ynBNB
Last updated
Last updated
ynBNB is a Liquid Restaking Token (LRT) developed to optimize yield from Liquid Staking Tokens (LSTs) by restaking. With ynBNB, users can maximize their returns by restaking staked BNB tokens, such as slisBNB, across leading restaking protocols like Kernel, Karak, and Binomial. ynBNB, built on vaults, will eventually rebalance to the highest-yielding restaking opportunities, keeping security and flexibility in mind.
Restaking of BNB LSTs: Stake your BNB to receive slisBNB from Lista, which can be used for leveraging protocols such as Kernel, Karak, and Binomial.
Supported Tokens:
Lista DAO: slisBNB
Reward Accumulation: Earn from BNB 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.
Value Accrual: ynBNB auto-compounds rewards, enhancing token value over time. As rewards are distributed and compounded, the value of ynBNB grows.
Value Accrual Example (assuming 5.5% APY for ynBNB)
| Day | ynLSDe | ETH |
|---|---|---|
Day 0 | 1 ynBNB | 1 slisBNB |
Day 180 | 1 ynBNB | 1.0278 slisBNB |
Day 365 | 1 ynBNB | 1.056 slisBNB |
Enhanced Yield: Restake slisBNB to earn boosted yields through restaking.
Controlled Exposure: Holding ynBNB allows users to earn boosted yields —all through a single liquid token.
Providing Liquidity: Use ynBNB to provide liquidity on DeFi platforms like Thena, earning swap fees and liquidity mining rewards.
Lending/Borrowing: Lend ynBNB on decentralized markets like Venus to use it as collateral to borrow assets like BNB or stablecoins.
Profit Realization: Withdraw ynBNB for slisBNB plus accumulated restaking revenue, or swap it for BNB on decentralized exchanges.
