ynBTCk
Last updated
Last updated
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.
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.
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.
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 0
1 ynBTCk
1 BTCB
Day 180
1 ynBTCk
1.0278 BTCB
Day 365
1 ynBTCk
1.056 BTCB
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.
