Yala Unveils Vision to Revolutionize DeFi with Bitcoin

Yala,
a
liquidity
and
stablecoin
protocol,
is
excited
to
unveil
its
new
vision
for
the
future
“to
create
a
thriving,
open
ecosystem
that
unlocks
the
full
potential
of
DeFi
on
Bitcoin”.
This
ambition
reflects
Yala’s
dedication
to
catalyzing
mass
adoption
of
decentralized
finance
on
the
world’s
most
resilient
blockchain,
Bitcoin
while
upholding
its
core
principles
of
security
and
decentralization.

Yala
achieves
this
by
issuing
its
stablecoin
$YU
on
Bitcoin
and
weaving
it
into
a
decentralized
indexer
network
and
Oracle
through
innovative
meta
protocols.
This
integration
facilitates
a
direct
linkage
of
Bitcoin
assets
with
various
blockchain
environments,
encouraging
robust
participation
in
the
DeFi
domain.

“Bitcoin
faced
challenges
in
meeting
the
rapidly
evolving
demands
of
DeFi
applications
due
to
its
architectural
constraints,
such
as
block
size
and
throughput
limitations.”
said
Vicky
Fu,
co-founder
of
Yala
Labs.

To
capitalize
on
DeFi
opportunities
without
compromising
security
and
decentralization,
Yala
has
adopted
advanced
scalability
techniques,
similar
to
how
sharding
and
rollups
have
enhanced
scalability
on
Ethereum.
Meanwhile,
Yala’s
adoption
of
modular
design
has
enabled
the
seamless
integration
of
DeFi-specific
functionalities
into
Bitcoin.
Acknowledging
the
complexities
and
dependencies
of
existing
Bitcoin
layer
2
solutions,
Yala
pledges
to
pursue
more
integrated
and
user-friendly
alternatives
in
close
collaboration
with
the
community.

Guided
by
architectural
considerations,
Yala
has
adopted
a
modular
approach
founded
on
the
Ordinals
protocol’s
groundbreaking
inscriptions.
The
modular
approach
allows
Yala
to
deploy
modules
on
various
environments,
including
EVM-compatible
platforms
like
Ethereum
and
non-EVM
systems
like
Solana.
This
pioneering
move
has
allowed
Yala
to
bring
programmable
smart
contracts
and
DeFi
applications
to
the
Bitcoin
blockchain
for
the
first
time.
Thus,
the
stablecoin
$YU
issued
by
Yala
offering
will
incorporate
lending/borrowing
protocol,
liquidity
pools,
and
governance
contracts,
all
backed
by
formal
verification
to
ensure
mathematical
correctness. 

To
ensure
a
robust
and
trustworthy
system,
Yala
is
developing
a
decentralized
indexer
network
supported
by
federated
voting.
This
approach
aims
to
mitigate
the
risks
of
centralization
inherent
in
centralized
BRC-20
indexing.
Simultaneously,
stringent
data
verification
and
consensus
protocols
are
being
implemented
to
guarantee
the
accuracy
and
integrity
of
token
balance
information.
At
the
execution
layer,
Bitcoin
asset
management
leverages
Bitcoin
vaults
using
threshold
signatures
for
robust
security
without
single
points
of
failure.
Furthermore,
Yala’s
decentralized
Oracle
network
also
provides
tamper-resistant
real-time
price
data,
which
is
critical
for
managing
liquidations
and
maintaining
the
stablecoin
peg.

“At
Yala,
our
vision
is
to
create
a
thriving,
open
ecosystem
that
unlocks
the
full
potential
of
DeFi
on
Bitcoin.”
said
Vicky
Fu,
Co-Founder
and
CTO of
Yala, “Looking
ahead,
we
are
excited
about
the
path
we
are
forging.
Our
vision
is
ambitious,
but
with
our
talented
team,
supportive
partners,
and
the
trust
of
our
customers,
we
are
confident
in
our
ability
to
achieve
it.”

Yala
extends
a
warm
invitation
to
all
stakeholders
to
join
this
groundbreaking
exploration
of
DeFi
possibilities
on
Bitcoin.

About
Yala

Yala connects
Bitcoin
liquidity
with
a
meta-yield
stablecoin.
Designed
as
both
a
potent
asset
and
a
liquidity
enhancer,
the
stablecoin
$YU
operates
across
various
ecosystems,
increasing
efficiency
without
the
need
for
bridges
or
relocating
the
underlying
Bitcoin.
Yala
empowers
Bitcoin
holders
and
ecosystem
participants
with
expanded
utility
while
maintaining
the
security
of
Bitcoin’s
infrastructure.

Media
Contact

For
media
inquiries,
please
contact [email protected].