restrict yieldbasis market to btc pool

Author: adamewozniak

08-yieldbasis-deposits-rules.md

@@ -1,99 +1,119 @@
-# Yieldbasis $500M Deposits Resolution Rules
+# Yieldbasis Bitcoin Pool $500M Deposits Resolution Rules
 
 ## Market Question
-**Will Yieldbasis hit $500M in deposits before June 1, 2026, 11:59 PM UTC?**
+**Will Yieldbasis Bitcoin pools hit $500M in deposits before June 1, 2026, 11:59 PM UTC?**
 
 ## Resolution Criteria
 
 ### Definition of Success
 The market resolves **YES** when **ALL** of the following conditions are met:
 
-1. **Deposit Threshold**: Yieldbasis Total Value Locked (TVL) reaches or exceeds **$500,000,000 USD**
+1. **Deposit Threshold**: Yieldbasis Bitcoin pool deposits reach or exceed **$500,000,000 USD**
 2. **Duration**: The $500M threshold is reached at **any point** before the deadline (does not need to be sustained)
 3. **Data Source Verification**: The milestone is confirmed by at least **2 out of 4** designated data sources
 
+### What Counts as Bitcoin Pool Deposits
+
+Only deposits in **Bitcoin-related pools** count toward the $500M threshold:
+- **BTC**: Native Bitcoin bridged to supported chains
+- **WBTC**: Wrapped Bitcoin
+- **cbBTC**: Coinbase Wrapped Bitcoin
+- **tBTC**: Threshold Network Bitcoin
+- **sBTC**: Any synthetic Bitcoin variants officially supported by Yieldbasis
+- **Other BTC derivatives**: Any other Bitcoin-pegged assets in official Yieldbasis Bitcoin pools
+
+**Excluded from count:**
+- ETH, stablecoins, altcoins, or any non-Bitcoin assets
+- Bitcoin held in non-Yieldbasis protocols
+- LP tokens that are not Bitcoin-denominated
+
 ### Primary Data Sources
 
-The following sources shall be used for TVL determination (if available):
+The following sources shall be used for Bitcoin pool deposit determination (if available):
 
-1. **DeFiLlama** - Yieldbasis TVL data (https://defillama.com/protocol/yieldbasis)
-2. **Yieldbasis Official Dashboard** - Protocol's own TVL metrics
-3. **On-Chain Data** - Direct smart contract balance queries on applicable chains
-4. **CoinGecko** - Protocol TVL data (if available)
+1. **DeFiLlama** - Yieldbasis Bitcoin pool TVL data (https://defillama.com/protocol/yieldbasis)
+2. **Yieldbasis Official Dashboard** - Protocol's own Bitcoin pool metrics
+3. **On-Chain Data** - Direct smart contract balance queries for Bitcoin pool contracts
+4. **CoinGecko** - Protocol Bitcoin pool TVL data (if available)
 
 ### Timing Specification
-- **Market Start**: January 6, 2025
+- **Market Start**: January 6, 2026
 - **End Time**: Market closes at June 1, 2026, 23:59:59 UTC
 - All timestamps must be recorded in UTC
 - The $500M threshold must be reached **at any point** before the deadline
 
 ## Edge Cases and Special Circumstances
 
-### 1. TVL Measurement Methodology
-- **Deposits** include all assets deposited into Yieldbasis vaults, pools, or staking contracts
-- TVL is measured in **USD value** at the time of measurement
-- If different sources show different TVL values, use the **median** of available sources
+### 1. Deposit Measurement Methodology
+- **Deposits** include all Bitcoin assets deposited into Yieldbasis Bitcoin vaults, pools, or staking contracts
+- Deposits are measured in **USD value** at the time of measurement
+- If different sources show different deposit values, use the **median** of available sources
 - If only 2 sources are available and they disagree by >10%, investigate the discrepancy before resolution
 
-### 2. Token Price Fluctuations
-- If TVL reaches $500M due to **token price appreciation** (not new deposits), it still counts
-- If TVL drops below $500M after reaching the threshold, the market still resolves YES (threshold was reached)
-- TVL is measured using **real-time USD values** of deposited assets
+### 2. Bitcoin Price Fluctuations
+- If deposits reach $500M due to **Bitcoin price appreciation** (not new deposits), it still counts
+- If deposits drop below $500M after reaching the threshold, the market still resolves YES (threshold was reached)
+- Deposits are measured using **real-time USD values** of deposited Bitcoin assets
 
 ### 3. Multi-Chain Deployments
-- If Yieldbasis operates on **multiple chains**, aggregate TVL across ALL chains
+- If Yieldbasis Bitcoin pools operate on **multiple chains**, aggregate deposits across ALL chains
 - Include: Ethereum mainnet, Arbitrum, Optimism, Base, Polygon, and any other official deployments
-- Only count TVL in **official Yieldbasis contracts** (not third-party integrations)
+- Only count deposits in **official Yieldbasis Bitcoin pool contracts** (not third-party integrations)
 
 ### 4. Protocol Changes and Migrations
-- If Yieldbasis **migrates to new contracts**, include TVL from both old and new contracts during transition
-- If Yieldbasis **rebrands** but maintains the same protocol/team, track the rebranded protocol
-- If Yieldbasis **merges with another protocol**, evaluate the combined TVL only if Yieldbasis is the surviving brand
+- If Yieldbasis **migrates Bitcoin pools to new contracts**, include deposits from both old and new contracts during transition
+- If Yieldbasis **rebrands** but maintains the same protocol/team, track the rebranded protocol's Bitcoin pools
+- If Yieldbasis **merges with another protocol**, evaluate the combined Bitcoin pool deposits only if Yieldbasis is the surviving brand
 
 ### 5. Counting Methodology
-- **Include**: Direct deposits, staked assets, LP positions in Yieldbasis pools
-- **Exclude**: Borrowed assets, leveraged positions (count only net deposits), rewards/emissions not yet claimed
-- **Double-counting**: Ensure assets are not counted multiple times across different pools
+- **Include**: Direct Bitcoin deposits, staked Bitcoin assets, Bitcoin LP positions in Yieldbasis pools
+- **Exclude**: Borrowed Bitcoin, leveraged positions (count only net deposits), rewards/emissions not yet claimed
+- **Double-counting**: Ensure Bitcoin assets are not counted multiple times across different pools
+
+### 6. New Bitcoin Derivatives
+- If Yieldbasis adds support for **new Bitcoin-pegged assets** after market creation, those deposits count
+- The asset must be a legitimate Bitcoin derivative (1:1 or near-1:1 backed by BTC)
+- Algorithmic or under-collateralized "Bitcoin" tokens do NOT count
 
-### 6. Data Source Unavailability
+### 7. Data Source Unavailability
 - If DeFiLlama is unavailable, prioritize **on-chain data** and official dashboard
 - If the official dashboard is unavailable, use DeFiLlama and on-chain verification
 - If **all sources are unavailable** at resolution time, use the most recent reliable data point within 24 hours
 
-### 7. Smart Contract Issues
-- If a **hack or exploit** causes TVL to artificially spike above $500M, this does NOT count
-- If TVL reaches $500M and then a hack occurs, the market still resolves YES (threshold was legitimately reached)
-- If deposits are **frozen** but still in contracts, they count toward TVL
+### 8. Smart Contract Issues
+- If a **hack or exploit** causes Bitcoin pool deposits to artificially spike above $500M, this does NOT count
+- If deposits reach $500M and then a hack occurs, the market still resolves YES (threshold was legitimately reached)
+- If deposits are **frozen** but still in contracts, they count toward the threshold
 
-### 8. Fake or Wash Deposits
+### 9. Fake or Wash Deposits
 - If there is **credible evidence** that deposits were artificially inflated (e.g., team depositing and withdrawing, wash trading), voters should evaluate whether genuine user deposits exceeded $500M
 - Incentivized deposits (legitimate yield farming, points programs) DO count
 - Self-dealing by the team that is later withdrawn does NOT count
 
-### 9. Protocol Shutdown
+### 10. Protocol Shutdown
 - If Yieldbasis **shuts down** before the deadline, the market resolves NO (unless $500M was reached before shutdown)
-- If Yieldbasis **pauses deposits** but existing TVL exceeds $500M, the market resolves YES
+- If Yieldbasis **pauses Bitcoin pool deposits** but existing deposits exceed $500M, the market resolves YES
 
-### 10. Ambiguous Situations
+### 11. Ambiguous Situations
 If a situation arises that is not clearly covered by these rules, voters should:
 1. Prioritize **on-chain evidence** over off-chain claims
-2. Evaluate whether **genuine user deposits** reached the threshold
-3. Consider the **spirit of the market** (did Yieldbasis achieve meaningful adoption?)
+2. Evaluate whether **genuine user Bitcoin deposits** reached the threshold
+3. Consider the **spirit of the market** (did Yieldbasis Bitcoin pools achieve meaningful adoption?)
 4. Look for **consensus** among data sources
 5. Default to **NO** if evidence is insufficient or contradictory
 
 ## Resolution Process
 
 ### Required Evidence for YES Vote
 Voters must verify:
-- Yieldbasis TVL reached $500M+ (provide screenshots from at least 2 data sources)
+- Yieldbasis Bitcoin pool deposits reached $500M+ (provide screenshots from at least 2 data sources)
 - Timestamp showing when the threshold was reached (before June 1, 2026, 23:59:59 UTC)
-- On-chain verification if possible (contract addresses and balances)
+- On-chain verification if possible (Bitcoin pool contract addresses and balances)
 
 ### Required Evidence for NO Vote
 Voters must verify:
-- Yieldbasis TVL never reached $500M during the market period
-- Data from at least 2 sources showing peak TVL was below $500M
+- Yieldbasis Bitcoin pool deposits never reached $500M during the market period
+- Data from at least 2 sources showing peak Bitcoin pool deposits were below $500M
 
 ### Burden of Proof
 - The burden of proof for a **"YES"** vote requires clear evidence from at least 2 data sources
@@ -106,8 +126,8 @@ Voters must verify:
 ## Definitions
 
 - **Yieldbasis**: The DeFi protocol operating at yieldbasis.com and associated smart contracts
-- **TVL (Total Value Locked)**: The total USD value of assets deposited in Yieldbasis smart contracts
-- **Deposits**: User funds placed into Yieldbasis vaults, pools, or staking contracts
+- **Bitcoin Pool Deposits**: The total USD value of Bitcoin and Bitcoin-derivative assets deposited in Yieldbasis Bitcoin pool smart contracts
+- **Bitcoin Derivatives**: Assets pegged to or backed by Bitcoin (WBTC, cbBTC, tBTC, etc.)
 - **Data Source**: A reputable platform providing TVL tracking for DeFi protocols
 
 ## Amendment Process
@@ -124,14 +144,14 @@ Amendments must be proposed, discussed, and approved before the market close dat
 ## Summary Checklist for Voters
 
 To vote **YES** ($500M reached), confirm:
-- Yieldbasis TVL reached $500,000,000 USD or higher
+- Yieldbasis Bitcoin pool deposits reached $500,000,000 USD or higher
 - At least 2 of 4 data sources confirm the milestone
 - The threshold was reached before June 1, 2026, 23:59:59 UTC
-- The TVL was not artificially inflated by exploits or wash deposits
+- The deposits were not artificially inflated by exploits or wash deposits
 
 To vote **NO** ($500M not reached), confirm:
-- Yieldbasis TVL never reached $500M during the market period
-- Available data sources consistently show peak TVL below $500M
+- Yieldbasis Bitcoin pool deposits never reached $500M during the market period
+- Available data sources consistently show peak Bitcoin pool deposits below $500M
 - No credible evidence exists that the threshold was reached
 
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