Yield Basis: upcoming migration to new pools implementation

"The main case observed was an admin fee overcharge. Due to this overcharge, staked LP holders experienced a temporary reduction in LP position value, while unstaked ybBTC holders received excess fees." Fundamental protocol profitability: ~1% for ybBTC during the last month (Relative Growth section). This represents pure LP income excluding admin fees and YB emissions. Admin fee charged: 48.76 BTC, correct fee: 4.81 BTC > 43.95 BTC difference to be returned. Non-staked LP PnL: 16.11 BTC Staked LP PnL: −54.34 BTC (includes temporary overcharge impact) System net profit: 9.2 BTC (correct amount for unstaked LPs + admin fee) Thus, 43.95 BTC of the 54.34 BTC temporary loss will be covered from the overcharged admin fee."

Top comment by @Spencer420

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