What is YO Labs' main goal with the $10 million funding?

YO Labs plans to use the $10 million to expand its crypto yield optimization platform to more blockchains and improve its infrastructure.

How does YO Protocol differ from other DeFi yield aggregators?

Unlike single-chain aggregators, YO Protocol operates cross-chain and uses independent 'embassy' vaults to minimize bridge risk, while factoring in risk-adjusted yield.

Who are the main investors in YO Labs' Series A round?

Foundation Capital led the $10 million Series A round for YO Labs, with participation from Coinbase Ventures, Scribble Ventures, and Launchpad Capital.

Home / Business and Economy / YO Labs Secures $10M for Cross-Chain DeFi Yield Optimization

YO Labs Secures $10M for Cross-Chain DeFi Yield Optimization

16 Dec

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Summary

YO Labs raised $10 million in Series A funding to expand its crypto yield platform.
The protocol optimizes crypto yield across multiple blockchains using a novel architecture.
YO Labs' system minimizes bridge risk through independent 'embassy' vaults on each chain.

YO Labs Secures $10M for Cross-Chain DeFi Yield Optimization

YO Labs has successfully raised $10 million in a Series A funding round, spearheaded by Foundation Capital with participation from Coinbase Ventures, Scribble Ventures, and Launchpad Capital. The development team behind the YO Protocol aims to leverage this capital to broaden its yield optimization platform's reach across additional blockchains and bolster its underlying infrastructure.

The YO Protocol is engineered to enable users to generate yield on their crypto assets. It achieves this by intelligently rebalancing capital across various decentralized finance (DeFi) protocols while meticulously assessing risk. A key innovation is its cross-chain functionality, which differentiates it from single-chain aggregators by establishing independent "embassies" or vaults on each blockchain to hold native assets, thereby reducing bridge-related risks.