I have been studying hard in the language class for the past few months and have not had much time to participate in the cryptocurrency circle. Because I have accumulated some experience before, I received the airdrop of Huma yesterday. There is also a sophon below, but it seems that I will run out of money next time.
Fortunately, the language class exam ended last week, so I can interact with new projects again.
Today I recommend a new project @yalaorg, which is a new DeFi protocol that issues stablecoin $YU with $BTC as collateral. It has completed a $8 million seed round of financing led by @polychain and @etherealvc. The main network is now online and has been expanded to the solana network. Interaction can earn points, which can be exchanged for $YALA tokens in the future.
🔥 Current data:
Pledged BTC: 301 pieces
Minted YU: 16.6 million pieces.
The popularity is not high, the competition is low, and there is a great opportunity to participate early!
📌The way to participate is super simple:
1. Use BTC to mint $YBTC (1:1 anchor), then pledge it for $YU
Directly use USDC 1:1 to exchange $YU (convert column on the official website)
2. Pledge $YU to the stablecoin pool, with an annualized return of over 7%, and you can also get berries points
Or participate in YU/USDC LP farming (note that the price range must be set to 0.99~1.01 to pledge)
This second step is the most critical. If you pledge $YU, you will get fewer berries, but you will be guaranteed a 7% (current value) return. If you participate in LP, the return is almost zero, but you will get 4 times the berries.
Personally, if the position itself is small, go directly to uniswap to form an LP and bet on berries to exchange for airdrops. Remember to go to the Yala official website to pledge the NFT certificate of this LP after forming an LP.
3. Daily check-in + interaction with the official push can get Ice Berries rewards
Participate in a team to get extra Lucky Drop + Boost rewards!
🎁👉 Join my team and enjoy the highest Boost!
https://app.yala.org?inviteCode=UrbQkkAJcH
⚠️ Risk warning:
There is a liquidation risk when pledging $YBTC. It is recommended that novices use USDC to directly exchange $YU and then pledge. DeFi projects are all at risk of being attacked or de-anchored. Please participate based on your own situation.
