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YieldNest and Origin Announce Merger of primeETH to ynLSD

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Driving Innovation in DeFi with a Strategic Merger

In a groundbreaking move, YieldNest announced the merger of PrimeStaked’s Liquid Restaking Token (LRT), primeETH, into YieldNest’s much anticipated ynLSD product. This collaboration marks a significant step forward in the DeFi landscape by providing primeStaked users with YieldNest’s advanced technology to offer unparalleled benefits. This aligns with YieldNest’s vision of becoming the premier liquid management and programmatic yield layer of restaked DeFi assets.

 

To celebrate, YieldNest is providing exclusive benefits to primeETH users and additional access to YieldNest’s community incentives, which are anticipated to be over 60%.

PrimeStaked: A Journey of Innovation & Commitment

PrimeStaked, an initiative by Origin Protocol, is always striving to stay at the forefront of the evolving DeFi industry. From its inception, PrimeStaked has been dedicated to providing users with benefits, constantly innovating to enhance the user experience. This merger with YieldNest ensures that PrimeStaked users remain on top of the industry, benefiting from enhanced opportunities.

YieldNest: Shaping the Future of Restaking

YieldNest is renowned for its innovative approach and cutting-edge technology, setting new standards in the industry with the backing of notable angels including the founders of Curve (Michael Egorov), Convex (Winthorpe & C2TP), Frax (Sam Kazemian), Kyber (Loi Luu), Algorand (Steve Kokinos), Yearn (Wavey), Moralis (Ivan on Tech) and others.

Committed to building a sustainable product designed for long-term success, YieldNest offers unique solutions such as controlled AVS Exposure with YieldNest/External curated LRTs and isolated LRTs that wrap around multiple restaking protocols. YieldNest’s products focus on providing real, secure, and maximum risk-adjusted returns.

 

YieldNest is pioneering with ynLSD (ynLSDe, ynLSDs) & ynUSDs

In line with the primeETH merger, YieldNest will be launching its new products:

ynLSD is YieldNest’s innovative Liquid Restaking Derivative (LSD) designed to optimize user yields by leveraging other DeFi tokens, like OETH. LSDs allow users to stake their assets while retaining liquidity, meaning they can still use their staked assets in other DeFi activities. YieldNest’s first ynLSD offering will be:

  1. ynLSDe – the liquid restaking solution on EigenLayer, designed to unlock the next generation of ETH yields and EigenLayer rewards. Leveraging EigenLayer’s infrastructure to provide users with superior yield opportunities through custom-tailored restaking strategies.

 

  1. ynLSDs – an innovative approach to restaking within the Symbiotic ecosystem. The ynLSDs token utilizes Symbiotic’s infrastructure to provide users with access to outstanding yield and Symbiotic rewards opportunities.

ynUSDs – is designed to deliver competitive yields and Symbiotic rewards on USD-denominated assets with risk-adjusted returns through innovative strategies tailored to the unique characteristics of stablecoins.

YieldNest aims to fully transition to a DAO and sub-DAO structure for community decision-making. The goal is to create a self-sustaining, decentralized protocol that can operate independently of the core team. The governance structure features chambers, each managed by elected leaders based on staked YND tokens, with each chamber voting on specific categories of issues. This transition emphasizes the importance of community-aligned token distribution, gradually transferring power to the community, making YieldNest a fully decentralized liquid restaking protocol that can operate, maintain, and grow itself from within.

YieldNest’s vision is expansive, aiming to shape the future of restaking by delivering comprehensive insights into all associated risks. With its independent risk team and audits for top-tier auditors, providing more security and stability for its users. This merger will introduce primeETH users to a new network of opportunities, enhancing their ecosystem and offering additional yield and rewards through protocols like EigenLayer and future partners like Symbiotic.

Combining Strengths for a Promising Future

This merger is more than a strategic alliance; it is a logical next step in the journey of both YieldNest and PrimeStaked.

PrimeStaked users will now have access to YieldNest’s superior technology and innovative products, ensuring they remain at the cutting edge of the DeFi industry. This collaboration is set to create a more robust, secure, and rewarding environment for all users, paving the way for a brighter future.

To celebrate and reward all loyal primeETH adopters who migrate to YieldNest, primeETH users receive exclusive benefits, which are only available for a limited time:

  • PrimeStaked YieldNest Airdrop
  • YieldNest Seeds Bonus (+5% bonus for primeETH users)
  • Receive Pioneer NFT + 15% Permanent Boost (‍Migrated 5 OETH or more)
  • Receive AVS/Network Yields & Airdrops
  • And many others…

For all the migrated primeETH users and YieldNest’s native users, YieldNest anticipates that the total airdrop allocation will be no less than 15% of the total supply of YND and aims to increase the amount allocated to airdrops contingent upon TVL increasing over time with a target of being one of the most generous airdrops to hit the market in the restaking vertical with community incentives anticipated to be over 60%.

 

Want to join YieldNest’s anticipated airdrop? Make sure you start restaking via YieldNest’s platform now!

 

About YieldNest:

 

Led by industry veterans, YieldNest aims to be the top liquid restaking solution, unlocking next-gen strategies and establishing itself as the leading protocol for liquid restaked assets.

 

About PrimeStaked, an initiative by Origin:

 

Prime Staked ETH (primeETH) is a liquid restaked token (LRT) by Origin, that provides liquidity for assets that have been deposited into EigenLayer.
 

For press inquiries concerning YieldNest, please contact media@yieldnest.finance.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

AIBlockCoin revolutionizes blockchain with AI

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As technology continues to evolve, blockchain and artificial intelligence (AI) have become the two driving forces behind the transformation of the global digital economy. The combination of these technologies is triggering a revolution across various industries, spurring innovation and change. AIBlockCoin (AIBC/USDT) stands at the forefront of this transformation, merging the transparency and security of blockchain with the decision-making power of AI to offer new solutions for the digital economy. But how exactly is this revolutionary technology reshaping industries, and how does it align with global trends and policies?

Blockchain technology, known for its decentralization and immutability, effectively addresses issues of data security and privacy protection. Meanwhile, AI relies on vast amounts of data to function, requiring not only efficient data processing but also ensuring its security and integrity. In traditional AI systems, centralized data management can lead to risks such as data breaches, tampering, or misuse. However, blockchain’s distributed ledger system offers a secure and reliable data storage mechanism for AI, ensuring transparency and immutability of the data. By combining AI and blockchain, data can be securely shared and used globally, alleviating concerns about privacy and data security.

AIBlockCoin integrates blockchain technology to make AI systems more secure and transparent during data processing. This not only strengthens users’ trust but also provides industries that handle sensitive data, such as healthcare, finance, and logistics, with an entirely new data management model. In these sectors, data security and transparency are paramount, and AIBlockCoin offers an efficient, intelligent solution.

In addition to data security, the smart contracts on blockchain are self-executing contracts that automatically carry out tasks when certain conditions are met. When enhanced with AI’s deep learning and data analysis capabilities, these smart contracts become even more intelligent, capable of learning and making decisions autonomously. On the AIBlockCoin platform, AI-powered smart contracts can adjust their terms based on real-time data and make intelligent decisions. This automation not only improves contract execution efficiency but also reduces the need for human intervention, driving innovation across industries. For example, in the financial sector, AIBlockCoin’s smart contracts can automatically conduct risk assessments and asset allocation, helping financial institutions optimize their portfolios. In supply chain management, AI-driven smart contracts dynamically adjust logistics plans, optimize inventory management, and enhance the overall efficiency of the supply chain. These innovations increase efficiency while significantly reducing costs.

AIBlockCoin is also at the forefront of driving decentralized finance (DeFi). DeFi is a blockchain-based financial system that offers financial services without intermediaries. AI enhances DeFi by making financial transactions more intelligent. The AIBlockCoin platform analyzes market trends and data using AI algorithms, providing users with intelligent investment advice and automated trading strategies. This combination not only boosts the efficiency of financial services but also reduces costs, making financial services more accessible to users worldwide, especially in areas lacking traditional financial infrastructure. As policies advance and technology improves, the integration of AI and blockchain will continue to push the development of DeFi, potentially reshaping the global financial system.

AIBlockCoin actively responds to global digital economy trends, positioning itself to meet the needs of international policies. According to the International Data Corporation (IDC), the global digital economy is projected to account for 50% of global GDP by 2025. Blockchain and AI, as the two pillars of the digital economy, are playing a pivotal role in driving this growth. AIBlockCoin is aligned with this trend, aiming to provide blockchain- and AI-based intelligent solutions for multiple industries, helping businesses achieve digital transformation and supporting sustainable global economic development.

In addition to market alignment, data privacy and compliance are critical in today’s global landscape. Governments and international organizations are implementing policies such as the European Union’s General Data Protection Regulation (GDPR), which imposes strict requirements for data privacy and protection. AIBlockCoin ensures that its platform complies with these regulations by leveraging blockchain’s transparency and immutability to secure data processing. By using advanced encryption technologies such as zero-knowledge proofs (ZKPs), AIBlockCoin guarantees that user data remains private during transactions, fully aligning with global privacy protection policies. This ensures that AIBlockCoin is not only technologically advanced but also competitive on a global scale in terms of compliance.

Furthermore, AIBlockCoin is committed to addressing global concerns around sustainability and energy efficiency. The energy consumption of blockchain technology has become a focus of international attention, especially in blockchains that use the proof-of-work (PoW) consensus mechanism, which is highly energy-intensive. AIBlockCoin addresses this by adopting the more energy-efficient proof-of-stake (PoS) mechanism, which significantly reduces energy consumption while increasing transaction speed and efficiency. This aligns with global green technology trends and promotes the sustainable development of blockchain technology.

Looking ahead, as the demand for blockchain and AI technology continues to grow globally, AIBlockCoin will remain at the forefront of innovation and transformation. AIBlockCoin will not only continue to drive change in finance, healthcare, and supply chain industries, but it will also expand into new sectors such as energy and real estate, offering intelligent and efficient solutions. At the same time, AIBlockCoin will actively adapt to global policies and regulatory requirements to ensure that its technology applications remain compliant and secure. By partnering with leading global technology companies and academic institutions, AIBlockCoin will further advance the integration and innovation of AI and blockchain technologies, contributing to the sustainable development of the global digital economy.

AIBlockCoin (AIBC/USDT) is not just a technological innovation; it is a force that is driving the transformation of the global digital economy. By combining AI’s capabilities in intelligent learning and decision-making with blockchain’s transparency and security, AIBlockCoin is bringing unprecedented changes to industries worldwide. As global technology and policy continue to evolve, AIBlockCoin is poised to play an even more significant role in advancing technology and sustainable economic development, leading the artificial intelligence revolution within the blockchain sector.

Contact name: Shahrir 

Company name: Greyscale

Website https: https://www.grayscale.com

Country: America

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

How to Reclaim Scammed Bitcoin (A 2024 Guide for Victims of Cryptocurrency Fraud)

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Cryptocrimeinvestigation (CCI) today announces a publication of an article on How to Reclaim Scammed Bitcoin(A 2024 Guide for victims of cryptocurrency fraud) for those who are into the cryptocurrency business and those yet to venture into.

As the cryptocurrency landscape continues to evolve in 2024, so does the threat of scams and fraudulent activities targeting unsuspecting investors.

With Bitcoin and other cryptocurrencies gaining mainstream acceptance, the rise in scams has left many victims feeling helpless.

 

This press release aims to provide a comprehensive guide on how individuals can reclaim their stolen Bitcoin and protect themselves from future scams.

 

Understanding the Landscape of Cryptocurrency Scams

 

Cryptocurrency scams come in various forms, including phishing attacks, Ponzi schemes, fake investment platforms, and more. According to recent reports, billions of dollars have been lost to such fraudulent activities in the past year alone. As the digital currency market expands, scammers are becoming increasingly sophisticated, making it crucial for victims to act swiftly and strategically.

 

Steps to Reclaim Stolen Bitcoin

 

1. Document Everything: Collect all relevant information regarding the scam, including transaction IDs, wallet addresses, email communications, and screenshots. This documentation will be vital for any investigations.

 

2. Report to Authorities: File a report with local law enforcement and relevant

agencies, such as the Federal Trade Commission (FTC) in the United States. Additionally, report the scam to the Internet Crime Complaint Center (IC3) and any applicable consumer protection organizations.

 

3. Notify Your Cryptocurrency Exchange: If you purchased the Bitcoin through an exchange, inform them about the scam. Many exchanges have protocols in place to assist victims and may be able to freeze stolen assets or trace transactions.

 

4. Engage with Blockchain Analysis Firms: Consider hiring a reputable blockchain analysis firm that specializes in tracking down stolen cryptocurrencies. These firms utilize advanced technology to trace stolen assets and may assist in recovering funds.

5. Seek Legal Counsel: Consult with a lawyer who specializes in cryptocurrency and financial fraud. They can provide guidance on possible legal actions, including filing lawsuits against scammers or involved parties.

 

6. Monitor Your Accounts: Keep an eye on your cryptocurrency wallets and accounts for any unauthorized activity. Change passwords and enable two-factor authentication to bolster security.

 

7. Educate Yourself: Stay informed about common scams and the latest security practices. Knowledge is your best defense against future fraud.

 

 

Preventing Future Scams

 

In addition to recovering lost funds, it’s vital for cryptocurrency users to adopt preventive measures. These include using secure wallets, verifying the authenticity of investment opportunities, and being wary of unsolicited communications.

As cryptocurrency continues to reshape the financial landscape, the risk of fraud remains a significant challenge. By following the steps outlined in this guide, victims of cryptocurrency scams can take proactive measures to reclaim their stolen Bitcoin and safeguard their investments.

 

 

About Crypto Crime Investigation: Crypto Crime Investigation is a leading firm focused on blockchain investigations and funds recovery. Our team of experts is dedicated to providing clients with the knowledge and resources needed to safeguard their digital assets.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

How to Reclaim Scammed Bitcoin (A 2024 Guide for Victims of Cryptocurrency Fraud)

Published

on

Cryptocrimeinvestigation (CCI) today announces a publication of an article on How to Reclaim Scammed Bitcoin(A 2024 Guide for victims of cryptocurrency fraud) for those who are into the cryptocurrency business and those yet to venture into.

As the cryptocurrency landscape continues to evolve in 2024, so does the threat of scams and fraudulent activities targeting unsuspecting investors.

With Bitcoin and other cryptocurrencies gaining mainstream acceptance, the rise in scams has left many victims feeling helpless.

 

This press release aims to provide a comprehensive guide on how individuals can reclaim their stolen Bitcoin and protect themselves from future scams.

 

Understanding the Landscape of Cryptocurrency Scams

 

Cryptocurrency scams come in various forms, including phishing attacks, Ponzi schemes, fake investment platforms, and more. According to recent reports, billions of dollars have been lost to such fraudulent activities in the past year alone. As the digital currency market expands, scammers are becoming increasingly sophisticated, making it crucial for victims to act swiftly and strategically.

 

Steps to Reclaim Stolen Bitcoin

 

1. Document Everything: Collect all relevant information regarding the scam, including transaction IDs, wallet addresses, email communications, and screenshots. This documentation will be vital for any investigations.

 

2. Report to Authorities: File a report with local law enforcement and relevant

agencies, such as the Federal Trade Commission (FTC) in the United States. Additionally, report the scam to the Internet Crime Complaint Center (IC3) and any applicable consumer protection organizations.

 

3. Notify Your Cryptocurrency Exchange: If you purchased the Bitcoin through an exchange, inform them about the scam. Many exchanges have protocols in place to assist victims and may be able to freeze stolen assets or trace transactions.

 

4. Engage with Blockchain Analysis Firms: Consider hiring a reputable blockchain analysis firm that specializes in tracking down stolen cryptocurrencies. These firms utilize advanced technology to trace stolen assets and may assist in recovering funds.

5. Seek Legal Counsel: Consult with a lawyer who specializes in cryptocurrency and financial fraud. They can provide guidance on possible legal actions, including filing lawsuits against scammers or involved parties.

 

6. Monitor Your Accounts: Keep an eye on your cryptocurrency wallets and accounts for any unauthorized activity. Change passwords and enable two-factor authentication to bolster security.

 

7. Educate Yourself: Stay informed about common scams and the latest security practices. Knowledge is your best defense against future fraud.

 

 

Preventing Future Scams

 

In addition to recovering lost funds, it’s vital for cryptocurrency users to adopt preventive measures. These include using secure wallets, verifying the authenticity of investment opportunities, and being wary of unsolicited communications.

As cryptocurrency continues to reshape the financial landscape, the risk of fraud remains a significant challenge. By following the steps outlined in this guide, victims of cryptocurrency scams can take proactive measures to reclaim their stolen Bitcoin and safeguard their investments.

 

 

About Crypto Crime Investigation: Crypto Crime Investigation is a leading firm focused on blockchain investigations and funds recovery. Our team of experts is dedicated to providing clients with the knowledge and resources needed to safeguard their digital assets.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

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