Yield Basis Deposits Jump 120% in 2 Weeks as Investors Seek BTC Yield Without Selling

Yield Basis reported strong early adoption of its Hybrid Vaults, with deposits rising 120% in under two weeks from 1.7 million to 3.8 million crvUSD. The protocol is attracting investors who want BTC-linked yield without fully selling or reducing crypto exposure, addressing a common DeFi problem where liquidity providers can lag simple holders during strong Bitcoin rallies. Yield Basis says its model uses a 2x leveraged BTC/crvUSD position, automated rebalancing, and fee generation to preserve price exposure while earning yield. The project has also surpassed $126 million in TVL, more than $3.3 billion in cumulative trading volume, and $3.95 million in fees. Marketwise, the article highlights growing demand for BTC yield products and could support broader interest in DeFi yield infrastructure, though the long-term test will be whether the strategy performs in live markets.