YieldNest 推出 ynLSDe 流動質押衍生品，以獲取 EigenLayer 的剩餘質押收益

YieldNest 表示，該代幣「將允許以 Lido、FRAX、Origin Protocol 或 Mantle 質押的以太坊持有者透過重新質押獲得額外收益」。

Decentralized finance (DeFi) protocol YieldNest is set to launch a new liquid staking derivative (LSD) designed to capture restaking yield from EigenLayer, the protocol announced Aug. 21.

去中心化金融（DeFi）協議 YieldNest 於 8 月 21 日宣布，該協議將推出新的流動質押衍生品（LSD），旨在從 EigenLayer 獲取重新質押收益。

The token “will allow the holders of Ether staked with Lido, FRAX, Origin Protocol, or Mantle to earn additional yield… through restaking,” YieldNest said.

YieldNest 表示，該代幣「將允許以 Lido、FRAX、Origin Protocol 或 Mantle 質押的以太坊持有者透過重新質押獲得額外收益」。

Lido, FRAX, Origin, and Mantle are decentralized Ethereum staking platforms, each of which issues its own LSD.

Lido、FRAX、Origin 和 Mantle 是去中心化的以太坊質押平台，每個平台都發行自己的 LSD。

Restaking involves taking Ether ( ETH ) that has already been staked — posted as collateral with a validator in exchange for rewards — on the Ethereum network and using it to secure other protocols simultaneously. The premise is that in exchange for taking on additional risk, restaking can considerably enhance rewards.

重新抵押涉及在以太坊網路上獲取已經抵押的以太幣（ETH）——作為抵押品與驗證者一起發布以換取獎勵——並用它同時保護其他協議的安全。前提是，作為承擔額外風險的交換，重新抵押可以大大提高回報。

Restaking rose to prominence after the launch of EigenLayer, a restaking protocol on Ethereum that has bootstrapped roughly $12 billion in total value locked (TVL) since 2023, according to data from DefiLlama.

根據 DefiLlama 的數據，自 2023 年以來，EigenLayer 是以太坊上的重新抵押協議，其鎖定總價值 (TVL) 已達到約 120 億美元。

Liquid restaking protocols — such as Ether.fi and Puffer Finance — hold another roughly $11 billion in TVL, the data shows.

數據顯示，流動性重新抵押協議（例如 Ether.fi 和 Puffer Finance）也持有約 110 億美元的 TVL。

Liquid restaking protocols host more than $23 billion in TVL. Source: DefiLlama

Liquid 重新抵押協議擁有超過 230 億美元的 TVL。來源：DefiLlama

EigenLayer hosts a growing constellation of “actively validated services” (AVS) — protocols such as EigenDA, eOracle and Lagrange State Committees — that secure themselves using EigenLayer’s restaked ETH.

EigenLayer 託管著越來越多的「主動驗證服務」(AVS)，例如 EigenDA、eOracle 和拉格朗日州委員會等協議，這些協議使用 EigenLayer 重新抵押的 ETH 來保護自身安全。

“Users get ynLSDe by putting stETH (Lido), sfrxETH (FRAX), or mETH (Mantle), OETH (Origin Protocol) into YieldNest’s restaking pool,” YieldNest said. “ynLSDe acts as a tradable and liquid ‘receipt’ token representing the underlying yield-generating restaked token. The generated restaking rewards are distributed back to ynLSDe holders.”

「用戶透過將 stETH (Lido)、sfrxETH (FRAX) 或 mETH (Mantle)、OETH (Origin Protocol) 放入 YieldNest 的重新抵押池中來獲得 ynLSDe，」YieldNest 表示。 「ynLSDe 充當可交易和流動的『收據』代幣，代表基礎的產生收益的重新抵押代幣。產生的重新抵押獎勵將分配回 ynLSDe 持有者。

Receipt tokens such as ynLSDe “allow users to restake their assets while retaining liquidity, meaning they can still use their staked assets in other DeFi activities,” according to YieldNest. However, LSDs can also amplify risks.

YieldNest 表示，ynLSDe 等收據代幣「允許用戶在保留流動性的同時重新抵押其資產，這意味著他們仍然可以在其他 DeFi 活動中使用其抵押的資產」。然而，LSD 也會放大風險。

“The risk of restaking has not been fully characterized yet,” Mike Silagadze, CEO of liquid restaking protocol Ether.fi, said on Aug. 12.

流動性重新抵押協議 Ether.fi 的首席執行官 Mike Silagadze 於 8 月 12 日表示：“重新抵押的風險尚未得到充分錶徵。”

According to YieldNest, the protocol “aggregates all sources of potential yield for users, which includes EigenLayer Points, YieldNest Seeds, yields from [AVS], and even AVS Airdrops on top of the yield from staked ETH.”

根據 YieldNest 的說法，該協議“聚合了用戶的所有潛在收益來源，其中包括 EigenLayer 積分、YieldNest 種子、[AVS] 收益，甚至除了質押 ETH 收益之外還包括 AVS 空投。”