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Liquid Restaking Protocol YieldNest Launches ynETH on Mainnet!

2 mins
Updated by Maria Petrova
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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 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.

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. 

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 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:

  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! 

YieldNest has recently  launched, so you are still early. Make sure you grab your chance to be one of the first and get rewarded along the way.

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.

Top crypto projects in the US | May 2024

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This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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