Yield 24
Y24.io — Multiply Your Crypto Holdings
Yield 24, a protocol operating on EVM-compatible chains like BNB, ETH, and Polygon, introduces restaking as a novel cryptoeconomic security primitive on both L1 and L2. This innovation allows the optimisation of assets such as BNB, ETH, BTC, and stable coins at the consensus layer. Users staking their blue-chip tokens directly or through a liquid staking token (LRT) have the option to engage with Y24 smart contracts, enabling them to restake ETH, BNB, BTC, stable coins, or LRT. This extends cryptoeconomic security to various applications on the network, including RWA’s (Real World Assets), securitization, trenches, staking, borrowing/lending, and provides an avenue to earn additional rewards.
Y24 allows to optimise of chain assets such as BNB, ETH, BTC, and stable coins at the consensus layer and provide LRT native yield tokens that can be used in various defi applications, including RWA’s, securitization, trenches, staking and lending/borrowing protocols.
Liquid ReStaking Token (LRT)
Liquid staking introduces a novel avenue for generating passive income from staked assets without the need for locking them up. It serves as an alternative to traditional staking models, where users are typically required to lock their tokens to contribute to the security of proof-of-stake blockchains.
Y24 Bridge
We understand the frustration of users having limited access. Since the crypto community comes with unlimited options for investment and innovation, Therefore, we believe that the users must have no-boundary access to the entire space. To implement this, we have partnered with a reputable bridge to enable access.
Through BNB Liquid Staking, Yield24 facilitates the staking of your BNB tokens using carefully chosen validator nodes. Simultaneously, the protocol generates new yBNB tokens, which are BEP-20 reward-earning tokens directly sent to your wallet. These tokens operate through a daily rebasing mechanism, ensuring that staking rewards are distributed to your wallet consistently. In essence, your yBNB balance in your wallet will increment daily to mirror the accruing staking rewards.
● Join Y24 on social media:
- YouTube
- Medium
- Telegram
- Twitter
- Instagram
- Discord
- Reddit
- Airdrop
- Pinksale
- DexView
Information can be used from social networks: https://y24.io/ https://y24-io.gitbook.io/y24/ and use hashtags: #Y24 #Yield24 #LRTToken #Blastio #LIDO #LDO #Gov #ETH #BNB #Airdrop #L2 #Bridge #Etherum
