DeFi

The Future of Yield Optimization: YieldNest’s Innovative LRDs and Strategic Merger with PrimeStaked

Published

6 months ago

26 July, 2024

Liquid staking derivatives (LRDs) are the next big thing in the evolving decentralized finance (DeFi) ecosystem, building on the foundation created by liquid staking derivatives. Liquid staking allows users to maintain the liquidity of their staked assets; however, LRDs extend this idea by allowing previously staked assets to be re-staked across different protocols.

This development solves a major drawback for the DeFi industry: the ability to optimize yield potential across multiple platforms without compromising liquidity or paying exorbitant gas costs for frequent transfers.

YieldNest has established itself as a leader in this rapidly evolving space by expanding the spectrum of liquid retaking derivatives. The protocol and Origin’s PrimeStaked recently announced a strategic merger. Through this partnership, YieldNest’s highly anticipated ynLSD product will host primeETH, PrimeStaked’s Liquid Retaking Token (LRT), while PrimeStaked users will gain access to YieldNest’s exceptional products and technology.

YieldNest prioritizes creating sustainable products. They don’t just look for quick wins, they create a product that is sustainable. The most prominent of these solutions are the controlled AVS exposure solutions, which include a combination of YieldNest/External curated LRTs and isolated LRTs that integrate multiple re-staking protocols. Bottom line? YieldNest strives to provide you with real returns that are both safe and risk-optimized.

PrimeStaked—an Origin Protocol project—remains committed to leading the way in DeFi innovation. The platform has always placed a high priority on the needs of its users, constantly improving its features and overall user experience. A significant milestone, the strategic merger between PrimeStaked and YieldNest is expected to keep PrimeStaked at the forefront of the market while providing its user base with new perspectives.

Key to this announcement are YieldNest’s new products, ynLSD, which will include ynLSDe and ynLSDs. In line with YieldNest’s mission to become the best liquid re-staking solution, unlock next-gen strategies, and establish itself as the leading protocol for liquid asset re-staking, these solutions aim to transform the way users interact with liquid re-staking derivatives and stablecoins within the DeFi ecosystem.

As the dust settles on the merger announcement, it’s garnering a lot more attention. Why? First, the team is backed by an independent risk team and top-tier audits to ensure the security and stability of its users. Second, primeETH users will now have access to a new network of options through this merger, including potential partners like Symbiotic and protocols like EigenLayer.

The development of Liquid Staking: ynLSD explained

YieldNest’s ynLSD is a major step forward in offering liquid restaking derivatives. However, what exactly is ynLSD and why should DeFi users be aware of it?

Basically, the goal of ynLSD is to increase user yields by using other DeFi tokens, such as OETH. LSDs are great because they allow users to stake their assets without sacrificing liquidity. This implies that you are using your cryptocurrency while maintaining the freedom to use the staked assets for other DeFi activities, rather than simply keeping them in a virtual vault.

But YieldNest doesn’t settle for a one-size-fits-all solution. They offer two other ynLSD offerings, each tailored to specific ecosystems:

1. ynLSDe: EigenLayer ecosystem

The first is YieldNest’s liquid re-staking solution, ynLSDe, which is built on EigenLayer. It is a gateway to upcoming ETH payments and EigenLayer incentives, not just another re-staking option.

YieldNest has developed methods that leverage its re-staking techniques specifically designed to provide users with the highest possible yield in the EigenLayer ecosystem.

2. ynLSDs: Symbiotic ecosystem

ynLSDs integrates with the Symbiotic ecosystem. The goal of this ynLSD variant is to fully utilize Symbiotic’s infrastructure to provide exceptional yield and reward chances.

YieldNest has not forgotten the possibilities of stablecoin. ynUSDs is a product aimed at providing competitive yields and symbiotic benefits for USD-denominated assets.

The launch of ynUSD has the potential to revolutionize the way individuals think about using their stablecoin investments. Users can now potentially earn competitive yields while benefiting from the relative stability of stablecoins, rather than letting USD-pegged tokens sit idle. This could be particularly attractive during times of market uncertainty, offering a compromise between the security of stablecoins and the yield potential of more volatile crypto assets.

From industry support to decentralized governance

Major players in the crypto space are backing YieldNest’s strategy, including the founders of Curve (Michael Egorov), Convex (Winthorpe & C2TP), Frax (Sam Kazemian), Kyber (Loi Luu), Algorand (Steve Kokinos), Yearn (Wavey), Moralis (Ivan on Tech), and others. With such support, their goals gain legitimacy, and it seems that the way DeFi enthusiasts approach yield optimization could change significantly in the future, starting with these new products.

In the future, YieldNest intends to move towards a decentralized decision-making and community governance model by implementing a DAO and sub-DAO structure. The appeal of products like ynLSD and ynUSDs could be further enhanced by this move towards decentralization.

The goal is to develop a decentralized and autonomous protocol that can operate without the central team. Each chamber of the governance system is run by elected leaders using staked YND tokens, and each chamber votes on the outcomes it wants.

Lucrative rewards for early adopters

YieldNest is rewarding dedicated primeETH supporters with special benefits for migrating to its platform to celebrate this merger. A 5% boost on YieldNest Seeds, a Pioneer NFT with a permanent 15% boost for users transferring 5 OETH or more, and a YieldNest PrimeStaked Airdrop are some of these benefits. Migrating users will also have access to AVS/Network yields and all upcoming AVS airdrops.

Additionally, YieldNest anticipates that the overall airdrop distribution will represent at least 15% of the total YND token supply, demonstrating their commitment to community engagement. Furthermore, their goal is to increase this distribution as the total value locked (TVL) increases over time. YieldNest is touted as one of the most generous applications in the resttaking industry, with community incentives expected to exceed 60%.

As the DeFi landscape evolves, the merger of YieldNest and PrimeStaked marks a significant step forward. Users interested in participating in YieldNest’s anticipated airdrop and benefiting from this strategic relationship are invited to start re-staking on the YieldNest platform now.

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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