Kryptopriser -Yield 24
y24
Yield 24
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24h: -7d: 0.00%30d: 0.00%1y: 0.00%
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Yield 24 (Y24) positions itself as a liquid restaking token (LRT) designed to allow users to potentially enhance their crypto assets. It aims to provide a mechanism for generating passive income from staked assets within the decentralized finance (DeFi) ecosystem.
Liquid restaking involves staking an asset while simultaneously receiving a liquid token representing that staked position. This liquid token can then be used in other DeFi protocols, potentially increasing capital efficiency. Yield 24 aims to facilitate this process for its users.
The platform suggests a potential for passive income generation, with claims of up to 86% APY. This is achieved through its restaking model, where underlying assets are utilized across various protocols to generate returns. Users receive a share of these generated returns.