Ahem, I saw that Yala launched its mainnet yesterday, and several classmates asked me to write a tutorial, so I did! After completing my preliminary research, I have a rough judgment: if you have idle USDC, you can deposit it in the stablecoin pool to earn interest and berries points. If you don't want to participate with costs, then you can do it at no cost. So, let's go through it together first.
One, project introduction.
Recently, RWA (Real World Assets) has been extremely popular in the circle, from US bonds, gold to real estate, carbon credits, an increasing number of 'off-chain assets' are being moved onto the chain. But looking back, Bitcoin, with the largest market capitalization and strongest consensus, has long been 'idle', like a piece of lying gold - its vast value has hardly flowed in DeFi.
The emergence of Yala aims to break this situation. It is not just another simple BTC mapping project but is set to transform Bitcoin into a new production factor that can flow across chains and participate in multi-chain DeFi and RWA returns. Whether you want to make money with BTC on Ethereum, Solana, or more public chains in the future, Yala provides a one-stop solution of 'bridging + liquidity + returns.'
Just the day before yesterday, the Yala mainnet has officially launched and announced the issuance of the native token $YALA. All current interactions, points, and contributions are likely to be important bases for future airdrops.
Two, non-zero-cost participation path.
In the Yala ecosystem, MetaMint is the core funding entry point and the starting point for most on-chain activities. In simple terms, it involves locking BTC into Yala and exchanging it for the stablecoin $YU; or directly exchanging ETH-USD 1:1 with zero slippage for $YU. This is used for subsequent earnings activities or accumulating airdrop points.
Next, let’s talk about minting YU, there are two methods: one is to use ETH-USDC, the other is to use BTC, and the third is to directly exchange YU on Uniswap (https://app.uniswap.org/explore/pools/ethereum/0xB7DD85fE94686A9b5CA04fBc49E0CCc2746D50a2).
1️⃣ Directly mint YU using ETH-USDC.
Enter the YALA mainnet (https://app.yala.org?inviteCode=cC81FXd8Ad), and bind your EVM wallet in the upper right corner.
Exchange YU - Click on 'convert to YU' above, enter the amount of YU you want to exchange, and confirm the transaction.
2️⃣ Mint YU by staking BTC (I didn't use this method, just put the official tutorial here).
✅ Step one: Bridge BTC to acquire YBTC.
Open and enter the YALA mainnet (https://app.yala.org?inviteCode=cC81FXd8Ad), and connect your BTC wallet.
Bridge BTC as prompted (Note: the single bridging/redeeming fee is 0.0003 BTC).
Wait for 6 blocks to be confirmed, and you will receive YBTC.
✅ Step two: MetaMint to mint $YU.
Use YBTC as collateral to mint the stablecoin $YU.
The minimum position must mint 2000 $YU (including a 200 $YU liquidation buffer).
$YU will be credited after minting is complete, allowing participation in subsequent activities.
3️⃣ Participate in the earnings module to earn rewards.
No matter how you mint YU, as long as you now hold YU, we can use YU to participate in the following activities.
Stable Pool: Deposit $YU into the stable pool to earn liquidation profits and rewards. Currently, the interest rate is quite good; depositing 1 YU into the stable pool can earn 0.15 berries/hour.
Uniswap V3 LP Mining: Provide $YU/USDC or WBTC/YBTC liquidity to earn transaction fees + Berries. The mining pool has a higher multiplier.
Berries points system: Accumulate Berries through active interactions, which may be linked to future $YALA airdrops.
Three, no-cost participation path.
Suitable for users who do not want to invest funds but hope to strive for airdrops, with several ways to earn Ice Berries points.
Bind your wallet to receive 10 Ice Berries.
Complete daily tasks (follow official Twitter, like and retweet, check-in, etc.) to earn +10 points daily.
Submit product feedback for +10 points each time.
Join the uncle's team (https://app.yala.org?inviteCode=cC81FXd8Ad), teams with more than 20 people have 2 lucky draws within 72 hours.
Four, key analysis of airdrop participation | What details cannot be overlooked?
On-chain actions are linked with Berries.
Yala makes it clear.The more on-chain interactions, the more Berries rewards., especially: bridging BTC.
Minting $YU, participating in the stable pool, and Uniswap V3 LP mining.
Daily Berries accumulate in real-time; the earlier you participate, the higher the earnings..Off-chain actions accumulate Ice Berries.
Binding wallets, social interactions, submitting feedback.All can accumulate Ice Berries.
In the future, they will be converted into Berries or airdrop points according to the official ratio.Fees and thresholds.
Bridging and redeeming BTC incurs a fixed fee of 0.0003 BTC per transaction., suitable for one-time operations to avoid multiple charges.Minting$YU requires at least 2000 $YU., the participation threshold is not low, suitable for large participants.USDC zero slippage exchange.$YU
You can participate even without BTC; you candirectly exchange USDC for$YU and participate in the stable pool or LP mining..Berries & Ice Berries conversion mechanism.
On-chain actions accumulate Berries more reliably., and are recommended to be prioritized.
Ice Berries currently rely only on official promises, suitable for no-cost trials..In the future,$YALA TGE time has been set.
Officially confirmed.Q2 token TGE., the current participation pace is just right; completing multiple interactions before TGE is an ideal strategy.
Alright, I'm done writing. If I participate deeply in Yala, you will probably see me continuously posting about it, haha ❤️.
