YieldNest, a liquid restaking protocol on Ethereum, is being integrated into Figment’s suite of supported networks. We are helping to redefine decentralized finance staking strategies and expand opportunities for ETH stakers. This marks a new chapter in simplifying staking through YieldNest’s carefully curated restaking strategies.
What Is YieldNest?
YieldNest is a liquid restaking protocol that enables users to earn more rewards by restaking their Ethereum holdings. Leveraging the EigenLayer framework, YieldNest provides an intuitive way for ETH holders to boost their rewards through actively validated services (AVS), all while maintaining liquidity via Liquid Restaking Tokens (LRTs) and native Liquid Restaking Tokens (nLRTs).
YieldNest’s mission is to remove complexities and risk for stakers, offering risk-adjusted strategies to maximize returns. Their flagship native token, ynETH, empowers participants to remain liquid while staking on Ethereum.
YieldNest Key Features:
- Isolated Deposit Pool: Segregates deposits to minimize risk and ensure a secure restaking environment.
- Curated AVS Baskets: Offers transparent, pre-vetted baskets of AVS to maximize rewards and diversify risk.
- Isolated AVS Strategies: Customizable AVS selection to suit individual staking preferences.
- Independent Risk Monitoring: YieldNest’s Risk Team continually assesses the protocol to identify and mitigate potential risks.
- Symbiotic Ecosystem: Strengthens collaboration between AVS, operators, and stakers for a secure and profitable staking experience.
- ynETH and Liquid Restaking Tokens: Provides liquidity to stakers while unlocking opportunities to earn rewards across decentralized finance (DeFi) through Ethereum.
As a recognized leader in staking, Figment’s support for YieldNest aligns with our vision of providing innovative, secure staking opportunities for all. Stay tuned for more updates on how Figment powers YieldNest.
About YieldNest
YieldNest stands at the forefront of liquid restaking, offering a seamless solution for ETH holders to natively restake their assets, earning rewards without compromising liquidity. YieldNest is meticulously curated to foster a symbiotic relationship among Stakers, Node Operators, and Actively Validated Services (AVSs).
YieldNest’s innovative approach maximizes rewards for both restakers and Node Operators by creating a trust-minimized ecosystem that seamlessly connects and simplifies the complexities of running ETH validators and AVSs on EigenLayer, providing an integrated platform that enhances both efficiency and reward potential.
Through YieldNest, ETH holders can effortlessly restake their assets, while Node Operators benefit from a streamlined process that facilitates the operation of validators and AVSs. YieldNest’s mission is to drive the growth and success of the decentralized finance ecosystem through cutting-edge technology and unparalleled support for its users.
To learn more about how YieldNest is revolutionizing the restaking landscape, please visit yieldnest.finance.
The information herein is being provided to you for general informational purposes only. It is not intended to be, nor should it be relied upon as, legal, business, tax, or investment advice. Figment undertakes no obligation to update the information herein.
