforms' architectures and security measures.
Engagements: XXXXXX #
- X Week XXXXXX +102%
- X Month XXXXXX -XX%
- X Months XXXXXXX +113%
- X Year XXXXXXX +50,594%
Mentions: XX #
- X Week XX -XX%
- X Month XX +2%
- X Months XXX +139%
- X Year XXX +4,867%
Followers: XXXXX #
- X Week XXXXX +1.60%
- X Month XXXXX +10%
- X Months XXXXX +137%
- X Year XXXXX +3,802%
CreatorRank: XXXXXXX #
Social Influence #
Social category influence cryptocurrencies #3394 finance XX% exchanges XX% technology brands XXXX%
Social topic influence token #298, hedging #298, crvusd #38, $fluid #1, holders #1485, curve 6.67%, solana #3362, price and #116, protocol #1018, adl XXXX%
Top accounts mentioned or mentioned by @yieldbasis @curvefinance @0xfluid @messiramazani @bananaofmercy @lemiscate @0mllwntrmt3 @base @litocoen @ceazor7 @0xfarmer @lifinityio @solfiamm @humidifi @angstromxyz @kybernetwork @lurkaroundfind @juplend @serdotxyz @0xoptimus
Top assets mentioned crvUSD (CRVUSD) Fluid (FLUID) Solana (SOL) Curve DAO Token (CRV)
Top Social Posts #
Top posts by engagements in the last XX hours
"How does Ethena take care of ADL arent they delta long if the perp is forcefully closed"
X Link @letsgetonchain 2025-10-11T13:47Z 2103 followers, XXX engagements
"Not only did @CurveFinance decide to launch a new token instead of letting @yieldbasis value accrual go to veCRV holders. YieldBasis rebalancing costs (gamma hedging costs to keep BTC exposure constant) is literally subsidized by Curve forgoing borrow interest on the credit line it provides to YieldBasis. I am not saying @yieldbasis is not interesting but the whole token launch thing is extractive. Here is a better way to do it: - no new token - crvUSD volume benefits in the same way - swap fees on AMM pool go to XX% BTC LPs and XX% veCRV holders instead of veYB holders"
X Link @letsgetonchain 2025-10-15T09:15Z 2101 followers, 13.9K engagements
"i understand the additional benefits. fundamentally this shifts your equation to: "+ev from resulting crvUSD volume on curve + trading fees from BTC pools" needs to be bigger than "rebalancing fees + risk to crvUSD backing" for this to make sense economically. i am not sure that is the case. If it is the case i would have liked to see this without a new inflated token launch that obscures the underlying failing economics"
X Link @letsgetonchain 2025-10-15T13:45Z 2101 followers, XXX engagements
"uniswap v3 offers tick spacing of as low as X basis point. do you need more AMMs only have resting liquidy in the passive case. you can withdraw and deposit the same way you create and cancel an order in a CLOB no I think the main reason we see not more active market making is that most AMMs are hosted on infra that is costly in terms of fees and that market makers have systems that work with CLOBs out of the box. but in theroy if fees and speed is not an issue anymore i dont see why AMMs cant succeed against CLOBs. There might be a reason why but I havent heard an answer that convinced me."
X Link @letsgetonchain 2025-10-19T19:10Z 2101 followers, XX engagements
"How does @yieldbasis bring value to curve Even the borrow interest on crvUSD doesnt flow to curve but instead is used to finance the rebalancing needed to stay at 2x leverage. Why is there a YB token The pool fees should be going to veCRV holders and not veYB holders"
X Link @letsgetonchain 2025-10-15T08:00Z 2105 followers, 2050 engagements
"are trading fees covering gamma hedging + borrowing fees for those you mention as in are the economics actually profitable i guess from curve's perspective the added benefit is that it creates demand for crvUSD which translate into volume and the launch of a new token at inflated prices can cover negative economics"
X Link @letsgetonchain 2025-10-15T10:56Z 2105 followers, XXX engagements
"From @yieldbasis docs: "YieldBasis enables users to provide BTC as liquidity in an AMM pool without impermanent loss (IL) while still earning trading fees." - this literally just means hedging your short gamma to keep your BTC delta fixed The mental gymnastics to obscure the loss making underlying economics"
X Link @letsgetonchain 2025-10-15T13:31Z 2106 followers, 1009 engagements
"that is more or less my point. I do see the project as a nice way to automate gamma hedging + provide growth to crvUSD but economically any strat like this is only sustainable if: trading fees gamma hedging + borrow costs you could argue through the integration with curve that the cost of this borrow could be shared since its a win win. that way the equation improves What i dont like is yet another extractive token which retail bids and locks and that obscures the success of the underlying economics of that strategy"
X Link @letsgetonchain 2025-10-16T10:19Z 2105 followers, XXX engagements
"How can someone advertise a nice organic APY when every LP is massively down YB token is literally down XX% in the last 24h Ethics are just non existent in this space"
X Link @letsgetonchain 2025-10-16T11:16Z 2105 followers, 12.2K engagements
"ok so prop AMMs like @Lifinity_io @SolFiAMM @humidifi_ etc. on Solana just concentrate liquidity around the latest oracle price and outbid competition based on their internal inventory. How is that better than what @angstromxyz or kyberflow by @KyberNetwork offer They are traditional AMMs but with mechanisms that prevent toxic flow and ensure LPs trade at the latest oracle price. The difference to prop amms is that liquidity stays pooled by many making it less likely that all liquidity gets pulled all of sudden. so it seems better for DeFi downstream dependencies plus it keeps access to"
X Link @letsgetonchain 2025-10-20T21:27Z 2105 followers, 1491 engagements
"Yeah agree that most are delta netural which is what I meant by "risk tolerance in terms of hedging" As for adjusting curvature every second I'm not sure to what degree this is really a differentiator. I think like a strategy that simply keeps liquidity tightly concentrated around the off-chain "true" price and pulls liquidity based on some rules does not perform much different than these prop AMMs while requiring far less sophistication. Might be wrong just feel like active market making on traditional AMM is underexplored"
X Link @letsgetonchain 2025-10-22T07:34Z 2106 followers, XX engagements
"@lurkaroundfind @yieldbasis are there numbers somewhere on btc exposure rebalancing costs"
X Link @letsgetonchain 2025-10-22T07:49Z 2105 followers, XXX engagements
"Every DeFi team should copy this @0xFluid just launched an all in one dashboard that covers all data that is relevant to track regarding the token as an investment decision. All under the $FLUID tab on their site. Here is what it shows"
X Link @letsgetonchain 2025-10-22T15:31Z 2105 followers, 9116 engagements
"1/ The first card gives a direct CTA to buy $FLUID routed through the most efficient venues. At the bottom you will find all links to third-party analytics dashboards around the Fluid protocol so you can dig deeper into independent metrics and reporting. When i discovered Fluid took me ages to find all these sources this is really helpful"
X Link @letsgetonchain 2025-10-22T15:31Z 2105 followers, XXX engagements
"2/ The second card shows all the on-chain liquidity pools where $FLUID trades sorted by liquidity depth. Again this is a nice reconciliation of information that would take you longer to find otherwise"
X Link @letsgetonchain 2025-10-22T15:31Z 2105 followers, XXX engagements
"3/ Then theres a market cap vs. FDV chart over time. Would love to see outstanding FDV added here 🙏 The difference between market cap and FDV tells very different stories depending on whether its: - still-vesting investor allocations or - DAO-owned tokens that can be used burned or redirected for growth. For Fluid its the latter which is why i use market cap when looking at Fluid from a valuation perspective"
X Link @letsgetonchain 2025-10-22T15:31Z 2105 followers, XXX engagements
"5/ Next we get a really good overview of everything revenue related. You can filter revenue by source broken down by tokens. Currently revenue sources are Fluid protocol (money market + DEX) @jup_lend (Fluid's deployment on Solana) and Fluid Lite"
X Link @letsgetonchain 2025-10-22T15:31Z 2105 followers, XXX engagements
"6/ There is also a DAO balance sheet overview showing all treasury holdings. $FLUID is the largest position followed by ETH. Yup Fluid is in the top XX ETH holders among DeFi treasuries see @SERdotxyz"
X Link @letsgetonchain 2025-10-22T15:32Z 2105 followers, XXX engagements
"@0xOptimus I guess this is only something for opinionated L2s or do you see this happening on L1"
X Link @letsgetonchain 2025-10-22T18:00Z 2105 followers, XX engagements