According to a post on X (formerly Twitter) by BNB Chain, deposits for $ynBNB, the first liquidity restaking token (LRT) on BNB Chain, are now open. Supported by EigenLayer, $ynBNB is issued by YieldNest, a liquidity restaking protocol. Participants who restake their $slisBNB on YieldNestFi will receive $ynBNB and a 5x Seeds Boost, accumulating rewards and points from selected protocols.

This marks a significant development for users seeking to maximize their staking rewards and further participate in the BNB Chain ecosystem.