Project Introduction: Yala Finance uses the Yala modular infrastructure to provide a lending protocol that enables users to borrow overcollateralized stablecoins ($YU) by depositing BTC or UTXO assets. Users can then use $YU to generate additional income through various DeFi protocols across multiple ecosystems.
Project financing information: It has completed a seed round of financing of US$8 million, led by Polychain Capital and Ethereal Ventures, with participation from well-known institutions such as Galaxy, Anagram, ABCDE, Amber Group, HashKey Capital, Satoshi Lab and UTXO Management.
Interactive Tutorial:
Start from three aspects: preliminary preparation, staking BTC and YU, and social tasks
ps: Portal: https://app-testnet.yala.org?inviteCode=p39rfdrEu0
Link BTC wallet and EVM wallet
Click Next to receive water
Then follow the official Twitter account and submit your Twitter handle
Staking tasks: staking BTC and lending BTC. YU will be minted while staking BTC into YALA. Then you can use BTC to borrow YU for staking.
Then it’s pledging YU
PS: Earn 1 berry for every 0.001 BTC per hour. For every 1 YU staked, you can earn 0.01 berry per hour.
Social Tasks: Invite friends → Sign in daily → Submit feedback Invite friends to earn 15% of the berries produced by friends, sign in daily to earn 1 berry, and submit feedback to earn 10 berries each time, up to 5 submissions per day. Feedback must be at least 30 words long and include at least one screenshot.
Project summary: Yala breaks the Bitcoin liquidity bottleneck and promotes the development of the cross-chain DeFi ecosystem through its innovative stablecoin yUSD.
Secondly, the project has received support from many well-known investment institutions, demonstrating its potential in the field. If you have new songs, you can still participate.
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Disclaimer: The content of this article is intended to share information and disseminate knowledge, and is not intended to provide any specific investment advice. Before making any investment decision, we strongly recommend that you conduct independent research and analysis and make an informed decision based on your personal financial situation, investment objectives, and risk tolerance.
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