YieldNest (ynETH) Review
BSD-licensed with slashing stated plainly
of 10
YieldNest states outright that AVSs can impose additional slashing conditions on restaked ETH, releases ynETH under BSD 3-Clause, and names four auditors. Its protocol fee and withdrawal fee are described as dynamic and embedded, without a published percentage.
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Fee
Dynamic protocol fee; percentage not published
Receipt token
ynETH, value-accruing, auto-compounding
Slashing
AVSs can impose additional slashing conditions — stated
Withdrawal
Beacon queue plus EigenLayer 7-day delay; embedded fee, percentage not stated
Licence
BSD 3-Clause
Scores
Each criterion carries equal weight. The overall score is the average of these 5 scores — (4.0 + 8.0 + 6.0 + 9.0 + 8.0) ÷ 5 = 7.0.
Pros
- States plainly that AVSs can impose additional slashing conditions on restaked ETH or ERC20 tokens
- BSD 3-Clause licence — a recognised open-source licence
- Four auditors named with reports: Zokyo, Chain Security, Composable Security and NFR Audits
- ynETH is value-accruing and auto-compounding, non-custodial, with an Immunefi bug bounty
Cons
- The protocol fee is described as a dynamic structure with no fixed percentage published
- A withdrawal fee is embedded in the claim NFT but the percentage is not specified
- Exit depends on the beacon-chain queue plus EigenLayer's 7-day delay
The slashing sentence a restaking product should have
YieldNest states that AVSs are able to impose additional slashing conditions on the validator's restaked ETH or other ERC20 tokens. That single sentence — naming the extra risk restaking introduces rather than burying it under yield figures — is what this rubric weights most heavily, and it lifts the risk score well above protocols that stay quiet on the subject.
Open source and audited
ynETH is BSD 3-Clause, a recognised open-source licence, with reports named from Zokyo, Chain Security, Composable Security and NFR Audits, and a non-custodial design backed by an Immunefi bug bounty.
The fees are the gap
The protocol fee is described only as a dynamic structure per product, and a withdrawal fee is embedded in the claim NFT without a stated percentage. A holder cannot work out the cost from the documentation, which is why the commission score is low despite the strong risk and code disclosure.
How it compares
Eigenpie (mLRT)
Isolated per-LST restaking, little else documented
Karak
Nine-day withdrawal with a slashing window, docs blocked
EigenLayer
The restaking layer itself, opt-in slashing stated
Symbiotic
Twelve named auditors and a stated risk framework
Swell Restaking (rswETH)
Value-accruing rswETH, no licence file
Kelp DAO (rsETH)
10% fee and a delayed-open licence
ether.fi (eETH / weETH)
MIT-licensed, three-way reward split published
Mellow
Six named auditors on a Symbiotic-and-EigenLayer vault
Renzo (ezETH)
Fee split and withdrawal delays published in full
Sources
Scored from published primary sources rather than hands-on use. Every figure above comes from one of the pages below, on the date shown. Manufacturers change prices and specifications without notice — if something here no longer matches the source, tell us and we will correct it.
- 1.YieldNest — ynETH strategy (fee, token, slashing) — checked
- 2.YieldNest — withdrawals — checked
- 3.YieldNest — LICENSE (BSD 3-Clause) — checked
- 4.YieldNest — audits and security — checked
Frequently asked questions
Does YieldNest disclose restaking slashing risk?
Yes. It states that AVSs can impose additional slashing conditions on the validator's restaked ETH or other ERC20 tokens.
What does YieldNest charge?
A dynamic protocol fee whose percentage is not published, plus a withdrawal fee embedded in the claim NFT that is also unstated.
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