# Chapter 2: Rhythm of Yield

Welcome to **Chapter 2: Rhythm of Yield**, where the Meow Finance experience ramps up with the full rollout of our yield-bearing NFT infrastructure! This chapter is all about bringing the power of **Liquidity-Staking Tokens (LSTs)** to life, and it's set to transform the way you engage with NFTs.

### **Chapter Highlights:**

* **Launch of Yield-Bearing NFTs:** In Chapter 2, our NFTs are backed by **Liquidity-Staking Tokens (LSTs)**, transforming your cat from a collectible into an income-generating asset. The flywheel effect kicks in as fees, penalties, and yield generated across the ecosystem—including **NFT Time Lock Vaults**, **Liquid Launch**, and **PreSale Vaults**—flow directly into the LST NFTs, continuously increasing their backing ratio.
* **Increased Backing Ratio**: As more fees and yields are generated through our integrated products, the backing ratio of your LST NFT steadily grows, amplifying the value of your investment. This flywheel keeps working, providing increasing rewards.
* **Yield Streams:** Apart from the yield generated through the **MeowFi Flywheel**, the liquidity is used to further generate rewards. Assets are lent to partner protocols, with additional yield from re-staking, partnered protocol loans, BGT emissions, incentivized pools, and bribes. All of this flows into the **MeowFi Treasury**, creating **Multi-Layer Yield**.
* **Unruggable Investment**: With **MeowFi**, you can redeem your investment anytime—our design ensures security and limits, so your asset is always valuable and redeemable.
* **Evolving Benefits:** The introduction of **tiered NFTs** and **advanced yield mechanisms** means new benefits and increased rewards over time. Plus, continue to enjoy perks from our growing partner protocols.

**The Meow Finance Flywheel**: All of our products—NFT Time Lock Vaults, Liquid Launch, PreSale Vaults, and more—work together to generate increasing yield, making MeowFi a dynamic, income-generating ecosystem. Holders benefit from a flow of fees, yield, and rewards, all feeding back into the ecosystem to power growth.

**Chapter 2** is where the rhythm of yield kicks in, blending DeFi with the vibrant world of MeowFi. 

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