ynBNB MAX
YNBNBX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
YNBNBX (ynBNB MAX) is a yield-bearing liquid restaking token on BNB Chain developed by YieldNest, designed to aggregate staking and restaking yields from underlying BNB derivatives. The protocol features an ERC-4626 vault design with documented runtime monitoring and access-control systems (such as HyperNative integration and Guard Validation Engine), and maintains a clean incident history with no reported exploits, depegs, or regulatory actions. However, the project suffers from critical structural and market weaknesses: an anonymous team with centralized upgradeable proxy permissions, the absence of a verified third-party smart contract audit report specific to the token, negligible trading volume ($11.77 in 24 hours), severe market illiquidity, and an embryonic community with little active governance participation. There were no -1.0 score data gaps and no qualifying red-flag events requiring an artificial score cap.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About ynBNB MAX (YNBNBX)
YNBNBX (ynBNB MAX) is a liquid restaking token on BNB Smart Chain developed by YieldNest. Designed as an ERC-4626-compliant yield-bearing vault token, it functions as a receipt that aggregates yields across BNB staking, restaking, and decentralized finance strategies. The token operates with an elastic supply and no maximum cap, accumulating value relative to underlying BNB assets and liquid staking derivatives such as wBNB, slisBNB, clisBNB, and asBNB.
While the protocol has no recorded history of hacks, depegs, or regulatory enforcement actions, it exhibits several structural and governance risks. Strategy selection and vault operations are centrally managed by an anonymous team without active decentralized governance or formal timelock mechanisms. Technical infrastructure relies on an upgradeable proxy contract pattern (EIP-1967). Additionally, although YieldNest documents runtime security measures such as HyperNative automated monitoring and transaction guard engines, the ynBNBx token lacks a verified, published third-party smart contract audit report specific to its deployment.
Market adoption for YNBNBX remains low, marked by negligible daily trading volumes, minimal liquidity, and a high major-holder concentration. The token also exhibits a substantial divergence between its total supply and self-reported circulating supply, and it does not offer protocol governance voting rights or native fee-capture utilities.