We're looking for creators who want to dig deeper than surface-level promotion. People who see the potential in what we're building and want to help others understand it, too. This is your chance to get in early with a team that's solving real problems in DeFi and play a role in building the yield engine of the crypto economy.

We're looking for creators who:

• Want to explain complex DeFi concepts clearly and help users navigate yield strategies

• See the value in multichain optimization and risk-adjusted returns

• Create content that educates rather than just promotes

• Want to build genuine relationships with their audiences around DeFi

This is perfect for those who:

• Love diving deep into protocol mechanics and sharing insights

• Want to grow their following alongside a growing protocol

• Are excited about being early advocates for innovative DeFi infrastructure

How It Works

Every week, we're rewarding our top contributors with either yoTokens or points:

🥇1st Place: $300 of a yoToken of your choice

🥈2nd Place: 2,000 points

🥉3rd Place: 1,000 points

Each week, winners will be announced on X (@yield) and rewards will be sent to their linked wallet. Participants can only win twice. Campaigns will begin every Monday and end on the following Monday at 23:59 UTC.

👑 YOnqueror of the Month 👑

The YOnqueror of the Month is the referral champion. At the end of each month, we will award the user who brings in the most referred TVL in a month with additional rewards! The winner will receive $500 + 5,000 points.

This will be tracked through your referral link, so make sure you’re always using your referral link when sharing YO with your frens. To give all community members a fair chance, winners can only be awarded YOnqueror of the Month once. Once they’ve earned the title, they will not be eligible to win in future months.

YOnqueror of the Month will be determined on the last day of the month at 23:59 UTC and shared on the first of the following month.

Creator Scoring

We'll evaluate contributions via a “Creator Score” based on:

X Content Quality: Educational threads, insightful analysis, engaging content that helps users understand YO

Community Impact: Referrals that bring real users and capital to our vaults

To participate, you must fill out our ambassador form to track your contributions and referral metrics. This helps us recognize outstanding work and reward the creators making the biggest impact.

Getting Started

YOligarchy 2 starts today! Here's how to join:

1. Fill out the ambassador form to get started

2. Follow @yield and @yield_intern on X. If you stop following the accounts, the content won’t be taken into account.

3. Create content that explains YO's value and helps users understand yield optimization. Content needs to tag/mention @yield.

4. Share your referral link to bring users into YO

5. Be part of our community for the long term

If you already registered for the pilot program of YOligarchy, you do not need to register again for YOligarchy 2.

Ready to join the YOligarchy? Let's build something meaningful together. The future of the crypto economy depends on it!

However, not all yield is created equal, and at YO, our focus is risk-adjusted yield. That means every decision made by the protocol aims to maximize yield for a given level of risk, dynamically allocating deposits to the most attractive opportunities and withdrawing from those that are less efficient.

Let’s break down where YO’s yield comes from, how it’s distributed, and how our risk-adjusted framework ensures every vault grows safely and sustainably.

Where does the yield come from?

First, it’s important to know that vault allocation consists of two key components:

1. Underlying pools

2. Yield optimization algorithm

Yield accrues through the various underlying pools and strategies that each vault invests in. These can include lending markets, liquidity pools, or other DeFi strategies that produce real onchain returns.

The vault’s total yield is calculated as the weighted average of all yields across its underlying pools, factoring in both active investments and any idle assets. As yield accrues, it’s distributed proportionally to all vault participants, reflected through their holdings of yoTokens.

YO uses a yield optimization algorithm to dynamically allocate capital across the underlying pools. The algorithm continuously evaluates all whitelisted opportunities, taking into account both yield and risk, and determines where each new deposit should go to maximize risk-adjusted return.

When users deposit, funds are directed into pools offering the most attractive yields per unit of risk. When users withdraw, redemptions are sourced from the least attractive pools. This mechanism ensures that capital is always deployed efficiently, maintaining diversification while optimizing safety and performance in real time.

What is risk-adjusted yield?

Traditional yield metrics focus purely on return. But in DeFi, a high yield can sometimes signal higher risk, whether from smart contract vulnerabilities, liquidity depth, or counterparty exposure. Risk-adjusted yield goes a step further by evaluating how much yield you earn per unit of risk.

YO integrates Exponential’s risk scoring system to quantify the relative safety of each pool. Each pool receives a quantitative score that represents its estimated probability of total loss, or the likelihood of a “wipeout” event where all capital could be lost.

For example, we can see here that yoETH, yoBTC, and yoUSD have a Moderate (C) risk rating. This means that there is a moderate risk of losing your investment due to potential security and risk management issues. The final rating is a result of the compounding of risks at the chain level (Base), protocol level (YO), and the underlying yield strategies for each vault.

By combining each pool’s APY with its associated risk score, YO can calculate a risk-adjusted yield that reflects both returns and safety. The protocol’s algorithm then determines the optimal allocation, the mix of pools that maximizes the vault’s overall return while minimizing risk.

In other words, YO continuously answers this question:

Given today’s opportunities, where should every dollar in this vault go to earn the best possible yield for the least amount of risk?

Sustainable yield, optimized for safety

By combining algorithmic allocation with quantitative risk assessment, YO delivers yield that is both sustainable and defensible. Every vault evolves in real time, adjusting its exposure as risk profiles and yields shift across DeFi. Depositors no longer have to chase yield or manage risk themselves. The result is steady, organic yield that reflects real onchain activity rather than speculation.

• yoEUR vault is live!

• YOligarchy and Treasure Chest campaigns 💰

• New automated looping markets from IPOR ➿

• Morpho markets are here 🙌

• New Pendle markets 👀

• Integrations, integrations, and more integrations!

September was a jam-packed month for YO, full of new developments, including the launch of yoEUR, YOligarchy, new markets, and an abundance of new integrations to bring you the highest performing yield. We also reached new heights, including becoming the largest yield aggregator on Base and the 14th largest protocol overall. Read on as we dive into our biggest announcements from September. ⬇️

yoEUR

Starting the month off strong, we launched our latest vault, yoEUR, on September 5th. This launch marks the first-ever multichain euro-denominated stablecoin vault. Euro stablecoins are a growing market, hovering around ~$500m/~$600m. With the euro itself rallying over 13% against the dollar this year, demand for euro-denominated opportunities is rising.

yoEUR is designed to capture that momentum. By routing deposits into top-performing EUR pools across DeFi, backed by Exponential's risk framework, the vault turns idle euro assets into productive capital. Users can now earn sustainable yield on their EURC through one simple deposit, with future integrations unlocking advanced strategies such as looping, yield markets, atomic swaps, and more.

yoEUR has already climbed past $900k TVL, boosted by 7% base yield plus 3% extra Merkl rewards, a powerful combo in a market hungry for euro-denominated returns.

https://blockworks.co/news/euro-stablecoin-push-thin-liquidity

YOligarchy Ambassador Program

This month, we launched the YOligarchy Ambassador Program, built for creators and YOverse supporters who want to do more than post-and-ghost. We’re looking for creators who want to explain DeFi yield clearly, grow with our community, and help users make sense of yield optimization across chains and protocols. This entails creating YO content on X and tagging us in your best efforts.

Winners have been announced every Wednesday beginning September 10, and received the coveted "YO KNIGHT" role. Week 5 began on October 1st so don’t miss out!

We’re working on the next season of the program, so keep an eye out for updates on X!

Treasure Chest

Season 1 of Treasure Chest launched on September 18th as a surprise reward game for loyal depositors.

Depositors had the chance to earn up to 15 keys during Season 1. Each key unlocked a chest with a random multiplier between 0.1× and 100× the depositors’ average daily points. Off-app DeFi activity (Morpho, Euler, Pendle, Mitosis, etc.) didn’t count this season to keep the points program balanced and prevent dilution.

We had a total of $2.46M deposited as part of the Treasure Chest campaign, with the most popular vault being yoBTC, followed by yoETH.

Season 1 wrapped on September 30th. Stay tuned for Season 2!

🔗 Check out the FAQ here.

Loopy Lenders

This month also brought new automated looping markets from IPOR!

First was a new Clearstar-fueled yoUSD Loooper vault. This vault does the looping for you, targeting ~30% APY while delivering a 6x YO points boost. The vault hit capacity out of the gate before being immediately raised. And once again, the cap was hit at $500k.

https://x.com/ipor_io/status/1965781334087147700

Second was a new Clearstar-fueled yoETH Loooper vault. This vault targeted ~18% APY while delivering a 5x YO points boost.

https://x.com/ipor_io/status/1968669007470543041

As a reminder, these are the avenues to loop yoTokens:

• Morpho: yoETH, yoUSD

• Euler: yoETH, yoUSD, yoBTC

• Contango: yoETH, yoUSD

• IPOR Fusion: yoETH, yoUSD

Want to learn more about looping? 🔗 Check out our blog post here.

Morpho Markets

Morpho is built for efficiency, matching lenders and borrowers directly to deliver sharper rates and deeper liquidity. That design pairs naturally with YO’s mission to make capital as productive as possible.

With our new markets live, users can now put yoUSD and yoETH to work on Morpho. Lend USDC or WETH into Clearstar-powered vaults and earn APYs, or borrow against deposits at up to 91.5% LTV. From there, loop positions to compound exposure while stacking YO Points.

Whether you prefer stable yield or ETH leverage, these markets offer flexibility and efficiency, with YO managing risk across vaults and Morpho ensuring the best rates.

https://x.com/yield/status/1958891920379240880

New Pendle Markets

We dropped fresh yoEUR, yoETH and yoUSD yield markets this month!

PTs (Principal Tokens) to lock in stable yield:

→ yoETH PT: 8% fixed APY until Mar 25, 2026.

→ yoUSD PT: 16% fixed APY until Mar 25, 2026.

→ yoEUR PT: 8% fixed APY until Mar 25, 2026.

The song remains the same: trade yield, lock in to market-leading yields, and farm YO points.

🔗 Check out our blog post on how points work on Pendle here.

New Integrations

From infrastructure to applications to wallets, the YOverse is rapidly expanding with new integrations. Here are some of the highlights:

• Tuyo is the first wallet with native YO integration, offering one-click access to DeFi yield. Instead of hopping between dApps and protocols, you can allocate to yoVaults directly from their wallet interface.

• Velvet took the initiative to add all four yoVaults! Velvet now gives users one-click access to yoTokens from any asset, no bridging or extra steps required. Positions can also be tracked in the Velvet dashboard while YO's rebalancing algo and risk engine work in the background to deliver the best yield for Velvet users.

• Extra Finance added yoUSD and yoETH to their XLend, allowing up to 75% LTV.

• Harvest Finance’s WETH Autopilot is now plugged into Cleartstar's ETH Reactor, adding more liquidity to Morpho's yoETH loopers market.

• Earnbase and Vaults.fyi are now tracking yoEUR.

• Axal integrated yoUSD into their app.

That’s a wrap on September. Stay tuned for more exciting updates from YO next month!

Three Layers of Integration

YO’s integrations span across three layers of DeFi:

1. DeFi protocols: where yoTokens are used directly in lending, liquidity, and yield trading.

2. Backend routing: where YO connects to execution infrastructure to keep vault operations smooth and efficient.

3. Wallets, APIs, and dashboards: where users can access YO seamlessly through the tools they already use.

Together, these layers show how YO is evolving from a single app into a composable financial primitive woven throughout DeFi.

DeFi Protocol Integrations: Making yoTokens Work for You

ERC-4626, the tokenised vault standard, unlocked the true scaling moment for vaults. Because yoTokens are ERC-4626 compliant, they integrate anywhere in DeFi just like an ERC-20, meaning your yield doesn’t stop at the YO app.

Here’s where yoTokens are already live today:

• Lending & Borrowing: Supply yoETH, yoUSD, or yoBTC as collateral on Morpho or Euler to loop, borrow, or manage leverage.

• Liquidity Provision: Provide liquidity on Balancer with pairs like yoUSD–USDC or yoETH–WETH to stack trading fees on top of vault yield.

• Yield Trading: Split yoTokens on Pendle into principal and yield components, letting you lock in fixed returns or speculate on future yields.

• Smart Lending Platforms: Use yoTokens as collateral on Euler and Morpho for leveraged strategies and active debt management.

📊 Adoption snapshot:

• 44% of yoETH supply is already deployed across Pendle, Euler, and Morpho.

• 26% of yoUSD supply is circulating in lending markets and LP pools.

• 11% of yoBTC supply is integrated across DeFi, setting the stage for more growth.

Backend Routing: Efficiency Under the Hood

Running dynamic strategies across chains requires constant rebalancing. Without good routing, slippage and thin liquidity eat into returns. YO solves this by plugging into leading aggregation infrastructure like Enso, 1inch, Odos, and Cow Swap.

These platforms source liquidity from across DeFi, ensuring vault transactions are executed at the best possible path and price. The result:

• Users capture the full yield of strategies.

• YO scales across multiple chains without building its own execution layer.

• Everything remains transparent and verifiable onchain.

Wallets, APIs, and Dashboards: Bringing YO to More Users

For adoption, access is everything. That’s why YO is integrated directly into wallets and dashboards where users already manage their assets:

• Wallets: Base, Farcaster, Tuyo, Coin98, SafePal, Leap, Binance Web3 Wallet, Axal, HighTop.

• Dashboards & APIs: Zerion (in-app deposits), Yield.xyz (vault data), Axal (yoUSD product suite).

These integrations remove friction. Users can deposit into vaults, track performance, or deploy yoTokens without leaving the tools they already trust.

Tuyo is the first wallet with native YO integration, offering one-click access to DeFi yield. Instead of hopping between dApps and protocols, users can allocate to yoVaults directly from their wallet interface. This kind of embedded UX marks an important step for mass adoption, bringing yield out of niche dashboards and into the everyday wallets people already use.

https://x.com/yield/status/1970880997102370952

The YOverse in Motion

YO is not just another vault platform. By depositing into YO, you’re tapping into an expanding network of integrations that makes yield accessible everywhere in DeFi. From lending markets to wallets, yoTokens are becoming native money legos that plug seamlessly into the broader ecosystem.

As the YOverse grows, so do the opportunities for users. Whether you’re an individual chasing steady returns or an institution building structured products, yoTokens are designed to move with you, across chains, protocols, and platforms.

The YOverse isn’t a roadmap. It’s already here.

How It Works

Make new deposits into YO and earn keys. You can earn up to 15 keys during Season 1. Each key unlocks a chest with a random multiplier between 0.1× and 100× your average daily points. Chests can be opened one by one or all at once if you’ve collected all 15.

Note: Keys can take anywhere from 30 seconds to 10 minutes to appear in the app after completing a deposit. If the Treasure Chest link redirects you back to the YO app, you’re not eligible.

Below please find some frequently asked questions regarding Treasure Chest Season 1. If you have any additional questions, head over to the YO Discord.

General

Q: When does Treasure Chest Season 1 end?

A: Treasure Chest Season 1 ends on September 30th at 15:00 UTC.

Q: Why can’t I see any chests or keys in the app?

A: Treasure Chest is available to all users who held any amount of yoTokens prior to September 18th at 15:00 UTC. If you did not hold yoTokens before this date, the feature will not appear.

Eligibility & Qualification

Q: Do I need to make a new deposit to qualify, or do existing deposits count?

A: Existing deposits qualify for eligibility, but to earn new keys, you must make new deposits into YO.

Q: Are DeFi activities (Morpho, Euler, Pendle, Mitosis, etc.) eligible for keys?

A: No. For Season 1, DeFi activities are not eligible. This design protects the points program from dilution.

Q: Isn’t this unfair to users who supported YO through DeFi activities?

A: DeFi activities remain more rewarding than Treasure Chest. DeFi activities still provide a higher points multiplier than Treasure Chests.

For example, even if you opened all 15 chests, the expected value would only be about a 3× multiplier on one day’s points. DeFi activities can deliver much higher multipliers.

Q: What does “must hold for 30 days” mean?

A: If you withdraw your assets within 30 days of earning keys, you will forfeit all points earned from Treasure Chests.

Keys & Chests

Q: How do I earn keys, and how many can I get?

A: Keys are earned by making new deposits into YO. You can earn up to 15 keys total during Season 1.

Q: Do keys refresh daily?

A: No. There is a maximum of 15 keys available per user for the entire season.

Q: If I open all 15 chests today, can I earn more keys tomorrow?

A: No. Once you’ve opened 15 chests, you cannot earn more keys for Season 1.

Q: Can chests be opened all at once?

A: Yes, if you have earned all 15 keys.

Q: Do chests multiply points for that day only, or retroactively?

A: Chest multipliers apply to your average daily points from the past 7 days. Only points from plain deposits count toward this average.

Technical & Support

Q: The Treasure Chest link just redirects me to the YO app. Is that normal?

A: Yes. This usually means you are not eligible for Treasure Chest (see eligibility rules above). If you think you qualify for Treasure Chest and are still being redirected, please contact support.

Q: I qualify, but my keys haven’t appeared. What should I do?

A: Keys typically take 10 minutes to show up in your app. If you’ve qualified and waited, please reach out to support.

Q: I completed the tasks, but didn't see the keys. Is there a delay?

A: Keys can take up to 10 minutes to appear. If they still don’t show after that, please contact support.

However, not everyone wants the same level of control. Some prefer hands-on management, others want guided automation, and some just want a set-and-forget vault. YO integrates with Morpho, Euler, Contango, and IPOR to cover this entire spectrum.

DIY Farmers: Morpho & Euler

Who it’s for: Morpho and Euler are the natural home for farmers who want to manage every part of their leverage directly. You’ll be comfortable watching metrics like loan-to-value (LTV) ratios, borrow rates, and liquidation thresholds, and actively rebalancing positions to stay safe.

How it works: Looping here means supplying yoTokens as collateral, borrowing the base asset against them, minting more yoTokens, and redepositing. On Morpho, you do this step-by-step. On Euler, the Multiply feature packages the cycle into a single transaction. In both cases, the key parameter is the LTV ratio, which represents how much you’ve borrowed relative to your collateral. Morpho supports LTVs up to 91.5%, while Euler markets generally target around 90%. The closer you push to the maximum, the more leverage you create, but the thinner your buffer becomes.

YO Points impact: YO Points are calculated on your deposit base, so looping multiplies that base. On Morpho, you can loop up to 11x, which would get you 11x Points, while on Euler, you can loop up to 10x depending on the market. A single deposit might earn steady yield and Points, but each additional loop layers more yoTokens into the system, scaling both. This is why loopers often climb the leaderboard faster than passive depositors.

Risks: High LTV ratios increase the risk of liquidation, since even small swings in yields or collateral values can push a position over the line. Borrow costs also scale with each loop, which can eat into net yield if not managed carefully. Monitoring is essential, as interest rates are variable and health factors can change quickly. Gas costs should also be considered, especially on Morpho, where multiple loops mean multiple transactions.

Markets:

• Morpho Clearstar yoETH/WETH

• Morpho Clearstar yoUSD/USDC

• Euler Alterscope yoETH/WETH

• Euler Frontier yoUSD/USDC

• Euler Frontier yoBTC/cbBTC

Assisted Automation: Contango

Who it’s for: Contango is ideal if you want leveraged looping without the hassle of executing each step manually. It’s a good fit if you prefer a cleaner workflow and better visibility into your positions while still keeping control over leverage settings.

How it works: Instead of repeating the cycle of lending, swapping, and borrowing, Contango executes everything in a single flow. You choose your desired leverage level and the platform carries out the necessary steps behind the scenes. The interface presents important information such as entry price, liquidation price, liquidation buffer, return on equity (ROE), and Points multiplier before you commit, so you know exactly how your position is structured.

YO Points impact: Contango positions scale your deposit base just like manual looping, but with the added advantage of transparency. Contango enables looping up to 10x, which would get you 10x Points on your initial collateral. By showing you the YO Points multiplier alongside expected returns and liquidation metrics, Contango helps you weigh risk and reward more clearly.

Risks: The risks remain the same as any leveraged strategy. If your liquidation buffer becomes too thin, your position may be liquidated. Borrowing costs must be considered to ensure that additional yield and Points outweigh expenses. Market volatility and smart contract risks are still present, including exposure to Contango’s own contracts.

Markets:

• Contango yoETH/ETH on Morpho

• Contango yoUSD/USDC on Morpho

Fully Automated: IPOR Fusion

Who it’s for: IPOR Fusion vaults are designed for you if you want a fully passive approach. These vaults suit investors who want high yield and YO Points without the need to manage LTV ratios, monitor borrow rates, or worry about liquidations.

How it works: Fusion vaults, curated by Clearstar Labs, handle the entire looping strategy on your behalf. You deposit assets such as USDC or ETH, and the vault automatically loops them into yoUSD or yoETH with leverage. The vault manager oversees rebalancing, liquidation buffers, and redeployment across strategies, delivering leveraged exposure while removing the need for active management. Vaults have deposit caps to maintain strategy profitability.

YO Points impact: Fusion vaults come with boosted multipliers, up to 6x YO Points, and combine this with competitive APYs. Whether you deposit USDC into the yoUSD Loooper vault or ETH into the yoETH Loooper vault, you benefit from both strong yields and efficient Points farming without direct involvement.

Risks: The main tradeoff is control. By delegating to the vault manager, you rely on their execution and risk management. Vaults also have deposit caps that can limit available capacity. Like all DeFi strategies, smart contract risk is present, although audits and professional oversight help mitigate it.

Markets:

• IPOR yoETH Loooper

• IPOR yoUSD Loooper

Conclusion

Looping is a powerful way to amplify yield and YO Points, but the right approach depends on your risk appetite and how involved you want to be:

• DIY: Morpho & Euler

• Assisted automation: Contango

• Fully automated: IPOR Fusion

Whether you’re a hands-on farmer or a hands-off investor, YO offers a looping strategy that fits your style.

• PT: Fixed APY, no Points

• YT: Long the yield, earn 5× Points

• LP: Earn swap fees, up to 4× Points on the YO token side

Pendle is one of the most powerful tools in DeFi for yield trading. It lets you separate the underlying yield of a token from its principal and trade them independently. For YO vaults, that means there are markets for yoETH and yoUSD that unlock new strategies to farm yield and stack YO Points.

Let’s break down the three main approaches — PT, YT, and LP — and how they connect to YO Points.

Why Pendle?

Pendle allows you to trade the yield of tokens directly. Instead of just holding a yield-bearing asset, you can decide whether to:

• Lock in a fixed yield (PT)

• Speculate on yield going higher (YT)

• Provide liquidity and earn fees (LP)

This flexibility makes Pendle a natural fit for YO vaults, where capital is already deployed into productive yield.

PT: Short the Yield

PT stands for Principal Token, and it represents the fixed yield portion of an asset.

✅ Fixed maturity and fixed yield paid in ETH or USDC

✅ Lets you lock in an implied APY until market expiry (for example, March 25)

❌ No YO Points earned on PT

Think of PT as clipping a safe, fixed coupon. It’s the conservative choice if you want guaranteed returns and don’t care about farming Points.

YT: Long the Yield

YT stands for Yield Token, and it’s where things get interesting.

• If you think yields will rise above the implied APY, you can buy YTs to long the yield.

• Each YT gives you exposure to the yield of 1 yoToken but costs only a fraction of the price. This creates built-in leverage with no liquidation risk.

💡 Example: Deposit $100 yoUSD → buy ~11,000 YTs

Those YTs give you the same yield exposure as depositing ~$11,000 USDC into yoUSD directly.

That’s ~110× leverage for the duration of the market. Each YT earns 5× YO Points.

In this example, your 11,000 YTs would generate ~55,000 Points per day

⚠️ Keep in mind: YTs go to $0 at maturity. You’re betting on the yield stream, not the principal. Do your own research and manage risk accordingly.

LP: Provide Liquidity

The third option is to act as a liquidity provider (LP) on Pendle.

• An LP position is made up of yoToken + PT

• You earn swap fees when traders buy or sell YTs and PTs

• There is no impermanent loss if you hold until maturity

• You earn YO Points only on the yoToken portion (PTs do not accrue Points)

• LPs can get up to 4× YO Points boosts

This approach is ideal if you want to earn steady fees while still collecting boosted Points on your YO tokens.

Explore YO Markets on Pendle

Pendle unlocks advanced strategies on YO vaults. Whether you want a safe fixed APY, leveraged yield exposure, or fee income with Point boosts, there’s a play for you.

Browse the latest YO markets here:

👉 https://app.pendle.finance/trade/markets?search=yo

Today we’re changing that with yoEUR, the industry’s first multichain euro-denominated yield vault, now live on Base. Simply deposit EURC and gain access to the best risk-adjusted yield opportunities across DeFi.

How yoEUR works

→ Deposit EURC on Base into the yoEUR vault→ YO automatically allocates your assets to the most attractive EUR pools across DeFi → You earn risk-adjusted yield, without managing multiple protocols and chains

Depositing is simple. You can deposit EURC directly, zap in from any asset and any chain via our launch partner Enso, or access yoEUR through the Onchain YoGateway for seamless wallet integrations.

Behind the scenes, YO continuously monitors strategy performance and reallocates when better opportunities arise. All allocations are screened using Exponential.fi’s risk rating system to keep fund safety at the core of every decision. Withdraw back to EURC at any time, subject to idle buffer availability.

Integrations live at launch

• Tokemak

• Aave

• Fluid

Coming soon

• Pendle

• Euler

• Morpho

Why Euro yield matters

The euro is the world’s second-most traded currency, yet DeFi infrastructure has historically been USD-first. As adoption of EUR stablecoins accelerates, access to native yield becomes essential. This is true for individuals as well as protocols and treasuries that want exposure outside of the dollar. yoEUR makes euro yield simple, liquid, and risk aware.

Get started

🔗 Deposit EURC today and start earning with yoEUR on app.yo.xyz.

Why YO Protocol Matters

YO isn't just another yield vault. We're building the yield abstraction layer: a unified infrastructure that connects your capital to the best opportunities across all of DeFi. Our algorithm continuously reallocates assets across 100+ yield opportunities spanning major chains and protocols like Aave, Morpho, Curve, and Euler.

While other vaults lock you into a single chain, YO's multichain routing and risk-adjusted optimization means your capital is always working harder. YO integrates Exponential's risk framework to evaluate every asset and protocol, going beyond finding the max APY to deliver yield that is both safe and sustainable.

Building Something Different

Most creator programs in DeFi feel transactional: Post, get paid, move on. But the best creators want more than that - they want to build with protocols they actually believe in, grow alongside communities they care about, and create content that genuinely helps people.

That's what the YOligarchy is about.

We're looking for creators who want to dig deeper than surface-level promotion. People who see the potential in what we're building and want to help others understand it too.

Enter the YOligarchy

The YOligarchy is our pilot ambassador program for creators who want to grow with YO Protocol.

This is your chance to get in early with a team that's solving real problems in yield farming.

We're looking for creators who:

• Want to explain complex DeFi concepts clearly and help users navigate yield strategies

• See the value in multichain optimization and risk-adjusted returns

• Create content that educates rather than just promotes

• Want to build genuine relationships with their audiences around DeFi

This is perfect for those who:

• Love diving deep into protocol mechanics and sharing insights

• Want to grow their following alongside a growing protocol

• Are excited about being early advocates for innovative DeFi infrastructure

How It Works

Every week, we're rewarding our top contributors with $1,000 total:

• 1st Place: $500

• 2nd Place: $300

• 3rd Place: $200

We'll evaluate contributions via a “Creator Score” based on:

1. X Content Quality: Educational threads, insightful analysis, engaging content that helps users understand YO

2. Community Impact: Referrals that bring real users and capital to our vaults

To participate, fill out our ambassador form to track your contributions and referral metrics. This helps us recognise outstanding work and reward the creators making the biggest impact.

Each week, winners will be announced on our X (previously Twitter) page and receive their rewards on their linked wallet.

Getting Started

The program launches tomorrow. Here's how to join:

1. Fill out the ambassador form to get started

2. Create content that explains YO's value and helps users understand yield optimization

   -Follow @yield and @yield_intern on X

   -Content needs to tag/mention @yield

   -If you stop following the accounts, the content won’t be taken into account

3. Share your referral link to bring users into YO

4. Be part of our community for the long term :)

This is a pilot program, so we'll be iterating and improving based on feedback. We want this to work for both YO Protocol and the creators who choose to build with us.

Ready to join the YOligarchy? Let's build something meaningful together.

This integration combines YO’s mission to make capital productive with Morpho’s efficient peer-to-peer design for lending and borrowing. The result is deeper liquidity, sharper rates, and a new playground for strategies.

https://x.com/yield/status/1958891920379240880

The first markets available are yoUSD/USDC and yoETH/WETH, powered by @ClearstarLabs’ high-yield vaults. Both offer up to 91.5% LTV, which opens the door to higher yield through leverage, with YO Points added as a bonus.

Farming points via looping

YO Points reward active participation in the YOverse. On Morpho, users can deposit into yoUSD or yoETH markets and stack Points on top of yield. Because these markets support high loan-to-value ratios (up to 91.5%), you can loop your position to increase effective exposure and with it, your Points.

Looping simply means borrowing against your deposit and redepositing the borrowed funds back into the market to increase your position size.

Currently, this is done manually, but it is straightforward.

Here’s how you can scale your position up to ~11x leverage in Morpho’s yoUSD or yoETH markets.

Using yoUSD as an example:

1. Get yoUSD from YO

Go to app.yo.xyz and deposit USDC to mint yoUSD.

2. Deposit yoUSD into Morpho

Head to Morpho, choose the yoUSD market, and deposit your yoUSD.

3. Borrow USDC

Borrow USDC against your yoUSD deposit, up to the safe range under the 91.5% LTV cap.

4. Redeploy the borrowed funds

Take the borrowed USDC and return to app.yo.xyz to mint more yoUSD. Next, deposit this new yoUSD back into Morpho.

5. Repeat the loop

1. Borrow USDC again against the redeployed collateral.

2. Mint yoUSD, deposit it back into Morpho.

3. Each loop increases your exposure to yield and YO Points.

⚠️ Keep in mind this figure represents a theoretical maximum.

Many users may prefer fewer loops to maintain a healthier buffer below the liquidation threshold.

Make sure to keep an eye on your "Health" displayed within the your Morpho Dashboard.

Why leverage matters for YO Points

Each additional loop does not just increase yield exposure, it also multiplies the base used to calculate YO Points.

By compounding deposits through looping, you farm significantly more Points than you would with a single deposit. This is why leverage in Morpho markets can be one of the most powerful ways to climb the YO leaderboard while growing your yield.

But with such amplification comes certain risks.

Risks

• Liquidation risk: Although LTV can reach 91.5%, looping that aggressively leaves less room for volatility. Stopping short of the cap is often wise.

• Borrow costs: Even though yields and Points stack, borrowing always carries a cost. Users should ensure that the additional yield and rewards outweigh the expense of leverage.

• Market conditions: Extreme swings in USDC, WETH, or underlying vault yields can change the dynamics quickly. Regular monitoring is recommended when running high leverage.

• Smart Contract risk: Both Morpho and YO vaults rely on smart contracts. Audits reduce but do not eliminate this risk.

• Gas costs: Multiple manual loops require multiple transactions. For smaller deposits, gas costs can eat into yield.

Encore

For active farmers, these Morpho markets unlock some of the highest yield opportunities available today, with the added bonus of scaling your YO Points. Base APYs become even more rewarding as leverage amplifies returns, and looping allows you to capture a larger share of the yield potential across Base.

The combination of Morpho’s efficiency and YO’s optimization makes these markets a powerful way to grow both yield and rewards.

🔗 You can find our Morpho markets here.

https://app.morpho.org/base/borrow?search=yo

• yoUSD-USDC

• yoETH-ETH

• yoBTC-cbBTC

These new vaults allow YO users to earn additional passive yield by supplying their assets into Fluid’s capital-efficient lending infrastructure. You maintain exposure to your favorite yield-optimized tokens while also earning 4x YO Points.

What is Smart Lending?

Smart Lending is a next-generation DeFi primitive that lets users:

• Lend underlying assets to borrowers and earn interest

• Provide capital to range-based AMMs that is automated by Fluid

• Accumulate protocol incentives and rewards

This structure allows YO users to earn passively across multiple yield layers with a single deposit.

What this means for YO users

With these new vaults, you can now deposit yoUSD, yoETH, or yoBTC alongside their respective base pairs (USDC, WETH, cbBTC) into Fluid’s Smart Lending pools.

When you deposit, you earn:

✅ Liquidity APR from borrower interest of the base pair asset (USDC, ETH)

✅ Trading APR from swap fees (e.g. trades between yoUSD and USDC)

✅ 4x YO Points on the full dollar amount of your position

How to get started

1. Visit the Smart Lending dashboard on Fluid

2. Choose your preferred vault: yoUSD-USDC, yoETH-ETH, or yoBTC-cbBTC

3. Deposit your assets and start earning

4. Start earning yield and 4x YO Points

Links

Fluid

• yoUSD-USDC Smart Lending

• yoETH-ETH Smart Lending

• yoBTC-cbBTC Smart Lending

Binance users can now tap into smarter DeFi yield across ETH, BTC, and USD vaults—all without leaving the app.

Here’s how to get started:

Step 1: Install and open the Binance Wallet

If you haven’t already, download the Binance App on your mobile device and complete the wallet setup.

Step 2: Access and connect to the YO dApp in the Binance Wallet

1. In the navigation bar at the bottom of the Binance App, tap on the Assets section in the bottom right**.**

2. On the Assets page, click on the “Wallet” tab at the top.

3. Use the search bar or look for YO and tap to launch the dApp.

4. Once inside the YO dApp, your Binance wallet will be automatically connected.

Step 3: Deposit into a YO vault to earn real yield

Inside the YO dApp, you’ll find a list of vaults by asset type (ETH, BTC, USD).

1. Choose a vault based on the asset you want to earn yield on. For example, you can select yoETH to earn on ETH, yoBTC to earn on BTC, or yoUSD for USD yield.

2. Tap on the vault by clicking “Start Earning”.

3. Select “Deposit” and enter the amount you’d like to invest.

4. Approve the transaction in your Binance wallet to complete the deposit.

5. Once deposited, you’ll start earning yield automatically, no active management or farming required.

Step 4: Track your performance and ranking on YO Points leaderboard

Once deposited, you can:

• View your position and points balance anytime directly within the dApp.

• Track your P&L, vault breakdown, and other key metrics.

About YO

YO is a cross-chain yield optimizer that helps users earn smarter DeFi returns across BTC, ETH, and USD. By integrating with leading protocols like Morpho, Reserve, Pendle and Aerodrome, YO offers best-in-class yield strategies with a focus on risk-adjusted returns. YO is designed for long-term investors who want to earn more with less complexity, fewer fees, and better safety.

Important Links

Website: yo.xyz

Telegram: t.me/yo_protocol

Discord: discord.gg/yoprotocol

X: x.com/yield

Blog: blog.yo.xyz

About Binance Wallet

Binance Wallet is a self-custody crypto wallet within the Binance app, designed to empower users in the realm of decentralized finance (DeFi). Serving as a digital gateway to blockchain-based applications (dApps), it offers users a secure and streamlined method to manage their cryptocurrencies, execute token swaps across multiple chains, earn yields, and interact with a variety of blockchain platforms.

Download the Binance app and get started.

YO is proud to join the Binance ecosystem to bring smarter DeFi yield to even more users.

Ready to earn more from your crypto? Access YO on Binance today.

YO is now live on Euler markets with yoUSD, yoETH and yoBTC, unlocking new ways to amplify your yield. Our integration introduces the following markets:

• Alterscope yoETH/WETH

• Frontier yoBTC/cbBTC

• Frontier yoUSD/USDC

These markets open up two distinct strategies. You can lend your assets to earn interest and 5x YO Points, or use leverage to loop yoTokens and boost your yield and points.

This guide breaks down how each strategy works and the risks to keep in mind.

For Lenders: Earn yield + 5x points by supplying to Euler markets

If you’re holding idle ETH, cbBTC, or USDC, you can now lend to YO’s Euler markets to earn interest from borrowers looping yoTokens.

• Supply WETH

• Supply cbBTC

• Supply USDC

Let’s use the yoETH Market as an example. Once connected to Euler, you can supply WETH and begin earning a variable APY. The rate you earn depends on how much borrowing activity is happening in the market.

Key market parameters:

• Max LTV (Loan-to-Value) 90%: Borrowers can take loans up to 90% of their collateral value.

• LLTV (Liquidation Loan-to-Value) 91%: Loans become eligible for liquidation once they reach 91% of the collateral value.

• Interest Rate Model (IRM): Automatically adjusts based on utilization to maintain a target utilization rate of 85%. When utilization is high, borrow rates rise to incentivize more supply. When low, rates fall to encourage borrowing. For example. at 85% utilization, the supply APY is 1.53%.

As more users borrow ETH to loop into yoETH, utilization increases, driving up both the borrow rate and the APY for lenders. This creates a dynamic flywheel where active borrowers fuel passive lender returns.

Lastly, lenders also earn a 5x YO Points multiplier on their deposits, making it one of the most efficient ways to stack points while earning base yield.

For Loopers: Leveraging yoTokens for Higher Yield

On the flip side, Frontier markets let you use your yoTokens as collateral to borrow the base asset and buy more yoTokens, thus creating leveraged positions that amplified your exposure and yield.

Instead of manually borrowing WETH, swapping it for more yoETH, and repeating the process, you can use Euler’s Multiply feature to simply set your desired leverage multiplier. Euler will automatically handle the looping for you in a single transaction.

Example: Let’s say you want 3x exposure to yoETH

You:

1. Navigate to the Multiply tab in the yoETH/WETH Alterscope market

2. Specify your desired leverage (e.g. 3x)

3. Confirm the transaction

4. Start earning 3x the net yield on yoETH (yoETH APY - Borrow APY)

Euler automatically:

1. Borrows WETH based on your chosen LTV

2. Swaps it for more yoETH

3. Supplies the new yoETH as collateral

4. Repeats the loop until your target leverage is reached

Managing risk when looping

While looping can boost your yield, it also compounds risk. The borrow rate is variable and will change depending on market conditions. Higher utilization leads to higher borrow costs, which can erode your yield or even push your position toward liquidation if unchecked.

Key formula to remember:

Effective Leverage = 1 / (1 - LTV)

At 80% LTV, your exposure is 5x.

Even modest price moves can become amplified at that scale.

As a rule of thumb, most users should leave a healthy buffer to account for fluctuations in borrow rates and liquidity. You can review your position’s health in Euler directly under “Portfolio”.

Conclusion

YO’s integration with Euler Frontier gives users powerful new tools to optimize their DeFi yield strategies. Whether you’re lending for passive income and points or looping into leveraged yoToken positions, these new markets offer flexibility for both passive and advanced DeFi users.

Just remember: with great power, comes great responsibility. Stay sharp, monitor your borrow rates, and manage your position proactively.

May the Yield be with you.

Links

• Lend WETH to yoETH Alterscope Market

• Lend cbBTC to yoBTC Frontier Market

• Lend USDC to yoUSD Frontier Market

• Loop yoETH on the yoETH/WETH Alterscope Market

• Loop yoBTC on the yoBTC/cbBTC Frontier Market

• Loop yoUSD on the yoUSD/USDC Frontier Market

Coin98 users can now tap into smarter DeFi yield across ETH, BTC, and USD vaults—all without leaving the app.

Here’s how to get started:

Step 1: Install and open the Coin98 Super Wallet

If you haven’t already, download the app on your mobile device and complete the wallet setup.

Step 2: Access the YO dApp in the Coin98 dApp Browser

1. In the navigation bar at the bottom, tap on the Discovery section, represented as a Planet icon on the bottom right.

2. On the dApps page, click on the “Yield” section.

3. Use the search bar or look for YO and tap to launch the dApp.

Step 3: Connect your Coin98 Wallet to YO dApp

1. Once inside the YO dApp, your Coin98 wallet will request you to connect to YO.

2. Tap on “Connect”.

Step 4: Deposit into a YO vault to earn real yield

Inside the YO dApp, you’ll find a list of vaults by asset type (ETH, BTC, USD).

1. Choose a vault based on the asset you want to earn yield on. For example, you can select yoETH to earn on ETH, yoBTC to earn on BTC, or yoUSD for USD yield.

2. Tap on the vault by clicking “Start Earning”.

3. Select “Deposit” and enter the amount you’d like to invest.

4. Approve the transaction in your Coin98 wallet to complete the deposit.

5. Once deposited, you’ll start earning yield automatically, no active management or farming required.

Step 5: Track your performance and ranking on YO Points leaderboard

Once deposited, you can:

• View your position and points balance anytime directly within the dApp.

• Track your P&L, vault breakdown, and other key metrics.

About YO

YO is a cross-chain yield optimizer that helps users earn smarter DeFi returns across BTC, ETH, and USD. By integrating with leading protocols like Morpho, Reserve, Pendle and Aerodrome, YO offers best-in-class yield strategies with a focus on risk-adjusted returns. YO is designed for long-term investors who want to earn more with less complexity, fewer fees, and better safety.

Important Links

Website: yo.xyz

Telegram: t.me/yo_protocol

Discord: discord.gg/yoprotocol

X: x.com/yield

Blog: blog.yo.xyz

About Coin98 Super Wallet

Coin98 is an open, decentralized, and secure DeFi & AI wallet that provides the essential tools, and infrastructure for everyone to enter and participate in any opportunities on the Open Internet, so they can build and shape their own future.

Download | X (Twitter) | Discord | Telegram | Docs | Website | Youtube

YO is proud to join the Coin98 ecosystem to bring smarter DeFi yield to even more users.

Ready to earn more from your crypto? Access YO on Coin98 today.

SafePal users can now access YO directly from the SafePal App to start earning real, risk-adjusted yield on their crypto. Whether you’re investing in ETH, BTC, or USD strategies, YO makes it easy to earn smarter DeFi yield—all from your mobile wallet.

🎉 As a launch bonus, all SafePal users will receive a boost to their YO Points when depositing through the SafePal App. Check SafePal for the latest multiplier.

Here’s how to get started:

Step 1: Install and open the SafePal App

If you haven’t already, download the SafePal App on your mobile device and complete the wallet setup.

Step 2: Access the YO dApp in the SafePal App

1. In the navigation bar at the bottom of the SafePal App, tap on “Explore”.

2. On the Explore page, scroll down and click on the “On-chain Yield” section.

Use the search bar or look for YO and tap to launch the dApp.

Step 3: Connect your SafePal Wallet to YO dApp

1. Once inside the YO dApp, your SafePal wallet should already be automatically connected.

2. If not connected, tap on “Connect Wallet”.

3. Find the SafePal wallet and tap to connect.

Step 4: Deposit into a YO vault to earn real yield

Inside the YO dApp, you’ll find a list of vaults by asset type (ETH, BTC, USD).

1. Choose a vault based on the asset you want to earn yield on. For example, you can select yoETH to earn on ETH, yoBTC to earn on BTC, or yoUSD for USD yield.

2. Tap on the vault by clicking “Start Earning”.

3. Select “Deposit” and enter the amount you’d like to invest.

4. Approve the transaction in your SafePal wallet to complete the deposit.

5. Once deposited, you’ll start earning yield automatically, no active management required.

Step 5: Track your performance and ranking on YO Points leaderboard

Once deposited, you can:

• View your position and points balance anytime directly within the dApp.

• Track your P&L, vault breakdown, and other key metrics.

About YO

YO is a cross-chain yield optimizer that helps users earn smarter DeFi returns across BTC, ETH, and USD. By integrating with leading protocols like Morpho, Reserve, Pendle and Aerodrome, YO offers best-in-class yield strategies with a focus on risk-adjusted returns. YO is designed for long-term investors who want to earn more with less complexity, fewer fees, and better safety.

Important Links

Website: yo.xyz

Telegram: t.me/yo_protocol

Discord: discord.gg/yoprotocol

X: x.com/yield

Blog: blog.yo.xyz

About SafePal

Founded in 2018, SafePal is a next generation non-custodial crypto wallet suite backed by Animoca Brands, Binance and Superscrypt. The suite empowers access to decentralized and centralized finance on 200+ blockchains across its hardware, software, and browser extension wallet solutions.

Encompassing a diverse mix of crypto asset management solutions like cross-chain swapping, trading and yielding tools, centralized exchange (CEX) mini programs, a banking gateway and Mastercard for users — SafePal serves over 20 million users globally across 200+ regions and countries in 16 languages.

SFP is a decentralized BEP-20 and ERC-20 token fuelling the SafePal ecosystem with various utilities such as discounts on SafePal products, staking boost and airdrop rewards, seamless conversion to gas tokens, and more.

Stay informed about SafePal here

YO is proud to join the SafePal ecosystem to bring smarter DeFi yield to even more users.

Ready to earn more from your crypto? Access YO on SafePal today.

Whether you’re holding yoETH, yoUSD, or yoBTC, you can now use your assets to earn more yield, access new markets, and boost your points.

Let’s break it down.

Reminder: What are yoTokens?

yoTokens (like yoETH, yoUSD, and yoBTC) are ERC-4626 tokens you receive when you deposit into YO. They represent your share of the vault and grow in value as YO generates yield across chains and strategies.

But yoTokens aren’t just meant for HODLing. Because they follow a standardized token format, they can also be used across DeFi protocols.

We’re now activating the next growth lever for YO: turning yoTokens into productive capital across DeFi.

Provide liquidity for yoTokens on Balancer

You can now provide liquidity with yoTokens on Balancer. These pools are ideal for:

• Earning yield with no impermanent loss

• Farming boosted points

• Supporting deep liquidity for yoTokens

Supported Balancer pools on Base:

• yoETH Balancer Boosted Pool

  • Symbol: yoETH-boosted-BPT

  • Assets: yoETH and Aave WETH

  • Points multiplier: 4x

• yoUSD Balancer Boosted Pool

  • Symbol: yoUSD-boosted-BPT

  • Assets: yoUSD and Aave USDC

  • Points multiplier: 4x

• yoBTC Balancer Stable Pool

  • Symbol: yoBTC-stable-BPT

  • Assets yoBTC and cbBTC

  • Points multiplier: 4x

Trade yield on Pendle

Pendle has added support for yoETH on Base as the first yield-bearing token from YO.

This opens up three powerful yield strategies:

1. Provide liquidity in the LP-yoETH (Sep-24-2025)

   -Earn trading fees and Pendle incentives with no impermanent loss if you hold until maturity

   -Earn 4x points multiplier

2. Buy PT-yoETH (Sep-24-2025)

   -Lock in a fixed yield until maturity

   -Great for users who want guaranteed, passive returns

   -PT holders receive no points but lock in a fixed yield until maturity

3. Buy YT-yoETH (Sep-24-2025)

   -Get upside exposure in variable yield + YO Points

   -Ideal for degens who want to bet on higher future returns

   -Earn 5x points multiplier

Loop it or lend it on Euler

See our dedicated guide to Euler below:

https://mirror.xyz/0xd661D95EE818895D6D47E272444164F590641BA1/oNqzp-NosefROyjHf_gZ19St-EVyoJiRX21nzKGgDnA

Smart Lending on Fluid

See our dedicated guide to Fluid below:

https://mirror.xyz/0xd661D95EE818895D6D47E272444164F590641BA1/qByVb45vIb_B_U-lqHBht4qXYOHIm53n3laGAoyKr2E

How do DeFi activity points work?

YO Points are our way of rewarding onchain activity. Right now, every user earns a base multiplier that is currently set at 3x (and will decrease as TVL increases). When you participate in DeFi activities using yoTokens, you earn a separate DeFi activities multiplier that does NOT compound with your base multiplier.

Example:

Let’s say I deposited $10K directly into yoUSD + $10K in yoBTC Balance Stable Pool + $10K in Pendle LP-yoETH + $5K in Pendle YT-yoETH.

My daily points allocation is 135K:

• 30K points per day for YO deposits ($10K in yoUSD * 3x multiplier = 30K points)

• 105K points per day for DeFi activities ($10K yoBTC Balancer LP * 4x multiplier + $10K Pendle LP-yoETH 4x multiplier + $5K Pendle YT-yoETH * 5x multiplier = 40K + 40K + 25K = 105K points)

In short: there are now more ways to stack points with your yoTokens. And because yoTokens are composable, you keep earning yield and YO Points no matter where your yoToken goes.

What’s next?

These are the first wave of DeFi integrations for YO vault tokens. Stay tuned for more integrations in the coming weeks.

Note: Revisit this blog post every time for the latest updates on new integrations.

Start earning more with your yoTokens

Head to app.yo.xyz and explore DeFi opportunities today.

This is yield unleashed.

FAQ

General DeFi Activities

1. What can I do with yoTokens outside of the YO app?

   You can use yoTokens in supported DeFi protocols to earn additional rewards, like trading fees, incentives, and more YO Points. Current integrations include Balancer and Pendle, with more coming soon.

2. Do I continue to earn YO yield and points while using my yoTokens in other protocols?

   Yes. Your yoTokens continue to earn vault yield and YO Points even when used in DeFi integrations. Points are tracked separately from YO deposits in ‘DeFi activities’.

3. How are points tracked across various DeFi protocols?

   YO tracks the location and usage of yoTokens onchain. As long as your yoTokens are in supported pools or contracts, your activity is eligible for DeFi points.

4. When will my DeFi activity be reflected in my points balance?

   Points from DeFi activity are updated daily. If you recently deposited into a supported integration, you’ll see the change reflected in the next points update.

5. Will the multipliers change over time?

   DeFi activity multipliers are fixed per integration.

   The base multiplier for YO Deposits will continue to decrease over time as TVL increases.

6. Do I need to manually claim rewards from these integrations?

   You may need to claim rewards such as trading fees or protocol incentives directly from the integrated protocol (e.g., Balancer or Pendle). YO Points are automatically tracked by YO.

About Balancer

1. What is Balancer?

   Balancer is a decentralized exchange and automated market maker (AMM) that lets users provide liquidity and earn trading fees and incentives. It supports custom pool types like Boosted and Stable pools.

2. How does providing liquidity on Balancer work?

   You deposit two assets into a pool and receive a pool token (BPT) that represents your share. You earn fees from swaps and any protocol incentives distributed to liquidity providers (LPs).

3. What are Boosted Pools and Stable Pools?

   Boosted Pools pair yield-generating tokens (like Aave tokens) with other assets to maximize returns. Stable Pools are designed for assets that are expected to trade at similar prices, like yoBTC and cbBTC.

4. What risks should I consider when LPing with yoTokens on Balancer?

   Risks include smart contract risk, pool imbalance, and temporary loss of liquidity. However, the design of these pools minimizes impermanent loss since they pair correlated assets together.

5. How do I earn trading fees and incentives on Balancer?

   You earn fees from swaps that happen in the pool. Some pools may also distribute additional token incentives. These are claimable directly from Balancer.

6. How is the yield calculated for Balancer LPs?

   Balancer LPs earn yield from three main sources:

   • Swap fees: Every time a trade occurs in the pool, LPs earn a portion of the fee.

   • Staking incentives: Some pools offer additional token rewards, often from BAL governance tokens or partner protocols.

   • Yield-bearing tokens: If the pool contains assets like yoTokens or interest-bearing tokens, those yields automatically accrue to LPs based on their share of the pool.

   The total yield is the combination of these sources and is shown as the pool’s APR.

7. How do YO Points work for Balancer LPs?

   YO tracks your BPT position and assigns a 4x DeFi activity multiplier on the value of yoTokens you’ve deposited into the pool.

   For example:

   If you deposit $5,000 worth of yoUSD into the yoUSD Balancer Boosted Pool, you’ll earn 20,000 YO Points per day from that position ($5,000 * 4x = 15,000 points).

   This is separate from the base multiplier you earn from deposits made directly into YO.

About Pendle

1. What is Pendle?

   ​​Pendle is a yield trading protocol that lets you split yield-bearing assets into fixed and variable components. This enables users to lock in fixed returns, speculate on future yield, or provide liquidity for yield markets.

2. What are Principal Tokens (PTs)?

   PTs represent the principal portion of a yield-bearing asset, redeemable at a fixed value (typically 1:1 for the underlying asset) upon maturity. When you deposit a yield-bearing token into Pendle, it’s wrapped into a standardized SY token, which is then split into PT and YT.

   PTs behave like zero-coupon bonds in traditional finance: they start at a discount and gradually appreciate to their full redemption value as maturity approaches. This creates a predictable fixed yield if you hold until maturity.

3. What are Yield Tokens (YTs)?

   YTs represent the future yield from a yield-bearing asset. When you buy YTs, you are speculating on how much variable yield the asset will generate until maturity. The value of YTs trends toward zero as they approach maturity because they represent a stream of yield that ends at that point.

   You profit if the total yield generated ends up being higher than the price you paid for the YT. The market prices YTs based on its expectations of future yield, so buying YT is essentially taking a long position on future yield.

   Yield earned from YTs can be claimed through the Pendle dashboard at any time.

4. What is an LP position on Pendle?

   An LP position on Pendle means depositing a pair of tokens into a Pendle liquidity pool. These pools always consist of Principal Tokens (PT) and standardized yield-bearing tokens (SY). The pool enables users to trade between fixed and variable yield exposures by allowing direct swaps between PT and SY, while Yield Token (YT) swaps are supported through a flash swap mechanism using the same pool.

   When you provide liquidity, you earn yield from multiple sources. These include the fixed yield embedded in PTs, the underlying yield from SY, swap fees from both PT and YT trades, and any additional incentives like PENDLE rewards. If you hold your LP tokens until maturity, there is no impermanent loss because PTs are redeemed 1:1 for SY at maturity.

5. Are there risks with using Pendle’s yield products?

   Yes. Risks include slippage, pricing volatility (based on market demand for PTs or YTs), and smart contract risk. However, holding to maturity can reduce many of these risks.

6. How do YO Points work for Pendle LPs and YT buyers?

   YO tracks your Pendle LP and YT positions and applies a 4x and 5x DeFi activity multiplier to the value of yoTokens in those positions, respectively.

   For example:

   If you deposit $10K of yoETH into a Pendle LP, you’ll earn 40K points per day from DeFi activity ($10K * 4x multiplier).

   If you buy $10K of YT-yoETH, you’ll earn 50K points per day ($10K * 5x multiplier).

7. Why don’t PT holders earn points?

   Pendle splits a yield-bearing asset into PT and YT. All future yield and reward rights (including YO Points) are assigned to the YT. This is by design. PTs only represent the principal and accrue to a fixed redemption value at maturity, while YTs carry all the upside from variable yield and points. Holding a PT is effectively opting out of yield exposure in exchange for a discounted, fixed return.

8. How do YTs provide amplified exposure to yield?

   YTs let you gain amplified exposure to the yield. Because PTs are usually worth more than YTs, a small purchase of YTs can give you access to the full yield from a much larger amount of the underlying asset. For example, 1 ETH worth of YT-yoETH might give you the same exposure to yield and YO Points as holding 20 ETH worth of yoETH. This makes YTs a powerful tool for users who want to bet on future yield or maximize points with smaller capital.

Bring your frens along for the journey so you both earn more.

Here’s how it works

Every YO user has a unique referral link. You can find it on app.yo.xyz. Share it with friends, coworkers, family—or post it on X.

Whenever someone uses your invite link and deposits into a YO vault, they’ll start earning YO Points plus a 10% bonus. And here’s the best part:

You’ll also earn 10% of the points they earn.

For example:

You refer Joe using your invite link.

Joe deposits and starts earning 500K YO Points per day.

→ You get 50K Referral Points per day (10% of Joe’s earnings)

→ Joe also gets a 10% boost, earning an additional 50K YO Points per day

Everyone wins.

Already using YO?

No problem. You can add the wallet address of the person that referred you within the dApp.

Just note: once a wallet address is applied, it can’t be changed.

Getting started is easy:

• Visit app.yo.xyz

• Copy your referral link

• Share it

• Track your points and referrals in real time via the dashboard

Bring your friends. Earn together. That’s the YO way.

Because farming points is better with frens. ❤️

Starting today, YO users can begin earning points as they deposit and participate across the YO ecosystem. It’s the first step in aligning our most active users with the long-term growth of the protocol.

What are YO Points?

YO Points are our native reward system, earned on top of the real yield you’re already receiving through YO vaults.

They’re designed to reward the users who contribute the most to YO’s success, whether that is simply holding yoTokens, referring friends to join YO, or using your yoTokens across DeFi (more below).

How to earn YO Points?

Just like our core product, we made earning YO Points super easy to understand.

1. Daily Drop + Multiplier

   1 point per $1 deposited into any YO vault, every day.

   Simple as that. No claiming, no complicated formulas.

   Points drop once daily and are automatically tracked in-app.

   View your total with the live counter on app.yo.xyz

   To reward early users, we’re launching with a boosted multiplier that decreases over time. The earlier you deposit, the more points you’ll stack.

   We’ll also introduce additional multipliers through future partnerships and onchain activity, giving you more ways to boost your yield + points.

2. Referrals

   You’ll soon be able to earn points by referring others to YO.

   Every time a friend deposits using your referral code, you’ll earn more, and they will too. It’s our way of rewarding community growth.

3. DeFi activities (coming soon)

   DeFi is fundamentally about composability, and we believe composability should be rewarded.

   Soon, you’ll be able to boost your points by using your yoTokens across DeFi.

   Here’s a glimpse at what’s coming:

   -LPing with yoETH, yoBTC and yoUSD on Balancer and other DEXs

   -Depositing into Pendle yield markets with your yoTokens

   -Using yoTokens as collateral or lending them across DeFi

   These use cases aren’t live yet, but the infrastructure is coming, and the rewards will reflect how you use your assets onchain.

Why we built YO Points

The DeFi points meta is everywhere, but it’s often chaotic, unsustainable, and full of games.

We built YO Points differently:

✅ You don’t need to choose between yield and points

✅ You don’t need to rotate between farms or game the system with new wallets

✅ You earn simply by participating, and the upside scales with your contribution

This is yield with long-term upside.

What’s next?

This is just the beginning of our points program. We'll be rolling out additional ways to earn points in the coming days and weeks. Stay tuned for exciting new points announcements with new partnership launches, liquidity pools and much more.

For additional updates, be sure to subscribe to our blog and follow us on X.

Start earning: app.yo.xyz ✌️🪀

Important Links

Website: yo.xyz

X: x.com/yield

Telegram: t.me/yo_protocol

Discord: discord.gg/yoprotocol

Docs: docs.yo.xyz

And in some ways, it delivered.

Today, DeFi is a sprawling, multichain ecosystem with thousands of protocols, billions in liquidity, and a growing user base. DeFi yield is much more attractive than in TradFi.

However, for most users, participating in DeFi still feels like a chore. You have to juggle multiple wallets, bridges, swaps, and dozens of apps just to earn yield on assets you already hold. You chase flashy APYs without understanding the risk. You navigate Discord threads and Telegram groups hoping to catch the next opportunity before it disappears.

What started with the expectation of  “passive income” now feels like a full-time job. The result is that the value created by DeFi is only accessible by a select group of technical users.

Why DeFi yield feels broken

Yield is DeFi’s strongest product-market fit. It’s the entry point for most users, the value prop behind new protocols, and the foundation for everything from lending markets to decentralized exchanges.

But yield today is hard to trust—and even harder to access. APYs are inflated by unsustainable emissions. Risks are buried in protocol whitepapers or not disclosed at all. And access requires navigating complex interfaces and bridging across chains.

Billions of dollars sit idle, not because there’s no yield, but because there’s too much noise.

Enter YO.

A new era for yield

YO stands for Yield Optimizer. YO is a unified layer that connects capital to the best risk-adjusted yield across DeFi. It’s the last vault you’ll ever need.

YO offers simple, non-custodial vaults: yoETH, yoBTC, yoUSD, and yoSOL. Each one is a curated, risk-adjusted, continuously optimized set of the best yield strategies. You deposit one asset and YO does the rest.

Behind the scenes, these vaults are powered by:

• Cross-chain routing: YO deploys capital across chains to wherever the best opportunities are on Base, Ethereum, Solana, and beyond.

• Intelligent strategy selection: Lending, staking, LPing, points farming, YO taps into all major yield primitives across protocols like Morpho, Pendle, Reserve, Aerodrome, and more.

• Automated rebalancing: Capital is continuously reallocated based on market conditions, risk scores, and real-time performance.

• Institutional-grade risk scoring: YO integrates Exponential’s standardized risk framework to evaluate every asset, pool, and protocol.

This is the backend DeFi should’ve had from day one.

What we’re fixing

1. Fragmentation

   DeFi yield is scattered across hundreds of pools, dozens of protocols, and multiple chains. YO unifies this into a single vault per asset. No more bridging, swapping, or rebalancing.

2. Complexity

   DeFi UX is still built for power users. YO turns multi-step workflows into a one-click experience. Simply deposit and earn. No more lurking in Discord channels, no more spreadsheets to keep track of all your positions.

3. Opacity

   Most DeFi vaults still operate as black boxes. YO makes risk visible, measurable, and actionable through transparent risk scoring on every strategy.

The vision

We’re not here to build just another vault. We’re here to build the yield layer, a unified infrastructure that connects capital to the best opportunities in DeFi, based on risk, liquidity, and capital efficiency.

In the future, we imagine YO powering:

• Embedded yield inside wallets, apps, and exchanges

• A unified liquidity layer for the next wave of onchain users

We’re building the thing we wish existed. For ourselves. For institutions. For the next billion.

Ready to YO? Join us in building the next era of yield.

→ Follow @yield on X

→ Join Telegram

→ Read the whitepaper

→ Check out our docs

→ Featured on The Block