This opportunity works well for investors who want long exposure to Bitcoin (BTC). Keep in mind, your returns are impacted by the price of BTC and this pool's yield.
Risks include YO's smart contract risk and the quality of the collateral backing yoBTC. The process for whitelisting new protocols and assets for yield generation are controlled by a team multisig.
Yield comes from several sources including interest from lending BTC to borrowers and trading fees charged for swapping BTC derivatives within the pool.