Yala

The Yala Testnet is now live! With the Yala testnet, users will be able to deposit and MetaMint $YU, manage their position and stake their $YU to earn points. app-testnet.yala.org 🗻 The evolution of DeFi on Bitcoin begins today.

🗻 Bitcoin Liquidity Series: w/ Botanix Labs Join Alisia Painter tomorrow at 1pm UTC for a Q&A on transforming blockchain concepts into reality with a New Testnet launch and Botanix's future across BTCfi. Set a reminder 👉 https://lnkd.in/gbY3W9-w

The Yala Testnet in numbers: Total BTC Staked: 37.09k Total YU Minted: $1.77B Total Users: 50,610 The era of $YU is here!

48 hours later and 4,000+ Testnet BTC deposited on the Yala testnet! DeFi on Bitcoin is in Up Only mode and we are here for it. Thank you to everyone who joined the testnet so far - this is only the beginning.

🗻 Bitcoin Liquidity Series: w/ Nubit Join us today at 1pm UTC to dive into the backbone of #DeFi: Security & Data Availability. 🎙️ Special guest: Hans, Co-Founder of Nubit. We'll discuss topics from the exciting Matrix launch to the innovative "Minichain" and the future of decentralized finance. Set a reminder 👉 https://lnkd.in/gSh38z8v

We’re excited to announce our seed round co-led by Polychain Capital & Ethereal Ventures to build out the liquidity layer for Bitcoin. The 3x oversubscribed round was co-led by Polychain Capital and Ethereal Ventures, with participation from Galaxy, Anagram Ltd, Amber Group, ABCDE, Ambush Capital , GeekCartel, HashKey Capital, L2 Iterative Venture (L2IV), Satoshi Lab, UpHonest Capital, UTXO Management & 280 Capital. Built around a liquidity protocol and the $YU stablecoin, Yala allows users to access the full power of Bitcoin across any chain. With over 2,000 BTC committed from included investors, our vision is to create a unified, interconnected DeFi ecosystem for Bitcoin to bridge the current liquidity gap. Thanks for your support & stay tuned for testnet 💚

Yala: Explained 🗻 A Bitcoin-based asset protocol to channel Bitcoin liquidity across multiple ecosystems using YU. Coming soon.

TOKEN2049: ✅ 🇸🇬 With TOKEN2049 done, we're overwhelmed with the growth of BTCfi. TLDR: - DeFi is coming to Bitcoin, fast. - Q4 will see BTC (re)staking, lending, LPing & more. - Keep an eye on BTCfi projects including Babylon Labs, Lombard, Nubit,  Stacks & more. The future is bright for Bitcoin DeFi. Don't blink 👀

What's next for Bitcoin beyond being just a Store of Value? 🧐 Join us at HashKey Space for a thought-provoking discussion on Bitcoin's evolving role and scaling innovations: ▪️Unlocking new native yield products for Bitcoin holders ▪️Exploring scaling solutions and their impact on the broader ecosystem ▪️Applying Ethereum’s growth strategies to the Bitcoin network ▪️How Bitcoin's narrative as a "Store of Value" is evolving ▪️The future of Bitcoin-backed assets and their unique use cases Moderated by our very own Head of Investment Research, Zhiwei(Jeffrey) Hu with esteemed speakers such as Sankha Banerjee from Babylon Labs, Arwen from BSquared Network, Kai-Tai, Lore CHANG from Yala, Darius Koh from Lnfi Network and Zuki Hong from Ignition | FBTC this is certainly a must-attend panel!✨ Register for HashKey Space here👇 https://lu.ma/ocytph72

Great times at KBW 🇰🇷 Thank you to everyone who joined us at Bitcoin Odyssey Seoul last week. A special shoutout to our incredible partners and speakers - your energy and enthusiasm made the event truly exceptional. It was fantastic connecting with local and global KOLs, builders, and developers in the Bitcoin ecosystem at Bitcoin Renaissance Seoul, BTCON, and other KBW events too! Next up: TOKEN2049 👀 🇸🇬