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
+0.8% 24h
Latest data · 15 min delay
MAX LRT vaults and LRT contracts carry share-issuance inflation-attack and reentrancy risk from external protocol interactions. An early Zokyo audit found (and resolved) a high-severity inflationary/share-allocation attack in ynETH, and upgradeable beacon-pattern contracts add upgrade-vulnerability surface despite timelocks.
Access controls, parameters, upgrades, and emergency pause are managed by core-team multisigs (Security Council), creating centralization risk. The planned transition from Security Council to veYND DAO governance introduces additional uncertainty (per LlamaRisk).
The LSDRateProvider relies on a single price feed for LST rate accuracy; LlamaRisk notes additional price sources would reduce reliance and that this dependency is vulnerable to mispricing and depeg events.
MAX LRTs and native LRTs hold liquid staking token collateral (e.g., slisBNB, various LSDs) that carries inherent depeg exposure; a depeg of underlying collateral or the LRT itself on secondary AMMs could impair redemptions at par.
Heavy dependence on third-party protocols (EigenLayer, Kernel, Karak, Binomial, Lista DAO, Curve, etc.) and on selected operators. Operator performance and third-party protocol failures directly affect yield and principal safety.
As a restaking protocol on EigenLayer (and Kernel/Karak on BNB Chain), restaked assets are subject to slashing penalties for operator/AVS misbehavior; EigenLayer's slashing (ELIP-002) makes slashing outcomes more probable, and withdrawal buffers may be insufficient under stress, forcing queues or reliance on secondary-market liquidity.
