ynETH MAX YNETHX Price

What is ynETH MAX (YNETHX)?

ynETH MAX ($YNETHX) is an ERC-20 token on the Ethereum blockchain, serving as a flagship Liquid Restaking Token (LRT) within the YieldNest protocol, a decentralized finance (DeFi) platform launched in 2024 to optimize yield generation through restaking and cross-chain strategies. Unlike standard staking tokens, $YNETHX is a MAX LRT, designed to deliver risk-adjusted returns of 10-15% annual percentage yield (APY) by dynamically rebalancing assets across multiple tokenized strategies, including Ethereum staking, EigenLayer restaking, and various DeFi protocols like lending and liquidity pools. 

With a total supply of approximately 48,000 tokens and a circulating supply of 8,077, $YNETHX enables holders to participate in a modular framework where strategies can be added or removed to adapt to market conditions, ensuring high-yield opportunities while prioritizing security through Layer-1 settlement assurances. The YieldNest DAO and its subDAOs govern these strategies, allowing $YNETHX holders to vote on portfolio allocations and protocol upgrades, fostering a community-driven approach. 

The token’s integration with exchanges like Curve (Ethereum), where it trades actively against pairs like WETH, supports its liquidity, with a 24-hour trading volume recently reported at $322,605. Posts on X highlight its auto-compounding feature, simplifying complex DeFi strategies into a single asset, with current base APYs around 7.01% and potential DeFi APYs up to 66.73%. 

Audited smart contracts and partnerships with EigenLayer enhance its credibility, though its market cap of $13.14 million and ranking (#1230 on CoinGecko) reflect a nascent but growing presence. $YNETHX’s price has fluctuated, hitting an all-time high of $3,431.77 but recently trading at $1,624.42, down 16.8% over the past week, signaling volatility typical of DeFi tokens. By offering a streamlined way to tap into Ethereum’s restaking ecosystem, $YNETHX appeals to investors seeking high returns without managing intricate DeFi mechanics, positioning it as a key player in the evolving landscape of yield optimization.

What is unique about ynETH MAX (YNETHX)?

$YNETHX is a MAX LRT that optimizes ETH restaking and DeFi yields (10-15% APY) through modular, DAO-managed strategies across multiple protocols, auto-compounding returns in a single token for simplified high-yield exposure.

Who are the founders of ynETH MAX (YNETHX)?

The founders of ynETH MAX are anonymous, developed under the YieldNest protocol team with no specific individuals publicly named.

Who are the backers/investors of ynETH MAX (YNETHX)?

The backers of ynETH MAX are not explicitly disclosed in public sources, though YieldNest’s ecosystem suggests community-driven support with potential involvement from DeFi-focused investors.

Where can I buy ynETH MAX (YNETHX)?

 Curve (Ethereum)