According to CoinDesk, the YO Protocol development team YO Labs completed a $10 million Series A funding round led by Foundation Capital, with participation from Coinbase Ventures and others. The protocol utilizes cross-chain automatic rebalancing to optimize returns for crypto assets based on comprehensive risk factors. The funds will be used to expand to more blockchains and strengthen infrastructure, positioning itself as an underlying revenue infrastructure targeted at FinTech, wallets, and developers.
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According to CoinDesk, the YO Protocol development team YO Labs completed a $10 million Series A funding round led by Foundation Capital, with participation from Coinbase Ventures and others. The protocol utilizes cross-chain automatic rebalancing to optimize returns for crypto assets based on comprehensive risk factors. The funds will be used to expand to more blockchains and strengthen infrastructure, positioning itself as an underlying revenue infrastructure targeted at FinTech, wallets, and developers.