# Welcome to Yodl

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\Welcome to Yodl- The Yield Orchestration & Distribution Layer

Yodl is a DeFi protocol that delivers principal-protected yield on capital already committed to other protocols such as AMMs, lending markets, and restaking systems.

Yodl functions as a coordination layer where operators construct Coincidence of Wants (CoW) cycles from DEX aggregator order flow. Cycles are settled when feasible matches are found, and where gaps exist, execution relies on deterministic fallback mechanisms to maintain value neutrality and protect principal.

Execution liquidity is provided by vault curators who authorize temporary use of their collateral by staked operators. Profits are returned with principal, and failures are resolved through a multi-tier sequence: (1) operator stake slashing, (2) liquidation of receipt-token collateral, and (3) a final YODL token–backed coverage reserve.

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