🛰️FN Express | A Quick Look at Yala, Soon to TGE, a Leader in BTCFi on Solana?

Straight to the point, how to participate in the airdrop 🪂:

▪️Taking the Ethereum mainnet as an example, users can deposit Bitcoin into the protocol through the Yala Bridge gateway to obtain equivalent tokenized Bitcoin.

▪️Next, users can use yBTC as collateral to mint YU stablecoins on Ethereum or other supported chains with one click via the MetaMint function.

▪️After minting, YU is directly deposited into the user's EVM chain wallet or Solana wallet.

▪️Subsequently, users can deposit YU into the protocol's stable pool to earn staking rewards or provide liquidity in the DeFi market (such as investing in the YU/USDC pool on Raydium).

All on-chain activities generate rewards -- users earn YU while receiving Berry points from the platform. These points represent the user's ecological contribution and can be used to redeem rewards or participate in future airdrops. Currently, users can also participate in activities such as the "Team Competition," forming teams to participate in lotteries and further accumulate points.

@yalaorg has launched various community incentive activities, including "Yeti Yell." Users can earn extra rewards by participating in activities, publishing content, or completing official tasks. At the same time, Yala has issued a limited number of Yeti Soul-Bound NFTs as proof of honor for early users and contributors. Currently, Phase 0 of this NFT has ended, with a total of 1,500 NFTs minted. Phases 1 and 2 have 3,000 and 5,500 NFTs available for minting, respectively, targeting users with top testnet and mainnet积分 rankings and ecological participants. These phases have not yet started.

Learn more details here:
https://t.co/6WDSJbRe5R