yoVaultUSD (Base)
yoUSD is a yield index that optimizes for USD yield strategies across multiple chains.
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- Asset Type: ERC-20
yoUSD is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of YO, a protocol rated as Average.
yoUSD does not have a supply schedule.
What is yoUSD?
yoUSD is a USD stablecoin yield index token that automatically earns yield from various DeFi sources, including staking, lending, liquidity provision, and market making. It aggregates USD stablecoin yield strategies into a single asset, allowing users to passively benefit from multiple yield streams without actively managing positions.
How does yoUSD work?
yoUSD pools USDC from users and allocates it across different DeFi protocols and yield-bearing stablecoins to maximize yield. The protocol dynamically adjusts allocations based on market conditions, balancing risk and return. Users who hold yoUSD automatically accumulate yield as its value appreciates over time, rather than receiving separate yield distributions.
How to redeem yoUSD?
yoUSD can be redeemed for USDC through the protocol’s redemption mechanism, which may involve withdrawing stablecoins from deployed yield strategies. Depending on liquidity and protocol constraints, redemptions may be instant or subject to a delay if assets need to be unstaked or withdrawn from lending/market-making positions.
