Asset Risk Assessment: YieldNest ynBTCk
A comprehensive risk review of YieldNest Kernel Restaked BTC ynBTCk
Report Summary
ynBTCk is a standalone MAX LRT strategy, structured as an ERC-4626 compliant vault. It integrates Bitcoin-connected strategies to deliver optimized yield while serving as a foundational component for future YieldNest products, including ynBTCx, which will be released later. This report provides a detailed risk assessment of the YieldNest ynBTCk product, focusing on its architecture and dependencies. ynBTCk relies on multiple underlying assets and the Kernel restaking framework built on the Karak restaking protocol. The report offers a comprehensive review of the vault's overall structure and its associated dependencies to ensure transparency and mitigate potential risks.