YieldNest
Staking · Liquid Restaking · ynETH
YieldNest issues ynETH and other 'MAX' liquid restaking tokens that bundle curated AVS and strategy exposure into risk-managed baskets.
Curated liquid restaking baskets (MAX LRTs).
ynETH price
$0.0004
-1.2% 24h
Latest data · 15 min delay
Research
Components, facts, FAQ, timeline, and tokenomics in one place
Main components (5)
MAX LRTs (MAX Vaults)
YieldNest's core product: curated liquid restaking baskets that bundle multiple restaking and DeFi strategies into a single liquid token. Four asset-specific vaults exist: ynETH MAX (ynETHx) for ETH strategies, ynBTC MAX (ynBTCx) for BTC, ynUSD MAX (ynUSDx) for stablecoins, and ynBNB MAX (ynBNBx) for BNB. Each MAX LRT targets optimized risk-adjusted returns.
ynETH
YieldNest's native liquid restaking token for Ethereum. Users deposit ETH and receive ynETH, natively restaking into EigenLayer to earn base-layer staking rewards plus restaking rewards while retaining liquidity. Launched on Ethereum mainnet on May 16, 2024.
ynBNB
The first BNB liquid restaking token on BNB Chain, launched September 12, 2024. Built on top of Lista DAO's slisBNB and aggregates yield across BNB-chain restaking protocols including Kernel, Karak, and Binomial.
NEST AI
AI-driven strategy engine that dynamically rebalances allocations between restaking and DeFi protocols, optimizes collateral allocation for capital efficiency, executes cross-protocol arbitrage across MAX LRTs, and monitors systemic risk to adjust risk parameters.
YND / veYND governance
YND is the governance token (TGE June 3, 2025). Users lock YND to obtain vote-escrowed veYND (minimum 42 YND, 30-day exit queue). veYND holders direct gauge incentives, vote on fees and integrations, and receive protocol revenue via a buyback-and-distribute model.
Differentiator
Opinionated, curated LRT baskets ('MAX' tokens) that package AVS selection and risk management for users.
Organizational structure
Units & roles
- Protocol administration / multisig control
Security Council
Core-team-controlled multisigs manage access controls, parameters, upgrades, and emergency functions (e.g., pausing). LlamaRisk notes this creates centralization risk; the protocol intends to transition from Security Council control to DAO (veYND) governance over time.
Investment rounds
| Date | Round | Amount | Investors | Link |
|---|---|---|---|---|
| 2024-04-17 | Contribution round | $5.2M | Faculty GroupBacked VCSam Kazemian (Frax)Michael Egorov (Curve)Loi Luu (Kyber)Proof CapitalLVT CapitalContangoMozaik CapitalKahunaRana CapitalInsignius CapitalCKC | Source |
Similarity to traditional finance products
How YieldNest maps onto established TradFi structures, and where it diverges.
| TradFi product | Similarity to YieldNest | Key differences |
|---|---|---|
| Actively managed multi-strategy yield fund / fund-of-funds | A MAX LRT resembles a professionally managed fund-of-funds: user capital is pooled and allocated across many underlying yield strategies, and holders receive a single liquid share token representing diversified exposure with dynamic rebalancing. | Rebalancing is executed on-chain by NEST AI and smart contracts rather than a human fund manager; shares are permissionlessly redeemable via an on-chain withdrawal buffer; there is no custodian or transfer agent, but there is smart-contract, slashing, and depeg risk absent from traditional funds. |