🚀 BNB Hits ATH While ynBNBx TVL Reaches $42M Record

YieldNest published a guide explaining yield looping strategies that capture the spread between real-world asset yields and DeFi borrowing rates. **The core concept:** - When an asset earns more than it costs to borrow against, users can loop the spread - Process: Deposit asset → borrow stablecoins → buy more of the asset → deposit again - Each cycle amplifies exposure to the yield differential The guide covers: - Mathematical breakdown of the looping mechanism - Platform options for executing the strategy - Associated risks and considerations Full walkthrough available at: [YieldNest Medium](https://medium.com/@yieldnest/ynrwax-looping-capture-the-spread-between-real-world-yield-and-defi-borrow-rates-269de9395cc9) *Note: Content is for educational purposes only and does not constitute financial advice.*

**Yield tokenization options expand for $ynRWAx holders** Users can now split their $ynRWAx tokens into two components on two different platforms: - **PT (Principal Token)**: Locks in a fixed return, redeemable at full value at maturity - **YT (Yield Token)**: Provides pure exposure to variable yield at a fraction of the capital **Available venues:** - [Spectra Finance](https://app.spectra.finance/pools/eth:0x8ee494461b402abf3b26cbcb87030847fcbf6183) - [Pendle Finance](https://app.pendle.finance/trade/pools/0xfce3f966a131c46a51b896ceea3917bc4c302577/manual/liquidity/add?chain=ethereum&view=chart) This follows the March launch of $ynRWAx on Pendle, where LP APY reached approximately 36%. The token is backed by real-world asset yields and operates fully on-chain. Users can compare both platforms to determine which better suits their yield strategy preferences.

YieldNest's **ynRWAx vault** has achieved significant traction with over **$7.5M in total value locked** and more than **2,500 holders**. **Key metrics:** - Deployed across 8 blockchain networks: Ethereum, Base, Arbitrum, BNB Chain, Avalanche, Polygon, Plume, and XDC - Vault management by Kimber Capital (AFSL No. 425278) - On-chain infrastructure powered by YieldNest - Offering approximately **11% APY** with instant liquidity via Curve Finance The vault has positioned itself among top-performing stablecoin vaults in the RWA (Real World Assets) space, providing users with risk-adjusted returns while maintaining liquidity options for immediate exits.

**ynRWAx delivers 11% APY from mortgage-backed private credit** on Tier-1 Australian real estate - representing actual real-world yield rather than token emissions or speculative returns. **Key characteristics:** - Senior debt position with $323M+ in gross collateral - Stable yield without requiring leverage strategies - ERC-4626 compliant token with auto-compounding - Currently available on Morpho and Euler lending markets **The asset structure:** ynRWAx holders sit at the top of the capital stack as senior debt, with a loan-to-value ratio of just 0.47% against audited property assets. Developer equity acts as first-loss protection. Interest is prepaid bi-weekly by the borrower and streamed directly to token holders on Ethereum L1. The underlying loans are verified through independent legal due diligence by Bird & Bird. **Integration options:** - Dedicated lending pool on [Morpho](https://app.morpho.org/ethereum/vault/0xA1B096268D200d0ecFD57015700F6a0DA9c494e2/yieldnest-rwa) - One-click looping via [Euler](https://app.euler.finance/vault/0x7fAb04FF2717d9A6B71A51c56c29697179597D40?network=ethereum) - Yield tokenization through Pendle and Spectra Rates are variable and reflect current market conditions. The token has a fixed maturity date of October 14, 2026.

**Euler V2's multiply feature streamlines leveraged yield farming** by automating the entire looping process into a single transaction. **Key features:** - Uses flash loans to execute borrowing, swapping, and resupplying automatically - Vault-to-vault LTV settings optimized for ynRWA - One-click execution eliminates manual multi-step processes This innovation builds on similar functionality previously introduced by [Morpho](https://app.morpho.org/ethereum/borrow), which partnered with Velora DEX to enable position looping across Ethereum, Base, Unichain, and Polygon networks.