YO Labs Raises $10M to Scale Cross-Chain Crypto Yield Optimization Protocol
YO Labs, the development team behind YO Protocol, has raised $10 million in a Series A round to expand its crypto yield optimization platform.
Venture capital firm Foundation Capital led the round, joined by Coinbase Ventures, Scribble Ventures, and Launchpad Capital.
The San Francisco-based company plans to use the funding to bring its yield optimization protocol to more blockchains and improve its infrastructure.
YO Protocol is designed to help users earn yield on crypto assets by automatically rebalancing capital across multiple decentralized finance (DeFi) protocols while factoring in risk. It currently offers users access to USD, EUR, BTC, and gold-based yield products.
Unlike most DeFi yield aggregators that operate within a single…
