CandleFocus YieldNest Unveils First Liquid-Restaking Token on BNB Chain as Return-Boosting Strategy Gains Ground
2024-09-12
Author: Content Editor
YieldNest, a restaking protocol, has introduced ynBNB, the first liquid-restaking token on the BNB Chain. Restakers can earn additional yield and reward points, called Seeds, which make them eligible for token airdrops. YieldNest will collaborate with existing restaking protocols Kernel, Karak, and Binominal. Restaking protocols allow investors to maximize their yield on top of native staking and have gained over $25 billion in total value locked since emerging in June 2023. YieldNest's Seeds program allows users to earn stake in future rewards and gain eligibility for airdrops. Amadeo Brands, CEO & co-founder of YieldNest, stated that the launch of ynBNB marks the beginning of their journey to develop the restaking landscape on the BNB Chain.
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