Velvet x Yo Protocol: Earn Yield in a Click on Base
Earn yield through a non-custodial yield optimizer that simplifies DeFi yield, Yo Protocol, now live on Velvet!
We’re excited to announce that Yo Protocol’s yield assets on Base are now live on Velvet. That means you can now get one-click access to yoETH, yoBTC, yoUSD, and yoEUR—earning yield by depositing any asset on Base.
Whether you’re looking to grow your ETH, BTC, or stablecoins, Yo Protocol gives Velvet users a seamless way to tap into real, risk-adjusted yield without managing dozens of DeFi strategies manually.
What is Yo Protocol?
Yo Protocol is a smart, non-custodial yield optimizer that simplifies DeFi yield. Instead of searching across platforms and chains for the best rates, users can deposit into yoTokens like yoETH or yoUSD, which represent a curated, actively rebalanced basket of yield strategies for that asset.
These yoTokens are powered by ERC-4626 vaults and designed to:
Auto-allocate capital to the best risk-adjusted yield across protocols and chains
Rebalance over time using risk frameworks and third-party ratings
Maximize yield while reducing manual effort and risk
When you hold a yoToken, you’re holding a dynamic, yield-bearing version of that asset that grows over time. It’s simple, composable, and live on Velvet.
Growth of Yo Protocol
Since launching earlier this year on Base, Yo Protocol has grown to one of the larger yield aggregators on the chain. In mid-august Yo Protocol hit a TVL all-time high of $80m and is the 13th largest Base DeFi Protocol by TVL.
Yo Protocol's growth has been due to providing a streamlined way to get access to yield on top Assets (Stables, Ethereum, Bitcoin) through multiple pools.
Why This Integration Matters
Streamlined Deposits – Velvet users can now get exposure to yoTokens in just a few clicks using any Base asset. No bridging, vault-hunting, or extra steps.
Manage Positions Across DeFi – Track and hold yoTokens in your Velvet dashboard alongside your other assets.
Earn Quality Yield – Let Yo Protocol’s rebalancing engine and risk models work for you. Just deposit and earn.
Earn Gems on Every Trade of Yo Protocol Assets
As with all eligible tokens on Velvet, trading or depositing into yoTokens earns Gems, our rewards system that gives $VELVET rewards on the 10th of every month. The more you interact with Yo Protocol assets on Velvet, the more Gems you’ll collect, boosting your $VELVET holdings over time with more coming in each month.
How to Deposit into a Yo Protocol Pool
Open the Velvet App & go to the Yield Tab
Connect to Base
Search for “Yo Protocol”
Select a Yo Protocol Pool
Choose the asset you want to swap & complete swap
Track Your Position: Monitor your deposit, yield, and positions on Base in a single app
Start earning smarter yield today - powered by Yo Protocol, made seamless by Velvet.
🔹 Launch Velvet: dapp.velvet.capital/yield
🔹 Learn More: Yo Protocol | Yo Protocol X
🔹 Join the Community: @Velvet_Capital
Yield made simple. Only on Velvet x Yo Protocol.