What it means
A protocol that moves deposits between markets automatically to follow the best available rate.
It saves you checking rates yourself, and adds its own smart contract risk on top of the markets it uses.
How it works
YO is a yield aggregator.
Related terms
| Term | What it means |
|---|---|
| Vault | A smart contract that takes deposits and spreads them across lending markets by a set strategy. |
| YO | A protocol whose vaults move deposits between lending markets to follow the best rate. |
| Lending market | An onchain pool where people supply money that others borrow, with the interest paid by borrowers going to those who supplied it. |
This glossary explains terms in general. It isn't investment, tax or legal advice.