COINOTAG News reports, citing official sources, that the DeFi protocol YO Protocol, developed by YO Labs, has secured a $10 million Series A round led by Foundation Capital, with participation from Coinbase Ventures, Scribble Ventures, and Launchpad Capital.

Described as a unified rewards layer, YO Protocol enables crypto and fintech firms to access an optimized, risk-aware rewards program through a single integration.

The new capital is earmarked to accelerate product development, expand the partner ecosystem, and strengthen risk-management capabilities, signaling growing investor demand for integrated rewards solutions in the DeFi and fintech arenas.