Michael Egorov, founder of Curve Finance, has launched the performance, a decentralized protocol built to provide sustainable It reduces by eliminating impermanent loss (IL), one of the fastest challenges of decentralized finance.
Bitcoin headlines have long faced limited opportunities for yields in the chain. Loan markets rarely offer more than one fraction of a percentage, while automated market manufacturers (AMM) have exposed users to IL, the risk of losing value when the prices of the diverge tab. Even in favorable conditions, yields rarely exceeded 1 to 2%.
The performance base addresses this by reengineering of the AMM model. The protocol eliminates the risk of IL completely, which says that Egorov will allow a deeper Bitcoin liquidity in the most attractive chain and performance opportunities for institutional and professional investors. To manage early growth, three groups launched with a tank limit of $ 1 million each.
The system borrows the five years of curve infrastructure resilience, adopting a voting mechanism (Veyb) for governance. Tokens holders must block their YB to participate in governance and gain protocol rates, distributed in CRVUSD Stablecoin or Bitcoin wrapped in curve. Unlike many Defi projects, tokens emissions are not simply delivered to liquidity suppliers; They are linked to position performance, an Egorov model calls “value protection.”
The performance base obtained $ 5 million at the beginning of 2025 funds and is the first project to debut on the Joint Legion and Kraken Launchpad, where the community can access its tokens sale. While Bitcoin is the initial approach, Egorov says that the impermanent loss solution of the protocol could extend to the Ethereum, the tokenized products or even the actions, which can expand the scope of the assets that support the performance in the chain.
