1️⃣ Project Positioning

Yala @yalaorg's core positioning is as a liquidity protocol on the Bitcoin ecosystem, with the main goal of unlocking the real yield potential of BTC in DeFi and RWA scenarios. Its underlying mechanism revolves around the over-collateralized generation of the stablecoin $YU and cross-chain liquidity, creating a low-risk, strongly anchored, and diversified yield BTC stablecoin system for users.

In simple terms, Yala can be understood as a 'fund circulation bus' built for Bitcoin:

  • Construct a stablecoin issuance mechanism through CDP (over-collateralized borrowing) and PSM (Peg Stability Module).

  • Achieve institutional-level security assurance through self-custody and CRSM (Collateral Rate Stability Module).

  • Utilize Yala Bridge to bring BTC into a multi-chain ecosystem and access DeFi and RWA yield scenarios.

2️⃣ Project Background

Yala has only raised one round of funding amounting to $8 million, with the main investors being lead investors Ethereal Ventures and Polychain. It is important to note that Amber Group also participated in the investment, so there is a high probability that the project's market maker will be Amber.

3️⃣ Team Background

➣ Bin Liu @Bin_YalaLabs, Yala co-founder. Co-founder of Alchemy Pay (no longer there), and also an LP behind several VC firms, a classic case of having achieved financial freedom early.

➣ Vicky Fu @VickyXAI, Yala co-founder and CTO. Previously served as the global technology director in Microsoft's AI division and the engineering director at Circle; she is one of the few female CTOs seen in the industry.

➣ Kaitai Chang @cktlore, Yala co-founder and COO. A graduate of Harvard Business School, previously served as an investor at Yzi Labs.

➣ William Remor, Yala CIO. With years of experience in risk and innovation, he was previously the product head for New Zealand's stablecoin (NZDD), and he is currently the head of Maker DAO RWA, as well as an advisor and angel investor for numerous startups.

➣ Kasper Rasmussen, Yala CMO. Previously served as the media head at Bitfinex, and is currently a core contributor to Lido DAO.

4️⃣ Participation Methods

Yala has currently launched its mainnet, and the main ways to participate are through mainnet activities (minting YU, staking LP, referring friends). There is no option for Kaito to earn through verbal means; the specific participation path is as follows:

➣ Collateralize BTC/USDC and mint the stablecoin YU, where BTC is over-collateralized to mint.

➣ Stake YU/Provide LP/Invest in various DeFi protocols for yield.

➣ Minting YU, staking LP, and referring friends can all earn points (related to airdrops).

6️⃣ Overall Evaluation

Overall, the fundamentals of this project are quite solid, and it is clear that the team knows when to take action.

There is no excessive financing; too much financing would instead become debt after subsequent TGE.

There is no packaging phenomenon in the team background; after all, no team would choose a woman as CTO for the sake of packaging. This indirectly indicates that the backgrounds and strengths of team members are genuine, and with members having a background from Yzi Labs, the probability of future exchanges listing the project will be higher.

If you have spare money, participation is recommended. There is a high probability of TGE happening within the next month or two.