YieldNest Gears Up for ynETH Launch Following $5.2M Contribution Round

Tuesday, 16 April 2024, 14:24

YieldNest, a liquid restaking protocol, raises $5.2 million in a successful contribution round, led by industry veterans, to launch ynETH. The restaking token aims to enhance and compound ETH yields through a curated AVS basket. The oversubscribed round highlights confidence in YieldNest's approach to simplifying and boosting restaking strategies, setting new standards in the fast-growing niche.
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YieldNest Gears Up for ynETH Launch Following $5.2M Contribution Round

YieldNest Gears Up for ynETH Launch

YieldNest, a promising player in the liquid restaking market, has secured $5.2 million in a recent contribution round. The round, oversubscribed, featured contributions from well-known industry leaders and angel investors.

YieldNest Successfully Closes $5.2M Contribution Round

YieldNest is poised for its inaugural product release, ynETH, this month, offering enhanced ETH yields through a custom AVS basket. Industry veterans lead the way in building innovative restaking solutions.

Contributors include leaders like Faculty Group and notable venture capitalists, backing a team experienced in the DeFi space.

Building Cutting-Edge LRT Products

YieldNest focuses on developing liquid staking products to empower restakers in a rapidly evolving market. The upcoming product ynETH will boost ETH yields through a curated AVS basket, ensuring enhanced yields for investors.

By abstracting operational complexities, YieldNest aims to revolutionize restaking strategies and set new industry standards. Venture capitalists and industry veterans laud YieldNest's approach and product offerings.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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