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Yield Basis is gaining attention for its new structure. One of the reasons ETH holders have relied solely on staking for a long time is due to impermanent loss(IL) that occurs during AMM participation, but this project is attempting to directly address that structural issue.
What's interesting is that this is not just a simple technical improvement but an effort to shift Ethereum's liquidity flow from centralized pools to the DeFi ecosystem. $WETH There is also a possibility of launching a pool, and if the dynamic fee mechanism works properly, it could structurally mitigate IL while maintaining the profitability of liquidity providers. This is seen as a move to diversify options for ETH staking.