Curated News
By: NewsRamp Editorial Staff
September 12, 2024
YieldNest Launches ynBNB - The First BNB Liquid Restaking Token on BNB Chain
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- Earn additional rewards beyond native BNB staking returns by restaking into ynBNB, paving the way for new levels of engagement and profitability in the crypto space.
- Liquid Restaking Token allows users to restake already-staked tokens in a way that keeps them liquid, while earning additional rewards through YieldNest's advanced infrastructure.
- YieldNest's ynBNB enhances returns, facilitates participation in restaking ecosystems, and earns additional incentives, making crypto staking and restaking more rewarding, accessible, and secure.
- YieldNest introduces ynBNB - the first BNB Liquid Restaking Token, offering a seamless, efficient, and highly rewarding restaking solution for crypto assets.
Impact - Why it Matters
This news matters because it introduces a new way for crypto investors to earn additional rewards through liquid restaking, providing a potential boost in profitability. It also signifies the beginning of a future where crypto staking and restaking are more rewarding, accessible, and secure than ever before.
Summary
YieldNest, an asset management layer for restaking, has launched ynBNB – the first BNB Liquid Restaking Token (LRT) on BNB Chain. This new token allows users to earn additional rewards beyond their native BNB staking returns, opening up new opportunities for profitability in the crypto space. YieldNest has also partnered with top-tier restaking protocols on BNB Chain to optimize returns, including Kernel, Karak, and Binomial.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, YieldNest Launches ynBNB - The First BNB Liquid Restaking Token on BNB Chain
