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Crypto DeFi

Yield Basis Discloses Fee-Bypass Route, Proposes WETH Fix

Yield Basis has disclosed a fee-bypass route and proposed a policy adding a debt-ratio check for deposits alongside Pyth-linked swap fees. Voting on the proposal is scheduled to end Oct. 29. The WETH fix is aimed at closing the bypass.

Original source

AI take

The disclosure matters less for the bug itself than for how it is being handled: a public admission paired with a governance vote, rather than a quiet patch. The proposed debt-ratio check and Pyth-linked swap fees shift the burden onto depositors and swap users, so the outcome hinges on whether token holders see the trade-off as proportionate. The Oct. 29 vote is the near-term signal; whether the fix closes the route without narrowing legitimate WETH activity is the open question.

Generated by AI for reference only.

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