Golden Finance reported that cryptocurrency startup Yala raised $8 million in a seed round co-led by Polychain Capital and Ethereal Ventures. Other investors in this round include Galaxy Vision Hill, Anagram, ABCDE, Amber Group, HashKey Capital, Satoshi Lab and UTXO Management. Yala was founded in January this year by former Binance Labs employee Chang, Alchemy Pay co-founder Bin Liu and former Circle engineering director Vicky Fu. The three aim to promote the development and expansion of Bitcoin decentralized finance.