Y24.io — Introducing yBNB Triple-Dose Native Yield

riyaana (38)in #yield24 • 5 months ago

Greetings Y24 Community

We are delighted to bring you exciting news about our latest offering, Y24 yBNB Triple-Dose Yield. This program is meticulously crafted to generously reward early Yield24 Staked BNB users, providing them with a remarkable 3X boost in yield compared to the market reference rate for BNB liquid staking protocols. The best part? There's no time limit – you have the flexibility to withdraw your earnings at any time.

Summary:

10.2% native yield — triple the market reference rate for BNB liquid staking protocols.
Program starts on December 28, 2023.
No time constraint on maintaining your yield.
Sustainably funded by Yield24 Treasury’s own staked BNB.
Capped at 1250 yBNB — Permissionless participation.

Details:

Native Yield Mechanism

The triple-dose yield is delivered in actual ETH through Y24 LRT’s “Top-Up” function. As yBNB holders, you now gain access to rewards derived from issuance, Real World Assets (RWA’s), Lending/Borrowing, Securitizations, and various other DeFi applications. What sets this apart is that no additional actions are required from yBNB holders – the rewards seamlessly reflect in the yBNB to BNB primary market rate.

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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 dedicated to responsibly channeling its own BNB staking rewards to fellow yBNB stakers through the mentioned mechanism. This commitment ensures a sustainable and ongoing source of rewards for the community.

Permissionless, Limited Capacity

To maintain a balanced ecosystem, 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 to get involved. This approach ensures fairness and equal chances for everyone to benefit from the triple-dose yield.

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