YO Protocol announced that it will launch a governance token YO, with a total supply of 1 billion, distributed to the community and core contributors, among others. The token will be airdropped on February 5, and it is initially non-transferable, and holders can participate in protocol decision-making. The YO Rewards Program has been launched, and users can earn YO rewards by participating in DeFi activities.

PANews January 15 News, the DeFi protocol YO released a review of the yoUSD incident, stating that the yoUSD treasury has fully resumed operation, and funds are safe; the incident was caused by an unfavorable automatic exchange operation, resulting in a $3.7 million funding gap, which has been fully covered by YO's treasury; user balances were not affected, and the protocol's solvency was not impacted. Earlier on January 13, news, YO

DeFi protocol YO experienced an unexpected exchange of assets exceeding the harvest rewards due to its automated harvesting system, resulting in a loss of approximately $3.7 million. The initial quote was not properly verified, and the transaction was executed at an extreme price. Although the incident caused losses, the yoUSD treasury funds remain secure, and user balances were unaffected. YO has implemented systemic reforms to prevent similar events in the future.