Legion and CEX jointly launch the DeFi product: YieldBasis

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【Legion and CEX Jointly Launch DeFi Product: YieldBasis】According to LEGION's official blog, last week, Legion announced a new partnership with CEX exchange to offer token issuance services compliant with the Markets in Crypto-Assets Regulation (MiCA) to its global user base, now revealing the first cross-platform issuance product from both parties: YieldBasis. (Note: UK residents are not allowed to participate in this issuance.) YieldBasis was created by Michael Egorov, the founder of Curve and a winner of the Physics Olympiad, aiming to solve a long-standing problem in the field of Decentralized Finance (DeFi): impermanent loss. This solution is expected to unlock billions of dollars in idle Bitcoin, generating sustainable real returns.

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