The new yoGOLD on-chain vault allow users to diversify their portfolios and hedge against inflation.
Yield engine platform YO has launched pre-deposits for yoGOLD, a yield-bearing vault for tokenised gold, leveraging Tether’s XAU gold token.
YO launched the yoGOLD vault to provide an easy access point to yield for tokenised gold, allowing users tobenefit from exposure to gold while earning yield at the same time. All users need to do is deposit their XAUt assets through a one-click experience on YO.
During this initial phase, users deposit their XAUt into the yoGOLD vault on Ethereum where their assets will be securely held. Once the vault is fully launched, YO will automatically route assets to generate yield transparently and fully on-chain. The vault is developed in partnership with IPOR Fusion, a non-custodial infrastructure provider, and Clearstar, a DeFi curation and infrastructure advisor.
YO’s mission is to make DeFi yield accessible to all. yoGOLD delivers on that mission by unlocking DeFi yield for gold that is inaccessible to most investors,” said Driss Benamour, Co-Founder and CEO of YO Labs. “It opens access to a yield product once only reserved for banks, with the openness and transparency DeFi was built for.”
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