Kraken and Legion will collaborate to conduct the public sale of Yield Basis, as the inaugural token launch project on Kraken Launch

On September 23rd, Kraken's public offering platform, Kraken Launch, is set to launch its first token issuance project for the Bitcoin yield protocol Yield Basis (YB) introduced by Curve founder Michael Egorov. This token issuance is a collaborative effort between Kraken and the on-chain project funding platform, Legion. The issuance plan will be carried out in two stages. In the first stage, 20% of the sales will be allocated to users holding a Legion Score on legion.cc. In the second stage, the remaining token sale will be opened on Kraken and Legion on a first-come, first-served basis.