Liquid Restaking Protocol YieldNest Launches ynETH on Mainnet
London, UK, May 16th, 2024, Chainwire
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.
A word from the CEO of YieldNest about this achievement:
“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
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 potentially 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 ynETH to its users over the long term.
Simplified overview of the rewards possibilities
Special Launch Program
To celebrate the launch on Mainnet and reward early supporters, YieldNest launched their Seeds Program, giving users the chance 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
YieldNest is launching their Pioneer Program, rewarding users who restake 5 ETH or more with eligibility to mint an exclusive NFT that provides a 15% permanent Seed boost.
This exclusive campaign ends on May 28, at 11:59 PM UTC.
Users can follow this step-by-step guide to restake their 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 which is 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 of the industry. Hereby 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:
- Visiting the website.
- Navigating to the app.
- Selecting ynETH.
- Choosing the amount of ETH to deposit.
- Confirm Confirming the transaction.
For press inquiries concerning YieldNest, please contact media@yieldnest.finance.
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.
YieldNest is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
