Yield Basis has activated the fee switch, and some users are eligible to share the 17 BTC in revenue accumulated by the protocol since September.

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BlockBeats News, on December 6, the protocol Yield Basis, developed by Curve Finance founder Michael Egorov, activated its fee switch on Thursday, becoming the latest crypto protocol to direct revenue to token holders. Some Yield Basis users have four weeks to claim more than 17 bitcoins accumulated since the protocol’s launch in September. As of Friday, these bitcoins were worth nearly $1.6 million. The proposal to activate the fee switch was unanimously approved by Yield Basis token holders on Wednesday.

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