Daily fees from @yieldbasis since migration to new contracts.
Nov 13 - $39,175
Nov 14 - $71,490
Nov 15 - $24,871
Nov 16 - $35,243
Annualized that's $15.5M. Fee switch to be flipped imminently, and then TVL capacity expanded from $150M -> $500M.
I don't fully understand Yieldbasis, and it's unclear if these revenue figures are accurate. (Reported revenue in October was wildly overstated.)
A lot of uncertainty around Yieldbasis, but my intuition says YB is hugely undervalued here.
Check for info.
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