What it means
A protocol whose vaults move deposits between lending markets to follow the best rate.
You deposit once and the vault rebalances across markets for you. The rate is still variable.
How it works
YO vaults are among the markets in Defied's Markets.
Related terms
| Term | What it means |
|---|---|
| Vault | A smart contract that takes deposits and spreads them across lending markets by a set strategy. |
| Lending market | An onchain pool where people supply money that others borrow, with the interest paid by borrowers going to those who supplied it. |
| Curator | The team that runs a lending vault: it picks which markets the vault lends to and sets its risk limits. |
This glossary explains terms in general. It isn't investment, tax or legal advice.