YieldNest Launches the First BNB Liquid Restaking Token ynBNB on BNB Chain

London,
September
12th
– YieldNest,
an
asset
management
layer
for
restaking,
announces
the
launch
of
the
ynBNB
–
the
first
BNB
Liquid
Restaking
Token
(LRT)
on BNB
Chain.
Following
the
restaking
boom,
YieldNest
explores
liquid
restaking
opportunities
on
the
largest
layer
1
chain by
user
count,
BNB
Chain.

By
restaking
into
ynBNB,
users
can
earn
additional
rewards
beyond
their
native
BNB
staking
returns,
paving
the
way
for
new
levels
of
engagement
and
profitability
in
the
crypto
space.
ynBNB
is
a
seamless,
efficient,
and
highly
rewarding
restaking
solution
that
makes
assets
work
at
their
full
potential
across
multiple
protocols.

How
does
it
work?

A
Liquid
Restaking
Token
allows
users
to
restake
their
already-staked
tokens
in
a
way
that
keeps
them
liquid,
meaning
they
can
still
use
their
tokens
while
earning
additional
rewards.
ynBNB
works
on
top
of
BNB
Chain’s
prominent
slisBNB
token.
It’s
a
yield-bearing
&
liquid
staking
token
provided
by
Lista
–
a
prominent
staking
service
on
the
BNB
Chain
that
allows
users
to
stake
their
BNB
tokens.
YieldNest
offers
an
opportunity
to
restake
slisBNB
into
ynBNB
through
its
platform
and
earn
additional
rewards.

YieldNest
partners
with
top-tier
restaking
protocols
on
BNB
Chain
to
optimize
returns,
including
Kernel,
Karak,
and
Binomial.
By
utilizing
its
advanced
infrastructure,
YieldNest
has
developed
a
sophisticated
vault
system
that
intelligently
allocates
users’
assets
to
the
most
profitable
yield-generating
strategies.

How
does
it
improve
the
yield?

By
restaking
slisBNB
into
ynBNB,
YieldNest
aggregates
all
sources
of
potential
yield
for
BNB
restakers:

1. 
   Fast
   Track
   into
   Kernel,
   Karak,
   and
   Binominal
   Restaking
   Rewards:
   Offers
   access
   to
   Karak,
   Binomial
   and
   Kernel’s
   restaking
   rewards
   and
   points
   system.

2. 
   BNB
   APY
   Yield:
   By
   staking
   BNB,
   users
   can
   contribute
   to
   BNB
   network
   security
   &
   earn
   yield.

3. 
   YieldNest
   Seeds:
   The
   Seeds
   program
   is
   designed
   to
   reward
   active
   engagement
   and
   early
   support
   from
   community
   members
   and
   partners.
   By
   accumulating
   Seeds,
   users
   can
   earn
   a
   stake
   in
   future
   rewards
   and
   gain
   eligibility
   for
   upcoming
   airdrops.

4. 
   Future
   AVS
   Yields:
   Actively
   Validated
   Services
   (AVSs)
   or
   Networks
   provide
   users
   with
   additional
   benefits
   in
   the
   form
   of
   yields
   for
   crypto-economic
   security.

5. 
   Future
   AVS
   Airdrops:
   Get
   the
   opportunity
   to
   participate
   in
   airdrops
   from
   Actively
   Validated
   Services
   and
   add
   more
   tokens
   and
   rewards
   to
   a
   portfolio.

How
does
YieldNest
balance
risks
and
return?

Restaking,
like
all
investments,
comes
with
risks
such
as
potential
slashing
(loss
of
tokens
due
to
validator
misconduct)
and
market
volatility.
YieldNest
tailors
its
restaking
strategies
to
align
with
each
user’s
risk
tolerance
and
investment
goals.
Risk
analysis
will
be
powered
by
YieldNest’s
Independent
Risk
Team,
which
will
dive
deeply
into
the
purpose
and
usefulness
of
restaking
and
identifying
which
blockchains
are
best
suited.

“YieldNest
aims
to
become
a
powerhouse
in
Liquid
Asset
Management,
offering
premier
programmatic
yield
layer
for
restaked
DeFi
assets.
The
launch
of
ynBNB
marks
the
beginning
of
our
journey
to
develop
the
restaking
landscape
on
the
BNB
Chain.
Our
new
token,
ynBNB,
enhances
returns,
facilitates
participation
in
Kernel,
Karak,
and
Binomial’s
ecosystems,
and
earns
additional
incentives.
This
launch
is
a
significant
step
towards
a
future
where
crypto
staking
and
restaking
are
more
rewarding,
accessible,
and
secure
than
ever
before.“ – says
Amadeo
Brands,
YieldNest’s
CEO
&
Co-Founder.

About 

YieldNest
is
an
asset
management
layer
for
restaking.
Its
liquid
restaking
protocol
optimizes
yield
generation
on
staked
assets
through
diversified,
risk-adjusted
strategies.
Built
on
the
EigenLayer
protocol,
it
maximizes
yield
by
mitigating
slashing
risks
through
due
diligence
and
strategic
staking
choices.
YieldNest’s
innovative
approach
ensures
returns
by
integrating
advanced
strategies
and
a
robust
yield
layer
across
DeFi.

YieldNest
is
backed
by
Faculty
Capital,
Backed
VC,
Proof
Capital,
and
others,
along
with
notable
angels,
including
the
founders
of
Curve
(Michael
Egorov,
Martin
Krung
&
Naga
King),
Kyber
(Loi
Luu),
Frax
(Sam
Kazemian),
and
other
contributors.

For
more
information,
please
visit https://www.yieldnest.finance/