💸Liquid ReStaking Token (LRT)
Unlocking liquidity and new financial market solutions
Last updated
Unlocking liquidity and new financial market solutions
Last updated
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.
Y24 integrated 2 Liquid Staking Platforms and validators on the BNB Chain.
Stader
Ankr Liqudi Staking
Unlocking Instant Liquidity through Yield 24 Staking represents the optimal approach for staking BNB, providing immediate access to liquidity through the yBNB token. Users can deposit BNB to acquire LRT tokens through a smart contract utilizing a BNB validator, offering a competitive 3.4% APY. Subsequently, the Y24 strategic smart contract employs BNBx from stader to reinvest in other validators, optimizing yield to reach 8%. Additionally, this process generates yBNB, which can be further utilized in lending, borrowing, and various other DeFi applications.
By steering clear of the conventional token lock-in on the BNB Chain network, you gain a significant advantage. This freedom empowers you to leverage the value of your staked tokens, enabling the pursuit of diverse rewards across DeFi platforms and maximizing your return on investment (ROI). With this approach, a spectrum of possibilities opens up, including yield farming, arbitrage trading, lending, RWA, securitization, leverage staking, and more. The potential for multiplying returns becomes an exciting prospect, amplifying the utility and flexibility of your staked assets.
We did not place any time windows on withdrawal of LRT tokens. The lack of a delay window guarantees genuine ownership of digital assets, offering heightened security against suspicious activities. Moreover, it provides the capability to pause pertinent functionality if required.
