Bitcoin to Token Holders: Yield Basis Activates Fee Switch, Allocates 17 BTC With Four-Week Claim Window

Yield Basis, developed by Curve Finance founder Michael Egorov, activated its fee switch on Thursday, steering protocol revenue toward token holders and signaling a shift in governance-driven monetization within the ecosystem.

A segment of users now has four weeks to claim more than 17 BTC accrued since the September launch. Based on Friday’s price, that stack was near $1.6 million, underscoring the wallet-to-holder incentive of the model.

The on-chain vote to enable the fee switch was carried with unanimous support from Yield Basis token holders on Wednesday, reflecting broad consensus on revenue-sharing mechanics for the protocol.