Are you ready for the next chapter of YieldNest?
YieldNest’s governance is designed to be straightforward, secure, and rewarding for our most active community. As always we have a community-driven focus and as we approach the upcoming TGE and launch of our governance system, it’s a good time to highlight exactly how you’ll soon be able to stake your YND tokens to receive even greater rewards and benefits, such as a piece of the protocol’s revenue and shaping the future of YieldNest.
Let’s explore our collaboration with our governance partners, Aragon and Stake DAO, and dive a bit deeper into the possibilities YND will unlock.
If you want to dive deep, make sure you read our docs.
Governance Simplified with Aragon
YieldNest’s governance is set to launch shortly after our Token Generation Event (TGE). It will utilize the powerful modular infrastructure of Aragon V2. Aragon is renowned in the crypto community for offering robust governance tooling, making decentralized decision-making accessible even for non-technical users.
Aragon’s technology will enable YieldNest users to propose, discuss, vote, and earn on protocol updates. The process is intuitive:
- Proposals are first discussed informally in our YieldNest community forum.
- Popular proposals graduate into formal votes using Aragon’s governance infrastructure.
- Transparent and straightforward voting mechanics clearly define quorum and support thresholds.
Make sure you read more about this in our docs.
YND Governance, Staking and Rewards
Now the sweet part! YieldNest governance empowers you to earn real protocol rewards by staking your YND tokens. When you stake, you don’t just hold — you actively participate in the growth of the ecosystem. This structure is designed to reward true believers and long-term aligned community members, ensuring that value flows back to those who are committed, not just speculating.
The more tokens you stake, the larger your share of protocol revenue.
You have two ways to stake: directly into veYND for active governance and growing rewards, or delegate to Stake DAO’s Liquid Locker to receive sdYND tokens for simpler management, hassle-free earnings, and staying liquid.
Both paths ensure your rewards grow alongside the protocol, so the more you stake, the more you earn.
- Stake YND for veYND if active governance, deeper protocol influence, and higher direct yield are your priorities.
- Choose sdYND via Stake DAO if you value convenience, liquidity, future auto-compounding rewards, and passive governance.
More on both, below…
veYND: Direct Governance with Benefits
When YieldNest’s governance launches, YND holders will have the option to stake their tokens directly into veYND. Voting power grows based on how long you staked your YND. The more veYND you hold, the stronger your influence will become.
With veYND:
- You actively participate in key governance decisions like fee structures, strategy integrations, and product development.
- Protocol revenue is redistributed directly to veYND holders via a buyback-and-distribute system, incentivizing active governance.
- Longer lock-up periods increase your voting power and the share of rewards.
- You actively participate in key governance decisions like fee structures, strategy integrations, and product development.
- Protocol revenue is redistributed directly to veYND holders through a buyback-and-distribute system, incentivizing active governance.
- If you aspire to become a governor of a subDAO, veYND will be required to lock and stake for this position. More details on this will be released soon
In short, with veYND you’ll be shaping YieldNest’s growth and benefiting directly from protocol success.
But there is another option for those who prefer a more passive way to participate.
Liquid Lockers, Stake DAO, and sdYND: Passive, Liquid, Powerful
If you are into ynETHx, you may be familiar with Stake DAO, one of the leading DeFi integrations for our MAX LRT. However, when it comes to governance, they offer a unique solution known as Liquid Lockers.
Simply put, Liquid Lockers are DeFi solutions that let users lock governance tokens and receive a transferable version of these tokens in return. This enables holders to retain governance power and earn boosted rewards, all while preserving liquidity.
Stake DAO’s liquid lockers solve a common governance dilemma: choosing between influence, liquidity, and convenience.
When you stake your YND tokens with Stake DAO, you’ll receive sdYND tokens. These tokens provide several advantages:
- Instant Liquidity: sdYND tokens aim to remain liquid and usable across various DeFi platforms.
- Governance Influence Without the Work: Stake DAO aggregates voting power, maximizing governance impact while you can choose to passively benefit.
- Future Auto-Compounding Rewards: No active governance participation required; Stake DAO manages voting, boosts yields, and compounds rewards on your behalf.
- Future Cross-chain Potential: Stake DAO’s multi-chain presence means eventual cross-chain governance flexibility.
sdYND tokens deliver convenience, governance strength, and reward optimization, ideal for YieldNest users seeking maximum simplicity and a piece of our protocol’s revenue.
Building Together
We owe a big part of the upcoming launch to our relationships with Aragon and Stake DAO, as their support helped us shape what will soon be YieldNest’s Governance stack.
Aragon provides YieldNest with industry-leading governance infrastructure, providing our users with a seamless and easy-to-use UI to exercise their voting rights.
Stake DAO enriches YieldNest by enabling passive, liquid governance solutions, simplifying your ability to earn and influence without compromise.
Together with them, we lay the foundation for YieldNest’s community-driven future, where governance is transparent, rewarding, and accessible.
Stay Tuned for Launch
Want to earn more rewards and be a part of YieldNest? Watch out for new info on our official channels for the latest updates on the governance launch, timelines, and details about getting started with veYND and sdYND staking.
We’re almost there!
Stay updated via our official socials!
