YieldNest 推出 ynLSDe 流动质押衍生品，以获取 EigenLayer 的剩余质押收益

YieldNest 表示，该代币“将允许以 Lido、FRAX、Origin Protocol 或 Mantle 质押的以太坊持有者通过重新质押获得额外收益”。

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）协议 YieldNest 于 8 月 21 日宣布，该协议将推出一种新的流动质押衍生品（LSD），旨在从 EigenLayer 获取重新质押收益。

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，该代币“将允许以 Lido、FRAX、Origin Protocol 或 Mantle 质押的以太坊持有者通过重新质押获得额外收益”。

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质押平台，每个平台都发行自己的 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网络上获取已经抵押的以太币（ETH）——作为抵押品与验证者一起发布以换取奖励——并用它同时保护其他协议的安全。前提是，作为承担额外风险的交换，重新抵押可以大大提高回报。

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.

根据 DefiLlama 的数据，自 2023 年以来，EigenLayer 是以太坊上的一种重新抵押协议，其锁定总价值 (TVL) 已达到约 120 亿美元。

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

数据显示，流动性重新抵押协议（例如 Ether.fi 和 Puffer Finance）还持有约 110 亿美元的 TVL。

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

Liquid 重新抵押协议拥有超过 230 亿美元的 TVL。来源：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 托管着越来越多的“主动验证服务”(AVS)，例如 EigenDA、eOracle 和拉格朗日州委员会等协议，这些协议使用 EigenLayer 重新抵押的 ETH 来保护自身安全。

“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.”

“用户通过将 stETH (Lido)、sfrxETH (FRAX) 或 mETH (Mantle)、OETH (Origin Protocol) 放入 YieldNest 的重新抵押池中来获得 ynLSDe，”YieldNest 表示。 “ynLSDe 充当可交易和流动的‘收据’代币，代表基础的产生收益的重新抵押代币。生成的重新抵押奖励将分配回 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 等收据代币“允许用户在保留流动性的同时重新抵押其资产，这意味着他们仍然可以在其他 DeFi 活动中使用其抵押的资产”。然而，LSD 也会放大风险。

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

流动性重新抵押协议 Ether.fi 的首席执行官 Mike Silagadze 于 8 月 12 日表示：“重新抵押的风险尚未得到充分表征。”

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.”

根据 YieldNest 的说法，该协议“聚合了用户的所有潜在收益来源，其中包括 EigenLayer 积分、YieldNest 种子、[AVS] 收益，甚至除了质押 ETH 收益之外还包括 AVS 空投。”