yoETH (Base)
yoETH is a yield-optimized ETH index token that automatically earns returns from multiple DeFi sources, including staking, lending, liquidity provision, and market making. It allows users to passively grow their ETH holdings without actively managing yield strategies.
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- Asset Type: ERC-20
yoETH is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of YO smart contracts and the Base bridge. YO optimizes yield strategies across Tokemak, Aerodrome Slipstream, and Morpho Blue, which are protocols rated as Good, Good, and Best, respectively.
yoETH has an uncapped supply but has inflation control or burn mechanisms in place. yoETH is backed 1:1 and redeemable for ETH. The value of yoETH increases over time as it generates yield by deploying ETH across various protocols.
What is yoETH?
yoETH is an ETH yield index token that automatically earns yield from various DeFi sources, including staking, lending, liquidity provision, and market making. It aggregates ETH yield strategies into a single asset, allowing users to passively benefit from multiple yield streams without actively managing positions.
How does yoETH work?
yoETH pools ETH from users and allocates it across different DeFi protocols to maximize yield. The protocol dynamically adjusts allocations based on market conditions, balancing risk and return. Users who hold yoETH automatically accumulate yield as its value appreciates over time, rather than receiving separate yield distributions.
How to redeem yoETH?
yoETH can be redeemed for ETH through the protocol’s redemption mechanism, which may involve withdrawing ETH 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liquidity and protocol constraints, redemptions may be instant or subject to a delay if assets need to be unstaked or withdrawn from lending/market-making positions.
