YieldNest Launches Liquid Staking Derivatives ynLSDe

General

August
20th
– YieldNest,
an
asset
management
layer
for
restaking,
announces
the
launch
of
the
ynLSDe
token
that
represents
Liquid
Staking
Derivatives.
This
will
allow
the
holders
of
Ether
staked
with
Lido,
FRAX,
Origin
Protocol,
or
Mantle
to
earn
additional
yield
from
AVS
through
restaking.

Why
does
it
matter?

LSDs
allow
users
to
restake
their
assets
while
retaining
liquidity,
meaning
they
can
still
use
their
staked
assets
in
other
DeFi
activities.
ynLSDe
enables
restaking
already-staked
ETH
assets
from
other
platforms,
offering
additional
rewards
while
maintaining
liquidity.

Users
get
ynLSDe
by
putting
stETH
(Lido),
sfrxETH
(FRAX),
or
mETH
(Mantle),
OETH
(Origin
Protocol)
into
YieldNest’s
restaking
pool.
ynLSDe
acts
as
a
tradable
and
liquid
“receipt”
token
representing
the
underlying
yield-generating
restaked
token.
The
generated
restaking
rewards
are
distributed
back
to
ynLSDe
holders.

YieldNest
aggregates
all
sources
of
potential
yield
for
users,
which
includes
EigenLayer
Points,
YieldNest
Seeds,
yields
from
Actively
Validated
Services
(AVS),
and
even
AVS
Airdrops
on
top
of
the
yield
from
staked
ETH,
which
is
a
bit
higher
than
the
native
staking
yield
of
ETH
put
into
EigenLayer
itself.
ynETH
can
function
as
collateral
for
the
basket
itself
or
serve
as
collateral
for
isolated
AVS
categories.

Why
is
restaking
on
the
rise?

The
adoption
of
restaking
as
a
method
for
earning
passive
income
and
the
demand
for
more
efficient
capital
utilization
in
DeFi
are
rising.
According
to
DeFiLLama,
over
the
past
12
months,
Total
Value
Locked
in
liquid
restaking
has
more
than
doubled,
growing
from
$19.4
billion
to
$50.5
billion
(*will
need
to
adjust
at
the
date*).

The
market
capitalization
of
Liquid
Staking
Tokens
(LST)
accepted
by
YieldNest
exceeds
$25
billion,
showcasing
the
existing
demand
for
Liquid
Staking
Derivatives.

Why
does
ynLSD
stand
out?

YieldNest’s
ynLSDe
offers
unique
features
that
differentiate
it
from
competitors,
such
as:

Native
restaking –
While
many
protocols
use
a
single
restaking
token
for
both
native
and
liquid
restaking
products,
YieldNest
introduced
ynETH
for
native
restaking
and
ynLSDe
specifically
for
liquid
restaking.
This
distinction
provides
greater
transparency,
allowing
one
to
make
more
informed
decisions
tailored
to
their
specific
needs,
goals,
and
risk
appetite.
Basket
composition –
ynLSDe
maximizes
staked
ETH
assets.
It’s
designed
as
a
YieldNest
Curated
AVS
Baskets
and
can
function
as
collateral
for
the
basket
itself
or
serve
as
collateral
for
isolated
AVS
categories.
Dynamic
allocation
for
higher
yield
outcomes –
Liquid
Restaking
Tokens
(LRTs)
are
designed
to
offer
higher
yield
outcomes
through
dynamic
allocation.
By
optimizing
how
staked
assets
are
allocated
across
various
strategies,
YieldNest
enhances
potential
returns,
starting
with
ynLSDe;
A
lower
attack
surface
due
to
cleaner
implementation—Security
is
ynLSDe’s
top
priority.
Token’s
code
is
designed
with
simplicity
and
efficiency
in
mind,
minimizing
unnecessary
complexity
and
potential
vulnerabilities.

Why
YieldNest?

YieldNest
delivers
an
easy
solution
for
ETH
holders
to
restake
their
ETH
into
EigenLayer
and
earn
rewards
while
maintaining
liquidity.
It
is
secured
through
the
use
of
Native
Liquid
Restaking
Tokens
(nLRTs)
and
Liquid
Restaking
Tokens
(LRTs)
representing
their
restaked,
yield-generating
ETH
or
ERC20
tokens.

YieldNest
tailors
its
restaking
strategies
to
align
with
each
user’s
risk
tolerance
and
investment
goals.
YieldNest
offers
both
internal
and
external
curated
AVS
baskets,
as
well
as
isolated
AVS
categories,
allowing
users
to
choose
from
native
restaking
(ynETH),
liquid
restaking
solutions
(ynLSDe),
or
specific
isolated
products.
This
approach
ensures
that
users
can
select
the
most
suitable
risk-adjusted
strategy,
whether
they
prefer
a
diversified
basket
or
a
focused,
single-asset
solution.

YieldNest
offers
secure
liquid
restaking,
maximizing
yield
by
mitigating
slashing
risks
through
due
diligence
and
strategic
staking
choices
for
better
profits.
All
AVSs
in
the
baskets
that
YieldNest
offers
undergo
an
intensive
research
and
assessment
process
by
YieldNest’s
Risk
Team,
allowing
users
to
choose
the
most
appropriate
strategy
for
them
based
on
the
risk
evaluation.

‘’We
have
created
an
opportunity
for
LST
holders
to
earn
yield
from
AVS
through
restaking
without
selling
off
their
tokens.
We
are
streamlining
complex
financial
products
in
DeFi,
broadening
their
audience,
and
fostering
the
development
of
a
decentralized
financial
system.
By
offering
a
new
product
for
liquid
staked
derivatives,
we
aim
to
drive
the
market
of
derivative
financial
products
in
DeFi,
boosting
profits
while
maintaining
a
low-risk
profile
for
users
seeking
liquidity
and
increased
yield
for
their
tokens.”
– 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/