COINOTAG News, citing CoinDesk, reports that YO Labs has closed a $10 million Series A for its crypto yield optimization protocol, YO Protocol. The financing signals sustained investor appetite for scalable yield infrastructure and advances the project timeline and ecosystem development.

The financing was led by Foundation Capital, with participation from Coinbase Ventures, Scribble Ventures, and Launchpad Capital, lifting total funding to $24 million to date and positioning the venture for broader adoption across networks.

Proceeds are earmarked for multichain expansion and enhanced infrastructure, enabling the protocol to support additional blockchains and higher-yield strategies while maintaining risk controls and security standards.