Details about yBUSD cryptocurrency
yBUSD
ybusd
Unknown for now
€0
11,030,235
0
Unknown
yBUSD price charts
ybusd exchanges
yBUSD, the crypto
yBUSD (YBUSD) is an ERC-20 token that is pegged to the value of BUSD, a stablecoin that is pegged to the US dollar. yBUSD can be deposited into the yearn.finance ecosystem, where it can be used to earn yield through various yield farming strategies.
The point
The main point of yBUSD (YBUSD) is to provide a way for users to earn passive income on their BUSD holdings by depositing them into yearn.finance. By utilizing complex yield farming strategies, yearn.finance is able to generate significantly more yield on these assets than what would be possible by simply holding BUSD.
The problem
yBUSD (YBUSD) tries to solve the problem of low yields on stablecoin holdings by providing an alternative investment opportunity. While stablecoins like BUSD are attractive due to their stability and low volatility, they typically offer relatively low yields. yBUSD allows users to earn higher yields by depositing their BUSD into yearn.finance, which can then invest these funds into other higher-yielding platforms and strategies.
Compare YBUSD and BTC performance
| Timeframe | YBUSD | BTC |
|---|---|---|
| 1h change | 0 % | 0.275037 % |
| 24h change | 0 % | 1.05511 % |
| 7 day change | 0 % | 1.71708 % |
| 14 day change | 0 % | -7.61859 % |
| 30 day change | 0 % | -6.80856 % |
| 200 day change | 0 % | 129.346 % |
| Year change | 0 % | 139.298 % |