Enhancing ETH Yields with YieldNest
YieldNest simplifies and enhances ETH yields for EigenLayer restakers through curated AVS Baskets and specific AVS categories, reducing risk and operational complexity. Industry veterans-led liquid restaking protocol YieldNest is gearing up for its first product release, ynETH, later this month. This liquid restaking token boosts and auto-compounds ETH yields from a custom-curated AVS basket.
The Success of $5.2M Contribution Round
– YieldNest, a new player in the liquid restaking (LRTFi) market, successfully closes a contribution round, raising $5.2 million.
– Contributions from round leader Faculty Group, venture capitalists Backed VC, Curve founder Michael Egorov, Kyber founder Loi Luu, Convex co-founders Winthorpe & C2TP, and others.
– Positive statements from CEO and lead contributors regarding the future vision and growth potential of YieldNest.
Building Cutting-Edge LRT Products
YieldNest is developing innovative products in the liquid staking space focusing on EigenLayer’s security and decentralized trust markets. Its upcoming product, ynETH, is a restaking token that boosts and auto-compounds ETH yields through a curated AVS basket with different AVS categories included. Key points include:
– Chain Security auditing the protocol.
– An independent risk research and R&D team by LlamaRisk for security monitoring.
– YieldNest’s visionary approach to liquid restaking and setting new standards in the industry.
Commenting on the round:
“Closure of our contribution round is not just a milestone but a catalyst that propels us towards realizing the vision we have crafted to push restaking to new levels. We’re grateful and energized to pursue this transformative journey with our investors and partners.” – Shawn Fladager, Co-Founder YieldNest
“When we spoke with Amadeo, we knew Yieldnest was offering something unique. The curated AVS basket pool and the option to select specific AVS categories are huge differentiators compared to other LRT protocols. We are very excited and look forward to working with Amadeo and the Yieldnest team.” – Jonathan Chee, Co-Founder Mozaik Capital
For press inquiries concerning YieldNest, please contact.
About YieldNest
Led by a team of industry veterans, YieldNest aims to become EigenLayer’s top liquid restaking solution, unlocking the next generation of ETH yields through custom-tailored restaking strategies.
Hot Take: The Future of YieldNest
– With a successful contribution round, YieldNest is poised to revolutionize the liquid restaking market.
– The innovative approach to boosting ETH yields and managing risk sets YieldNest apart in the industry, signaling future growth and development opportunities.
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