YO Labs Secures $10M to Accelerate Cross-Chain Yield Protocol
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 funding round to expand its crypto yield optimization platform across more blockchains and strengthen its infrastructure, according to reports citing official sources.
The round was led by Foundation Capital, with participation from Coinbase Ventures, Scribble Ventures, and Launchpad Capital. PANews reported the raise brings YO Labs’ total funding to $24 million.
YO Protocol is positioned as a cross-chain yield optimization system designed to deliver risk-adjusted crypto yields across multiple networks. The protocol’s core function is to automate yield generation by rebalancing capital across DeFi, aiming to streamline how users and applications access yield opportunities spread across different chains and venues.
The funding arrives as yield products increasingly compete on two fronts: performance and risk controls. In DeFi, attractive yields can shift quickly as liquidity moves and incentives change, while operational risks can rise when capital is routed across multiple protocols and chains. Platforms like YO Protocol focus on packaging this complexity into a more unified experience, particularly as cross-chain activity becomes more common.
- Company: YO Labs
- Product: YO Protocol, a cross-chain yield optimization protocol
- Round: $10 million Series A
- Lead investor: Foundation Capital
- Participants: Coinbase Ventures, Scribble Ventures, Launchpad Capital
- Planned use of funds: Expand to more blockchains and improve infrastructure
