ynBTCk

ynBTCk is a Liquid Restaking Token (LRT) developed to optimize yield from Liquid Staking Tokens (LSTs) by restaking with Kernel. With ynBTCk, users can maximize their returns by restaking BTC tokens, such as BTCB, solvBTC and solvBTC.BBN . ynBTCk is a strategy LRT dedicated to restaking into Kernel.

Key Features

Restaking of BTC LSTs: Stake your BTC derivatives to get BTCB (from Binance), solvBTC and solvBTC.BBN (both from Solv), which can be used to leverage Kernel.

Supported tokens:

• Binance: BTCB
• Solv: solvBTC and solvBTC.BBN

Reward Accumulation: Earn from BTC LST's staking yields, restaking rewards, YieldNest Seeds, future AVS airdrops & rewards.

Liquidity Maintenance: Access higher yields while maintaining the liquidity of your staked assets.

Secure and Efficient: Designed to minimize vulnerabilities and ensure security.

ynBTCk Architecture

Value Accrual: ynBTCk auto-compounds rewards, enhancing token value over time. As rewards are distributed and compounded, the value of ynBTCk grows.

Value Accrual Example (assuming 5.5% APY for ynBTCk)

Day	ynLSDe	ETH
Day 0	1 ynBTCk	1 BTCB
Day 180	1 ynBTCk	1.0278 BTCB
Day 365	1 ynBTCk	1.056 BTCB

ynBTCk Use Cases

• Enhanced Yield: Restake BTCB, solvBTC and solvBTC.BBN to earn boosted yields through restaking.

• Controlled Exposure: Holding ynBTCk allows users to earn boosted yields —all through a single liquid token.

• Providing Liquidity: Use ynBTCk to provide liquidity on DeFi platforms like Thena, earning swap fees and liquidity mining rewards.

• Lending/Borrowing: Lend ynBTCk on decentralized markets like Venus to use it as collateral to borrow assets like BNB, BTC or stablecoins.

• Profit Realization: Withdraw ynBTCk for BTCB plus accumulated restaking revenue.