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SirWin
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SirWin

Liquid restaking protocol YieldNest launches ynETH on mainnet

Press Releases
Liquid restaking protocol YieldNest launches ynETH on mainnet

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

YieldNest, an innovative liquid restaking protocol, proudly announces the official launch of ynETH on Mainnet after securing $5.2MIL in their initial round

This was all made possible as a result of the hard work and dedication of their team and marks the start of a new chapter. 

“We are thrilled to announce the launch of YieldNest on Mainnet. This milestone represents our dedication and vision to revolutionize the liquid restaking landscape. With YieldNest, we are not just providing a solution; we are shaping the future of decentralized finance. ”

Amadeo Brands, the CEO of YieldNest

Restaking ETH on YieldNest is simple, where users receive ynETH (a native liquid restaking token) to earn base layer and restaking rewards. YieldNest provides an easy solution for ETH holders to natively restake their ETH into EigenLayer and earn rewards without sacrificing liquidity.

YieldNest’s mission is to ensure a seamless and secure user experience while simultaneously enhancing the Ethereum ecosystem and delivering consistent, sustainable yields to its users over the long term.

Liquid restaking protocol YieldNest launches ynETH on mainnet - 1

Simplified overview of the rewards possibilities

Special launch program

To celebrate the launch on mainnet and reward early supporters, YieldNest launched their Seeds Program. Users have the unique opportunity to receive a 5x boost multiplier on their Seeds for 7 days.  

This exclusive campaign ends on May 21 at 11:59 PM UTC. 

Pioneer program

To make it even more exciting – YieldNest is launching their Pioneer Program, which rewards users who restake 5 ETH or more. They will receive eligibility to mint an exclusive NFT that will provide a 15% permanent Seed boost.

This exclusive campaign ends on May 28 at 11:59 PM UTC. 

Are you ready to be among the FIRST to maximize your ETH rewards? Follow this step-by-step guide to restake your ETH.

Why YieldNest?

YieldNest ensures high security and risk management. They recently received top-tier security audits from ChainSecurity and Zokyo. 

They also launched their independent risk and research group, the YieldNest Risk Team, powered by the LlamaRisk team from Curve. This team carefully selects and fully vets operators and AVSs with the highest possible risk-adjusted yield with risk assessment.

Not to mention that YieldNest is backed by the best in the industry. Here are a few notable names:

Lead Contributor Faculty Group, along with venture capitalists Backed VC, Frax Founder Sam Kazemian, Curve founder Michael Egorov, Kyber founder Loi Luu, Convex co-founders Winthorpe & C2TP, Proof Capital, LVT Capital, Contango, Mozaik Capital, Kahuna, Rana Capital, Insignius Capital, CKC, and angels & advisors from blue-chip DeFi teams at Algorand (Steve Kokinos), Curve (Martin Krung & Nagaking), Moralis (Ivan on Tech), Yearn (Wavey), Google (Allen Day) & others.

How to get ynETH?

Restaking with YieldNest is simple and secure:

  1. Visit their website
  2. Go to the app
  3. Select ynETH
  4. Select the amount of ETH you want to deposit
  5. Confirm the transaction
  6. Done! 
Liquid restaking protocol YieldNest launches ynETH on mainnet - 2

YieldNest has recently launched, so you are still early. Ensure you grab your chance to be among the first and get rewarded.

About YieldNest

Led by a team of industry veterans, YieldNest aims to become EigenLayer’s top liquid restaking solution, unlocking the next generation of ETH yields through custom-tailored restaking strategies.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.