YO Labs Secures $10 Million Series A Led by Foundation Capital
YO Labs announced a $10M Series A led by Foundation Capital, with Coinbase Ventures participating, to expand YO Protocol’s multi-chain reach and enhance risk-managed DeFi infrastructure.
YO Labs officially announced a $10 million Series A funding round led by Foundation Capital, joined by Coinbase Ventures, Scribble Ventures, and Launchpad Capital. The company plans to expand YO Protocol to more blockchains and upgrade its infrastructure, reinforcing its focus on multi-chain yield optimization and risk-managed DeFi products. YO Protocol uses specialized vaults such as yoETH, yoUSD, yoBTC, yoEUR, and yoGOLD, allocating capital to optimal risk-adjusted yields and employing 'embassies' to hold native assets safely across chains, along with a 'DeFi Graph' to monitor protocol dependencies and execute automated withdrawals during adverse events.
- YO Protocol: A blockchain protocol developed by YO Labs that optimizes yield across multiple blockchains by rebalancing capital among DeFi protocols while factoring in risk.
- Risk Adjusted Yield: A yield metric that incorporates probability of default and other risk factors to prioritize safer returns over highest advertised rates.
- DeFi Graph: A monitoring system in YO Protocol that tracks multi-level dependencies among DeFi assets to enable proactive risk management and withdrawals during protocol failures.