Added WETH-crvUSD pool, described as the first IL-free ETH AMM, which is now live.

6M+ YB locked today as veYB locking activity accelerates ahead of the fee switch activation tomorrow.

The Yield Basis fee switch is set to be activated, enabling veYB holders to earn protocol fees. Stake DAO sdYB, as one of the largest veYB holders, positions sdYB holders among the top beneficiaries of this activation.

The sdYB/YB liquidity pool is now live, and a gauge vote to enable CRV rewards is currently ongoing.

1.5M veYB now locked as sdYB, up from 1M reported on November 16, with a 100K veYB NFT migration contributing to this growth.

veYB holders can now migrate to sdYB in a single transaction on the Stake DAO app while preserving their voting power.

First vote starts November 20 with bi-weekly voting cycles opening Thursday mornings and closing Tuesdays at 14:00 UTC, sdYB holders can delegate to Stake DAO for automated reward optimization.

Votemarket for veYB launches with max-price protection and multi-week campaign support, SDT rewards double for early sdYB stakers, and sdYB becomes 4th largest veYB holder.

1M sdYB minted in one week, locking 1M YB as veYB, with sdYB stakers earning SDT incentives and fee switch activation pending.

Cap increase to $500M TVL in progress with automatic fee splits (50% for rebalancing, remainder to veYB holders and LPs), while a $1B allocation is under DAO review conditional on TVL exceeding $500M and crvUSD peg stability. Roadmap includes future asset support for SOL, ETH LSTs, and BNB, plus using LP tokens as lending collateral.

Stake DAO deploys sdYB liquid locker with governance voting on 500K SDT allocation for launch, Votemarket for veYB launches soon, and $100K in YB incentives activate for veCRV voters.

Majority of LPs opt for YB token emissions instead of BTC yield (60% cBBTC, 74% wBTC, 92% tBTC), causing dynamic admin fees to redirect most BTC yield to veYB holders.

Locking YB into veYB provides voting power, revenue sharing, and governance capabilities. Legion and YieldBasis distributed an allocation.