Recent market trends have had a significant impact on me, primarily causing an overall more conservative approach. Striving to enhance non-investment income while maintaining stable cash flow and deleveraging.
Expand to the Trump administration period, minimizing secondary trading as much as possible, especially avoiding long-term contracts, while participating in more new asset issuances and focusing on stablecoin yields in wealth management.
There have been many projects for saving money in the past two months. This week, I also engaged in two projects saving over $10,000, Noble and Yala. Today, I will talk about @yalaorg.
❚ Core Logic
- Risk-free high interest earning + earning points for airdrop chances.
❚ Operational Plan
- Stake $BTC or $USDC to mint the stablecoin $YU.
- Stake $YU in the Stability Pool or create LP for yield farming, or obtain excess returns through DeFi protocols like Pendle.
- Also earn more Berries points to seek airdrops.
❚ Interaction Tutorial
1 / Collateralize and Mint Stablecoin $YU
- Accepting $BTC or $USDC.
- Here, BTC is over-collateralized for minting, with network fees around 30U. First, click Deposit BTC and after confirmation in 6 blocks, you can obtain the wrapped token YBTC.
- After obtaining YBTC, enter the MetaMint page to collateralize and mint the stablecoin YU. To prevent liquidation caused by BTC price drops, the maximum minting ratio is 75%.
- However, given the current market conditions, there is a certain liquidation risk. Therefore, it is recommended to choose USDC 1:1 conversion; operations can be performed on the Convert page.
2 / Utilizing YU for Yield
- Enter the Stability Pool for staking to earn dual rewards of YBTC and YU, as well as Berries points, with a current APR of 10.2%.
- Alternatively, enter the Framing page to provide USDC/YU or WBTC/YBTC LP earnings. The default DEX here is Uniswap.
- Alternatively, enter the DeFi Market page to use YU in other DeFi protocols, further exploring excess returns. Pendle is relatively simple and allows you to lock in up to 10.8% annualized returns by purchasing PT YU and other methods.
3 / Berries Points System
- Yala has launched its mainnet in May, with the TGE expected to be completed in the coming months. Berries points will be directly linked to the genesis airdrop allocation.
- All three interactions can earn Berries, including minting YU, staking LP, and referring friends.
❚ Reasons to Choose Yala
1 / Stablecoin Track Positioning
- In fact, Yala, as a BTC liquidity layer, is not a new project. GOAT, Solv, Babylon, etc., have all attempted to evolve BTC into a safe earning asset. What attracts me is its stablecoin properties, which align with current trends.
- Although Yala uses a standard over-collateralized stablecoin model, its innovation lies in the ability to mint YU across chains with a single click using mainnet BTC.
- Similarly, Babylon, also invested by Polychain, focuses on BTC staking for yields, while Yala emphasizes BTC collateral to generate stablecoins for cross-chain liquidity release. The difference is that the intermediary stablecoin YU can further expand multi-chain influence.
2 / High-Quality Team and Strong Endorsements
- Core members come from industry leaders: Circle, Tether, Alchemy Pay, MakerDAO, Lido, Binance, etc. They have rich technical and operational experience. Ultimately, stablecoins rely on distribution paths, and a team with an excellent reputation in the industry helps YU gain more acceptance.
- Yala received $8 million in seed funding led by Polychain Capital and Ethereal Ventures in Q3 2024. The last project they jointly led was Eigenlayer.
3 / Capital Security
- For BTC stakers, Yala's CDP + self-custody + CRSM technology can ensure staking without relinquishing BTC ownership, rather than transferring BTC to a designated wallet.
- The Curve-like mechanism ensures the healthy operation of the liquidation system.
According to DeFiLlama data, Yala's TVL has reached 130m as of now, and it surged significantly from the 13th to the 15th of this month, undoubtedly showcasing the performance leading up to the TGE. Participating now yields great results with minimal effort.
