YieldNest Unveils First Liquid-Restaking Token on BNB Chain as Return-Boosting Strategy Gains Ground

YieldNest collects various opportunities for earning returns and provides access to reinvestment platforms such as Kernel Protocol, Karak, and Binominal. By reinvesting through these chosen platforms, users can earn returns and bonus points.

Restaking methods are created to allow investors to increase their earnings beyond traditional staking. As a field, restaking has amassed over $25 billion in total value locked (TVL) since its introduction on the Ethereum blockchain in June 2023. Since then, restaking protocols have become operational on various layer-1 blockchains, such as Solana, accumulating more than $4 billion in TVL.

In many cases, protocols provide points as rewards to stakers, which can later be exchanged for tokens during an airdrop event. YieldNest is implementing this mechanism via its Seeds program. By amassing Seeds, users become eligible for future reward shares and stand a chance to qualify for upcoming airdrops.

The protocol adjusts its re-staking tactics according to each user’s risk appetite and financial objectives, ensuring a balanced approach to risk management. It also employs an internal risk assessment team for independent evaluation.