yield basis solved impermanent loss. michael egorov's new amm uses 2x leverage through crvusd to maintain 1:1 price tracking on btc/eth positions. $130m tvl distributed $1.6m in fees to veYB holders on day one of fee switch. apollo capital accumulated 149.7k tokens during the 34% drop from $0.618. if this scales to curve's $2b ecosystem at current fee capture rates, YB reprices above $2. first protocol to actually fix the math problem that killed lp returns since 2020