[Kraken to Launch Bitcoin Yield Protocol Yield Basis] Kraken announced that it will launch the Bitcoin yield protocol Yield Basis (YB) on its new platform Kraken Launch. The protocol, developed by Curve founder Michael Egorov, is planned to be sold and listed on Kraken in two phases. YB aims to provide BTC-based yields and hedge AMM curvature risks through an automatic re-leveraging mechanism. It has already received approval and support from Curve DAO.