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$YO Rewards Campaign: Second Heat

By YO
Community

Updated: February 12, 2026

Following a successful token launch, YO’s yield engine is fired up and ready to race. The first heat of the $YO Rewards campaign ended today, and the second heat has already begun. For the second phase, you can earn $YO rewards for select DeFi activities in addition to depositing into YO Vaults.

You can now earn $YO rewards in two ways:

  1. Deposit into YO Vaults

    Choose between yoUSD, yoETH, yoEUR, yoBTC, or yoGOLD vaults and start earning native yield plus additional $YO rewards. For the second campaign, all vaults will earn a 14% fixed rewards APY.

  2. Participate in DeFi activities

    Add liquidity to any supported DeFi activities to earn $YO rewards.

Read on to learn more about the eligible DeFi activities.

Eligible DeFi Activities By Vault

For the second heat, YO is offering rewards for DeFi activities in Pendle.

yoUSD

  • Provide liquidity in Pendle yoltUSD 26MAR2026: Deposit USDC or yoUSD in the Pendle liquidity pool. As a liquidity provider, you will earn yield from: yoUSD, Pendle trading fees, and $YO rewards!
    • Reward APY is variable, starting at 12%.
  • Hold yoUSD YT: Every unit of yoUSD YT earns a variable APY per unit of YT. Buy multiple YTs to stack up more rewards.
    • *Note: Please familiarize yourself with the mechanics of Pendle’s YTs before investing.
  • Stake Pendle LP in Equilibria: If you want to boost your Pendle LP yield, you can stake your Pendle LP position in Equilibria to autocompound any $PENDLE rewards your LP position might receive.

yoETH

  • Provide liquidity in Pendle yoETH 26MAR2026: Deposit WETH or yoETH in the Pendle liquidity pool. As a liquidity provider, you will earn yield from: yoETH, Pendle trading fees, and $YO rewards.
    • Reward APY is variable, starting at 13%.
  • Hold yoETH YT: Every unit of yoETH YT earns a variable APY per unit of YT. Buy multiple YTs to stack up more rewards.
    • *Note: Please familiarize yourself with the mechanics of Pendle’s YTs before investing.
  • Stake Pendle LP in Equilibria: If you want to boost your Pendle LP yield, you can stake your Pendle LP position in Equilibria to autocompound any $PENDLE rewards your LP position might receive.

yoEUR

  • Provide liquidity in Pendle yoEUR 26MAR2026: Deposit EURC or yoEUR in the Pendle liquidity pool. As a liquidity provider, you will earn yield from: yoETH, Pendle trading fees, and $YO rewards.
    • Reward APY is variable, starting at 2%.
  • Hold yoEUR YT: Every unit of yoEUR YT earns a variable APY per unit of YT. Buy multiple YTs to stack up more rewards.
    • *Note: Please familiarize yourself with the mechanics of Pendle’s YTs before investing.
  • Stake Pendle LP in Equilibria: If you want to boost your Pendle LP yield, you can stake your Pendle LP position in Equilibria to autocompound any $PENDLE rewards your LP position might receive.

What about yoBTC and yoGOLD?

For the second campaign, yoBTC and yoGOLD will only generate $YO rewards for vault deposits, not DeFi activities.

Native APY vs. Reward APY

In the YO app, the APYs listed for each vault are the combined total of Native APY plus Reward APY.

  • Native APY: This is the standard vault APY, which is paid in the same asset as the vault. For example, yoUSD will generate native APY in yoUSD.
  • Reward APY: This is the APY that you earn through YO’s rewards campaigns, which is paid in $YO, not vault assets.

APYO!

The second heat is on for two weeks, so get your deposits into Pendle before it’s too late. The YO community is a key part of YO’s yield engine and will keep it moving towards the future of onchain yield generation. The second heat is only the beginning, and more are on the way, continuing into the foreseeable future. Stay tuned!

To see all eligible $YO rewards activities, visit the Rewards page at app.yo.xyz/rewards.