yoVaultBTC (Base)
yoBTC is a yield index that optimizes for BTC yield strategies across multiple chains.
Ready to earn 15% yield or more with Exponential?
Invest- Base
- Asset Type: ERC-20
yoBTC is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of YO, a protocol rated as Average.
yoBTC has a fixed supply.
What is yoBTC?
yoBTC is a BTC yield index token that automatically earns yield from various DeFi sources, including staking, lending, liquidity provision, and market making. It aggregates BTC yield strategies into a single asset, allowing users to passively benefit from multiple yield streams without actively managing positions.
How does yoBTC work?
yoBTC pools cbBTC from users and allocates it across different DeFi protocols and BTC derivatives to maximize yield. The protocol dynamically adjusts allocations based on market conditions, balancing risk and return. Users who hold yoBTC automatically accumulate yield as its value appreciates over time, rather than receiving separate yield distributions.
How to redeem yoBTC?
yoBTC can be redeemed for cbBTC through the protocol’s redemption mechanism, which may involve withdrawing BTC 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liquidity and protocol constraints, redemptions may be instant or subject to a delay if assets need to be unstaked or withdrawn from lending/market-making positions.
