In a move that sees the liquid restaking industry gain strength, YieldNest and PrimeStakedhave teamed up. The motive: provide the industry with exceptional restaking services in the DeFi sector.
With the merger, YieldNest has also announced new products that bring unmatched benefits. This includes ynLSD (through ynLSDe and ynLSDs) and ynUSDs, with added advantages for primeETH and YieldNest users.
Liquid Restaking Journey, Together
YieldNest and PrimeStaked joining hands is more than just two similar crypto protocols combining. The merger offers some very distinct advantages.
PrimeStaked users gain access to the innovative YieldNest products on the offering (and more planned), putting them ahead. Celebrating the successful merger, YieldNest is offering benefits that include a special PrimeStaked YieldNest airdrop and a YieldNest Seeds bonus.
For OETH holders who have 5 or more, YieldNest is offering a Pioneer NFT along with a lifetime 15% Seeds boost. All users will also receive AVS and Network Yields, including any AVS airdrops.
Innovative Liquid Staking Derivative By YieldNest
With the merger, YieldNest has announced new products that users can take advantage of.
The ynLSD offers users high staking returns, while still retaining the liquidity of the underlying assets. This gives them the option to take ynLSD and use them in different DeFi services. ynLSD consists of two different products, the ynLSDe, and ynLSDs.
ynLSDe caters to liquid restaking on the EigenLayer ecosystem. ynLSDe provides holders with max risk-adjusted yields and EigenLayer rewards, thanks to bespoke restaking strategies being offered by YieldNest.
The second, ynLSDs is similar to the former, but this time for the Symbiotic network. Just like its counterpart for EigenLayer, ynLSDs offers exceptional yields and rewards for the Symbiotic network.
For users who want more asset value stability, but still looking for the YieldNest benefits, can always use ynUSDs. The stablecoin liquid restaking asset from YieldNest offers returns that are adjusted for risk, while still offering a higher-than-normal yield on the Symbiotic network.
About YieldNest and PrimeStake
Backed by Origin Protocol, PrimeStaked has always kept ahead of the DeFi curve, thanks to its continual strive to innovate.
Known for its groundbreaking DeFi services that are focused on max risk-adjusted returns, YieldNest has made a name for offering solutions like isolated liquid restaking tokens.
Backed by esteemed backers, YieldNest has the support of Michael Egorov (Curve Founder), Sam Kazemian (Frax), Steve Kokinos (Algorand), and many others.
YieldNest’s DAO Future
In its bid to be a self-sustaining and self-controlled ecosystem, YieldNest is striving to become a DAO in the future, with sub-DAOs for an effective community-controlled system. With governance within their hands, the users will have control over issues such as voting on proposals, or putting forth new ones.
Led by industry leaders and veterans, this transformation will see YieldNest become one of the top liquid restaking platforms.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
