The Basis Yield ETH Index from Galleon automates a perpetual basis trading strategy that returns a price-neutral, levered high yield index to those that hold the token. Built using Set’s integration with Perpetual Protocol on Optimism, BYE contains a fully hedged 2x ETH position, with equivalent spot exposure and short exposure via perps. Holders of BYE will earn a USDC-denominated yield when the funding rate is positive while removing exposure to the price volatility of the underlying asset.
$99.31
-0.08%
- Rank #N/A
- Market Cap
0.00%
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- 24H Spot Volume
0.00%
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- 24H Volume / Market Cap
-
- Circulating Supply
-
- Total Supply
2,403
- Max Supply
-
- Fully Diluted Valuation
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- API ID basis-yield-eth-index
- Project Start Date -
- Contracts & Explorer(s)
0x927...b6122 - Websites Website
- Links
About BYE
The Basis Yield ETH Index on Optimism automates a perpetual basis trading strategy that returns a price-neutral, levered high yield index to those that hold the token.
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