YieldNest Will Let Hemi Users Access ynBTCk

TL;DR: Hemi is collaborating with YieldNest to bring ynBTCk, a Bitcoin liquid restaking token, to the Hemi ecosystem.

Hemi will collaborate with YieldNest to expand Bitcoin-based liquid restaking options. YieldNest will bring ynBTCk, their Bitcoin liquid restaking token, to the Hemi ecosystem.

YieldNest's protocol enables users to deposit Bitcoin-based assets, which are then restaked on Kernel to generate rewards from multiple sources, including Kernel, YieldNest, and DVNs. Users receive ynBTCk tokens to represent their position in the pool.

The integration allows ynBTCk holders to access yield opportunities across the Hemi ecosystem. Liquidity providers will receive incentives from Hemi, Kernel, and YieldNest. As both platforms use LayerZero technology, users can bridge ynBTCk to Hemi seamlessly.

Hemi and YieldNest share a common vision of growing the BTCFi ecosystem in a safe and transparent way.