After a long period of uncertainty regarding the activation of revenue for $YB tokens, an update outlining the next steps of the protocol has just been shared on the @yieldbasis Telegram channel
It appears that within a month, admin fees will be enabled, and veYB holders will start earning substantial rewards in $BTC
Based on calculations from the past few days and the current staking supply, veYB holders would be earning around 600%–800% APR
It’s also worth noting that the BTC cap will soon be raised, which will further increase trading volume - and that, in turn, means even greater protocol revenue
After such a major price drop and this new update, will the market finally realize that $YB is deeply undervalued compared to the fees it generates?
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