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Bitcoin on-chain, Yield Basis resets IL with 3 pools capped at $3M

Three capped pools, $1M each, for a total of $3 million. The stated goal is to eliminate impermanent loss (IL) for LPs on Bitcoin on-chain and make the market more suitable for institutional capital.The initiative — led by Michael Egorov, founder of Curve Finance — starts as a controlled test with incentives tied to real performance.