Pangea said its research found that YieldBasis now offers deeper market depth than Uniswap for the cbBTC/USDC market, after YieldBasis raised the cap on its cbBTC pool to $200 million. In Pangea’s X post, it highlighted that the larger cap materially improved the quoted liquidity for a $10 million USDC-to-cbBTC swap, which is the kind of metric traders use to gauge how much size a pool can absorb before price impact becomes meaningful.

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