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
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Opinionated, curated LRT baskets ('MAX' tokens) that package AVS selection and risk management for users.
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.
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.
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.
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 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.
$5.2M (announced 2024-04-17, led by Faculty Group)
YieldNest Medium - $5.2M contribution roundJune 3, 2025
Bitcoinist - YieldNest TGE / YND launchMinimum 42 YND to lock; 30-day exit queue
YieldNest Docs - YND & veYND TokenomicsHow YieldNest maps onto established TradFi structures, and where it diverges.
Actively managed multi-strategy yield fund / fund-of-funds
YieldNest
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.
TradFi analogue
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.
Security Council
Protocol administration / multisig control 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.
Contribution round
2024-04-17$5.2M
Key milestones: launches, upgrades, exploits and governance events.
ynETH mainnet launch
ExecutedNative ETH liquid restaking token goes live on Ethereum mainnet.
SourceynBNB launch on BNB Chain
ExecutedFirst BNB liquid restaking token launches, extending YieldNest beyond Ethereum.
SourceYND governance token TGE
ExecutedGovernance token launches; protocol begins transition toward veYND-based DAO governance.
SourceYieldNest is a liquid restaking protocol that consolidates restaking and DeFi strategies into single liquid tokens called MAX LRTs. It offers curated, risk-adjusted baskets (ynETH MAX, ynBTC MAX, ynUSD MAX, ynBNB MAX) plus native LRTs like ynETH, aiming to maximize risk-adjusted yield while keeping deposits liquid.
MAX LRTs are curated liquid restaking baskets that aggregate multiple restaking and DeFi strategies into one liquid token per asset class. NEST AI dynamically rebalances between strategies to optimize capital efficiency and risk-adjusted returns.
ynETH is YieldNest's native ETH liquid restaking token. Users deposit ETH and receive ynETH, which natively restakes ETH into EigenLayer to earn both base-layer staking rewards and restaking rewards without sacrificing liquidity. It launched on Ethereum mainnet on May 16, 2024.
YND is YieldNest's governance token, launched at TGE on June 3, 2025. YND is locked to mint vote-escrowed veYND, which grants governance power (gauge incentive allocation, fee and integration votes) and a share of protocol revenue distributed through a buyback-and-distribute model.
Yes. YieldNest contracts have undergone multiple audits by ChainSecurity, Zokyo, Composable Security, and NFR Audits, covering ynETH, ynLSDe, the MAX LRT product, ynBTCk, and ynBNBx. It also runs an Immunefi bug bounty and uses HyperNative for real-time threat detection.
