YO Protocol has announced the launch of its native governance token, YO, detailing its token economics model. The total supply of YO is set at 1 billion tokens, with allocations including 30% for community growth, 24% for core contributors, 21.5% for ecosystem development, 16.5% for early investors, and 8% for a genesis airdrop. Applications for the airdrop open on February 5, allowing eligible users to claim tokens via their Base network wallet. The YO token will initially be non-transferable to encourage governance participation, with transferability to be enabled through governance voting. Holding YO grants voting rights on protocol decisions. Additionally, the YO Rewards Program, launched on January 29, offers users the chance to earn YO by depositing various assets into vaults or engaging in DeFi activities, with a reward rate of 14% during the initial phase. Previously, YO Labs secured $10 million in a Series A funding round led by Foundation Capital.