YieldBasis is redefining DeFi with a new kind of AMM that offers 9%-60% yields on BTC without the risk of impermanent loss. The goal? To unlock onchain BTC liquidity by making it a more productive asset. In fact, YieldBasis is positioning itself as the next BTC liquidity blackhole. Today we have @newmichwill, On the Spot, to walk us through the problems that @yieldbasis solves, how the protocol helps increase BTC without traditional trading, and its impact on the broader DeFi ecosystem.