Y24.io — yBNB Tripple-Dose Native Yield
Greeting Y24 Community,
We are thrilled to introduce Y24 yBNB Triple-Dose Yield — a program meticulously designed to generously reward early Yield24 Staked BNB users.
In essence, we have tripled the market’s yield: a 3X boost, and the best part is, there’s no time limit. You have the flexibility to withdraw your earnings at any time.
Summary
- 10.2% native yield — tripple the market reference rate for BNB liquid staking protocols
- Starts Dec. 28, 2023
- Maintained as long as you want no time constraint.
- Sustainably funded by Yield24 Treasury’s own staked BNB
- Capped at 1250 yBNB — Permissionless participation
Details
Native Yield Mechanism
The triple-dose yield in actual ETH through Y24 LRT’s “Top-Up” function. yBNB holders now gain access to rewards derived from issuance, Real World Assets (RWA’s), Lending/Borrowing, Securitizations, and various other DeFi applications. The best part? No additional actions are required from yBNB holders — the rewards will seamlessly reflect in the yBNB to BNB primary market rate.
Sustainably Funded
The Yield24 Treasury has committed a substantial portion of its BNB holdings to stake in Y24 LRT’s. Throughout this initiative, the Treasury is committed to responsibly channeling its own BNB staking rewards to fellow yBNB stakers through the aforementioned mechanism.
Permissionless, Limited Capacity
A total supply limit for yBNB will be implemented throughout the campaign and the Mainnet v1 phase of Yield24 LRT’s. Staking yBNB is open and follows a first-come-first-serve basis, offering a permissionless opportunity for participants.
More Rewards on L2
yBNB has been designated as a tracked asset for the Yield24 Journey Season Alpha. Furthermore, various L2 applications have pledged to integrate yBNB into their protocols and incorporate it into their farming campaigns.
Actions
- Stake Now: stake.y24.io
- Bridge to L2 for more rewards: bridge.y24.io