YieldNest, a DeFi infrastructure provider for yield strategies, has introduced ynRWAx, a vault designed to integrate real credit yields into decentralized finance. The product focuses on combining tokenized assets with lending mechanisms commonly used in DeFi, including leveraged looping strategies.
The vault targets an annual return of approximately 11%, based on mortgage-backed private credit linked to residential real estate in Australia. The credit transactions are managed by Kimber Capital, a recognized Australian investment firm specializing in structured loans. YieldNest provides the on-chain architecture and integrations.
ynRWAx is structured as a yield-bearing asset that allows users to gain exposure to off-chain credit markets within blockchain-based systems. It follows the ERC-4626 standard, which supports compatibility with lending protocols and broader DeFi applications without requiring special permissions.
The vault currently contains a total value of over $7.5 million and works across multiple networks including Ethereum, Base, Arbitrum, and Polygon. Additional integrations include Euler and Morpho for lending, as well as Pendle and Spectra, which allow for a separation of fixed and variable return components. Incentive tiers are offered through Merkl and Brevis Incentra, which add additional rewards in addition to the basic return.
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