Yala Finance ($YU) is a decentralized platform that allows customers to borrow over-collateralized stablecoins ($YU) utilizing BTC or UTXO property, which may then be utilized throughout varied DeFi ecosystems to generate extra earnings. They’ve simply launched their testnet the place you’ll be able to earn rewards, often called Berries. This may very well be transformed right into a Yala Finance ($YU) token airdrop sooner or later! Right here is our Yala Finance ($YU) token airdrop information.
Take a look at our step-by-step information!
What’s Yala Finance ($YU)?
Yala Finance ($YU) is a decentralized platform that connects Bitcoin liquidity with DeFi ecosystems by means of its stablecoin $YU. This may allow customers to borrow over-collateralized stablecoins by depositing BTC or UTXO property and earn extra yields throughout varied DeFi protocols. Its fundamental options embody modular infrastructure for cross-chain compatibility, safe staking with Bitcoin-level safety, and a multi-token system comprising $YU and $YALA for governance. Yala has raised $8 million in a seed funding spherical co-led by Polychain Capital and Ethereal Ventures, with participation from notable buyers akin to Galaxy Imaginative and prescient Hill, Amber Group, and Hashkey Capital.
How you can get the Yala Finance ($YU) token airdrop?
Here’s a information on how one can get the potential Yala Finance ($YU) token airdrop
Get Bitcoin pockets
Yala Finance is on the Bitcoin community, so you will have a Bitcoin pockets, akin to a Unisat or OKX pockets. You possibly can obtain both pockets right here: Unisat pockets, OKX pockets.
Connect with Yala Finance
Join your Bitcoin pockets to Yala Finance.
Declare testnet tokens
Click on “Go to step 1.2” and fund your pockets with each testnet BTC, in addition to testnet ETH and USDC. Be aware it would take a while for the tokens to reach in your pockets. As soon as the tokens have arrived you will notice it in your pockets historical past.
Deposit testnet tokens
Click on on the Bitcoin icon on the Yala Finance web site and enter the quantity you claimed from the tap. Deposit the tokens into the platform.
Mint $YU Tokens
Go to the “MetaMintU” tab. Coming into the quantity of YBTC you need to convert and click on “submit”.
Join pockets to BerryBoard
Click on on the “BerryBoard” tab. Join Your EVM Pockets by clicking “Join vacation spot chain pockets” on the highest proper hand nook. This lets you carry out every day check-ins and take part within the fortunate draw.
Give suggestions
On the BerryBoard, submit suggestions on the platform to the group and earn Berries.
Discover platform
Discover and Have interaction Mess around with the platform. Go to the “Earn” part and stake or convert tokens for Berry rewards.
