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BYE

Basis Yield ETH Index

All-time high price

$106.00

Set 4 months ago

on June 15th, 2022 at 6:46:11 PM UTC

The all-time highest price ever paid for Basis Yield ETH Index was 106.00 USD. This ATH price was set on June 15th, 2022.

About Basis Yield ETH Index

Description

The Basis Yield ETH Index from Galleon automates a perpetual basis trading strategy that returns a price-neutral, levered high yield index to those that hold the token. Built using Set’s integration with Perpetual Protocol on Optimism, BYE contains a fully hedged 2x ETH position, with equivalent spot exposure and short exposure via perps. Holders of BYE will earn a USDC-denominated yield when the funding rate is positive while removing exposure to the price volatility of the underlying asset.

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