ETH Liquid Restaking Protocol YieldNest Raises $5.2M in Contribution Round
YieldNest simplifies and enhances ETH yields for EigenLayer restakers through curated AVS Baskets and specific AVS categories, reducing risk and operational complexity.
Industry veterans-led liquid restaking protocol YieldNest is gearing up for its first product release, ynETH, later this month. This liquid restaking token boosts and auto-compounds ETH yields from a custom-curated AVS basket.
YieldNest, a promising new player in the booming liquid restaking (LRTFi) market, is excited to announce the successful closure of its contribution round, raising $5.2 million.
A word from our CEO and our lead contributors:
“We are proud and happy to have the early support of our contributors, angels, and advisors who share our vision for the future of restaking and LRTs. The oversubscribed round is a testament to the confidence in our approach. We see restaking as more than just a way to earn extra yield on ETH. It’s the solution to Ethereum’s modular roadmap, with applications traversing even beyond the blockchain stack. We are thrilled to contribute to this long-term vision.” – Amadeo Brands CEO & Co-Founder YieldNest
“The LRT market is currently a points farming economy with no real way to get ahead through fundamental work. With the mainnet launch Eigenlayer and AVS’ becoming intrinsically productive for restakers, the deck will be reshuffled. We believe that Amadeo and his team of veterans who had various leading roles at current DeFi juggernauts can leverage their experience to lead the charge on ETH restaking products as well.” – Phil Zimmerer, Faculty Group
“We are excited to support YieldNest in the fast growing restaking sector. Amadeo’s background and approach towards risk management is a huge draw for
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