What is YieldNest?
YieldNest is a liquid restaking protocol designed to simplify access to high-yield, risk-adjusted decentralized finance (DeFi) strategies. It offers permissionless, curated vaults that span multiple platforms. By focusing on liquid restaking tokens (LRTs) and non-liquid restaking tokens (nLRTs), YieldNest provides users with a streamlined and accessible experience for maximizing returns on restaked assets.
The protocol's mission is to become a one-stop solution for simple, high-yield, and risk-adjusted restaking and DeFi strategies. YieldNest vaults are curated and managed by subDAOs or external parties, ensuring flexibility and transparency. Its vision is to lead asset management for restaked assets across platforms like EigenLayer, Symbiotic, and Karak, ultimately fostering a collaborative network between restakers, operators, and DeFi protocols.
YieldNest operates by offering curated products across different Active Validated Service (AVS) categories. AVSs are applications that use restaking protocols for modular security. These curated vaults are divided into Isolated (single vertical) and Basket (multiple verticals) AVS categories, allowing users to participate in various industry sectors such as AI, rollups, oracles, and data layers. YieldNest abstracts the complexities of restaking, enabling users to easily restake ETH or ERC20 tokens while benefiting from superior risk-adjusted returns.