# ynLSDe

**ynLSDe is a Liquid Token (LRT) designed to optimize yield from Liquid Staking Tokens (LSTs) by deploying them into advanced DeFi yield strategies. Users can leverage ynLSDe to maximize returns on their deposited tokens without the need to unstake their assets. At its core, ynLSDe is a generalized open-source LRT built to accept and manage any asset — including LP tokens, stablecoins, and more.**

Our pioneering Liquid Token (LRT) ynLSDe is designed to maximize rewards on your LSTs through advanced DeFi strategies. It operates as a YieldNest Curated AVS Basket, functioning as collateral for the basket itself or as collateral for isolated AVS categories.

## Key Features

Yield Optimization of LSTs: Users can deposit their LSTs from supported platforms like Lido, Frax Finance, Mantle, and Origin Protocol.

Supported Tokens:

* Lido (stETH, wstETH)
* Frax (sfrxETH)
* Mantle (mETH)
* Origin Protocol (OETH, wOETH)

**Reward Accumulation:** Earn rewards from multiple sources such as ETH staking yield, DeFi strategy yield, protocol points, YieldNest Seeds, future AVS rewards, and AVS Airdrops.

**Liquidity Maintenance:** Maintain the liquidity of your staked assets while accessing higher yields.

**Secure and Efficient:** Designed with a streamlined code to minimize vulnerabilities and ensure security.

## ynLSD Architecture

Value Accrual: ynLSDe is designed to auto-compound rewards, enhancing the token's underlying value over time. The token's value increases as rewards are distributed and compounded on-chain.

### Value accrual example assuming an APY of 12.5% for ynLSDe:

## ynLSDe Use Cases

1. Enhanced Yield: deposit LSTs to earn boosted yields through our carefully managed AVS basket.
2. Controlled Exposure: Holding ynLSDe allows users to earn boosted yields by depositing an isolated selection of LSTs into a pre-selected and carefully vetted basket of AVS categories—all by simply holding a single liquid token.
3. Providing Liquidity: Use ynLSDe to provide liquidity in external DeFi protocols like Curve, earning additional revenues from swap fees and liquidity mining.
4. Lending/Borrowing: Lend ynLSDe on decentralized money markets like Aave or Euler, or use it as collateral to borrow other assets, including ETH or various stable coins.
5. Profit Realization: Withdraw ynLSDe for the underlying LSTs plus the accumulated yield revenue from AVSs on YieldNest, or swap ynLSDe for ETH on decentralized exchanges.

**Contract Address:** `0x35Ec69A77B79c255e5d47D5A3BdbEFEfE342630c`