Yala's TGE is moving a bit fast!
When I released it on May 17, the mainnet had just launched, and now it's going live in just two months!
Airdrop query link:
I used the first image from @AirdropAlchemis. I probably received the reward because I had written about Yala before; I missed the testnet and didn't deposit my funds!
The Yala mainnet has finally launched, and this project is dedicated to unlocking the untapped yield potential of Bitcoin in the DeFi and Real World Assets (RWA) sectors. By simply depositing BTC, users can access cross-chain and cross-protocol liquidity opportunities, allowing Bitcoin to transform into a high-performance productive asset while fully maintaining its sovereignty and security.
During the testnet phase, Yala achieved impressive metrics: over 1.58 million BTC staked on the testnet, $61.76 billion in YU stablecoin minted, and over 3.68 million active users participating. Now, after the refinement through V1, V2, and V3 testnets, the mainnet has finally arrived with a complete ecosystem. The Token Generation Event (TGE) is scheduled for the second quarter of 2025, which means that participating in the mainnet now could likely grant you a share of the TGE, and the DeFi + RWA network generally has a significant portion on the mainnet, so it's worth experiencing.
It is particularly noteworthy that the Yala team has an extreme pursuit of user experience. Core members from industry leaders like Alchemy Pay and Circle have poured their years of practical experience into this project. Every interaction detail and every functional design reflects the developers' deep understanding of user needs.
The Yala mainnet offers users:
MetaMint: One-click minting of stablecoins backed by BTC, releasing liquidity.
One-click zero slippage exchange: Instant cross-chain and cross-protocol asset conversion.
Real yields: Earn sustainable returns through farming and stability pools.
Automated liquidation engine: Ensures system security and peace of mind.
Dual rewards: Berries and Ice Berries incentive systems stack returns.
Yala is building a complete Bitcoin financial ecosystem, and those interested can give it a try.
19.39K
11
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.