YieldNest, a liquidity re-staking protocol powered by EigenLayer, announced the launch of its mainnet on the X platform. Users can stake ETH to obtain its native LRT token, ynETH, and receive additional rewards, including ETH earnings, AVS earnings, YieldNest Seeds, EigenLayer points, and airdrops from AVS.
Meanwhile, YieldNest has launched the Seeds program and opened Epoch 1, which will last for 7 days. Users can obtain Seeds (YieldNest points) by staking ETH. In addition, the Pioneers program has been introduced, and participating users can receive a permanent 15% bonus in Seeds. In previous news in April, YieldNest announced the completion of a $5.2 million financing round, with participation from Faculty Group, BACKED, Insignius Capital, Contango Digital Assets, Proof of Capital, as well as Loi Luu, Winthorpe, C2tP, Curve founder Michael Egorov, and others.