{"id":17757,"date":"2024-05-15T12:36:16","date_gmt":"2024-05-15T12:36:16","guid":{"rendered":"https:\/\/www.fundsspectrum.com\/2024\/05\/15\/liquid-restaking-protocol-yieldnest-launches-yneth-on-mainnet\/"},"modified":"2024-05-15T12:36:16","modified_gmt":"2024-05-15T12:36:16","slug":"liquid-restaking-protocol-yieldnest-launches-yneth-on-mainnet","status":"publish","type":"post","link":"https:\/\/www.fundsspectrum.com\/2024\/05\/15\/liquid-restaking-protocol-yieldnest-launches-yneth-on-mainnet\/","title":{"rendered":"Liquid Restaking Protocol YieldNest Launches ynETH on Mainnet"},"content":{"rendered":"
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London, UK \u2013 15\/05\/2024 \u2013 (<\/span><\/span>SeaPRwire<\/span><\/span><\/a><\/span>) \u2013<\/span><\/span> YieldNest<\/span><\/span><\/span><\/a>, an innovative liquid restaking protocol, proudly announces the official launch of ynETH on Mainnet after securing <\/span><\/span>$5.2MIL in their initial round<\/span><\/span><\/span><\/a>. 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. <\/span><\/span><\/span><\/span><\/p>\n

<\/span><\/span><\/span><\/span><\/p>\n

\u00a0A word from the CEO of YieldNest about this achievement:<\/span><\/span><\/b><\/span><\/span><\/p>\n

\u201cWe 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. \u201d Amadeo Brands<\/span><\/span><\/i><\/span><\/span><\/p>\n

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.<\/span><\/span><\/span><\/span><\/p>\n

YieldNest\u2019s 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.<\/span><\/span><\/span><\/span><\/p>\n

<\/span><\/span><\/b><\/span><\/span><\/p>\n

Simplified overview of the rewards possibilities<\/span><\/span><\/i><\/span><\/span><\/p>\n

Special Launch Program<\/span><\/span><\/b><\/span><\/span><\/p>\n

To celebrate the launch on Mainnet and reward early supporters, YieldNest launched their <\/span><\/span>Seeds Program<\/span><\/span><\/span><\/a>. Users have the unique opportunity to receive a 5x boost multiplier<\/b> on their Seeds for 7 days. <\/span><\/span><\/span><\/span><\/p>\n

This exclusive campaign ends on May 21, at 11:59 PM UTC. <\/span><\/span><\/i><\/span><\/span><\/p>\n

Pioneer Program<\/span><\/span><\/b><\/span><\/span><\/p>\n

To make it even more exciting \u2013 YieldNest is launching their <\/span><\/span>Pioneer Program<\/span><\/span><\/span><\/a>, 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<\/b>.<\/span><\/span><\/span><\/span><\/p>\n

This exclusive campaign ends on May 28, at 11:59 PM UTC. <\/span><\/span><\/i><\/span><\/span><\/p>\n

Are you ready to be among the FIRST to maximize your ETH rewards? Follow this <\/span><\/span>step-by-step guide<\/span><\/span><\/span><\/a> to restake your ETH.<\/span><\/span><\/span><\/span><\/p>\n

It\u2019s time to dive into YieldNest.<\/span><\/span><\/span><\/span><\/p>\n

Why YieldNest?<\/span><\/span><\/b><\/span><\/span><\/p>\n

YieldNest ensures high security and risk management. They recently received top tier <\/span><\/span>security audits<\/span><\/span><\/span><\/a> from ChainSecurity and Zokyo. They also launched their independent risk and research group, the <\/span><\/span>YieldNest Risk Team<\/span><\/span><\/span><\/a> 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.<\/span><\/span><\/span><\/span><\/p>\n

Not to mention that YieldNest is backed by the best of the industry. Hereby a few notable names:<\/span><\/span><\/span><\/span><\/p>\n

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.<\/span><\/span><\/span><\/span><\/p>\n

How to get ynETH?<\/span><\/span><\/b><\/span><\/span><\/p>\n