$130M TVL generating $1.6M in day-one fees for veYB holders, pools selling out in under 60 seconds, and yet YB trades at ~$0.10 — down 90% from TGE. Hybrid vaults expanding capacity is overdue since demand has outstripped deposits since launch. The Q2 white-label model could quietly turn YB into IL-free AMM infrastructure for other protocols rather than a retail-facing vault, mirroring how Curve became DeFi's invisible plumbing. Multiple audits across core and new systems is necessary groundwork, but cross-chain deployment also expands attack surface — Q1 2026 already saw $137M lost to DeFi exploits.

Top comment by @Benthic