YieldNest Research Report: Unlocking New Ways to Re-Stake ETH Liquidity

📌 Project Overview

YieldNest is a liquidity re-staking protocol powered by EigenLayer, designed to provide users with a more efficient and secure ETH re-staking experience. By integrating multiple sources of yield, YieldNest offers nLRTs (Native Liquid Restaking Tokens) and LRTs (Liquid Restaking Tokens), allowing users to continue participating in the DeFi ecosystem and earn additional income without locking their assets.

📈 Core Advantages

1. Simplified Re-staking Process

YieldNest abstracts the complexities of the re-staking process, providing a one-stop, transparent, and secure re-staking service, enabling users to participate without manual operations.

2. Complete Liquidity

Unlike traditional re-staking, YieldNest offers complete liquidity, allowing users to obtain nLRTs and LRTs, which can be used across multiple DeFi protocols, including trading on decentralized exchanges, lending, or participating in liquidity mining as collateral.

3. Curated AVS Categories

YieldNest provides controlled investments in AVS (Decentralized Financial Assets) categories, allowing users to choose between Isolated or Basket AVS categories, focusing on specific or diversified portfolios while managing risk.

4. Risk Control and Due Diligence

YieldNest collaborates with LlamaRisk to offer users one-click due diligence services, ensuring that selected operators have a good track record and reducing the risk of fund slashing.

📊 Product Highlights

1. ynBNB: The First Liquid Re-staking Token on BNB Chain

YieldNest has launched the first liquid re-staking token ynBNB on the BNB Chain, allowing users to earn higher yields by re-staking slisBNB while participating in top re-staking protocols like Kernel, Karak, Binomial.

2. ynLSD: An Innovative Solution for ETH Liquid Re-staking

YieldNest has introduced ynLSD, allowing users to stake tokens like stETH, sfrxETH, mETH, OETH to generate tradable ynLSDe tokens, representing underlying yields and future additional rewards.

3. ynETH: The First Product for ETH Liquid Re-staking

YieldNest is launching ynETH, its first liquidity re-staking product, which automatically enhances and compounds ETH yields through a curated AVS basket.

📉 Market Performance and Financing Dynamics

1. Financing Situation

YieldNest has completed a new round of financing of $5.2 million, with participation from well-known institutions such as Faculty Group, Backed VC, Proof of Capital, Mozaik Capital.

2. Community and Ecosystem Partnerships

YieldNest has established partnerships with top projects like KernelDAO, Mira, Symbiotic, and will bring more benefits to users through strategic airdrops in the future.

⚠️ Risk Warning

• Yield Volatility: Re-staking yields are significantly affected by market fluctuations and AVS performance, requiring careful risk assessment.
• Technical Risks: Although YieldNest provides security audits, any DeFi protocol carries certain technical risks.
• Regulatory Uncertainty: As countries tighten regulations on crypto assets, there may be uncertainties arising from potential policy changes in the future.

📌 Summary

As an important participant in the EigenLayer ecosystem, YieldNest is opening new income channels for users through its innovative liquidity re-staking products. Its advantages such as simplified processes, complete liquidity, curated AVS, and risk control make it stand out in the competitive LRT market. For users seeking high yields while maintaining asset liquidity, YieldNest is a project worth关注.