ynBNB Launches on BNB Chain: YieldNest’s New Liquid Re-Staking Token Now Available

On September 15, BNB Chain disclosed via the X platform that it is now accepting ynBNB deposits. This initiative follows an earlier announcement on September 13 by YieldNest, a liquidity re-staking protocol backed by EigenLayer, introducing ynBNB as the pioneer liquid re-staking token on the BNB chain. YieldNest claims to consolidate all potential income streams, offering users access to various re-staking platforms including Kernel Protocol, Karak, and Binominal. Participants in these re-staking activities will earn income and reward points from their chosen protocols.