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💥 DEEP INTO YALA TESTNET 💥

Yala is a lending protocol for the Bitcoin ecosystem. 

This month, the project attracted $8 million in investments from Polychain Capital, HashKey Capital, Galaxy and others.

A few days ago, the project team announced the launch of its testnet, in which users are invited to make deposits, manage their positions and throw YU tokens into betting to earn points.

what to do? 

1. Go to the website and open the Unisat wallet, having previously selected the Bitcoin Testnet network and the Taproot wallet type (P2TR);
https://app-testnet.yala.org?inviteCode=P6D8c7JnbY

2. Next, click on Connect Destination Chain Wallet and connect Metamask to the Sepolia network;

3. We request test tokens in BTC (or here) and ETH faucets;
https://app-testnet.yala.org/faucet
https://app-testnet.yala.org/faucet/indexETH

4. In the MetaMint YU tab, we make a BTC deposit and receive YU tokens, in an equivalent ratio to the deposit;

💥 TESTNET YALA 2.0 💥

Earlier we wrote about the Yala testnet, a lending protocol for the Bitcoin ecosystem.  
https://warpcast.com/renatov.eth/0x5e43010b 

The project attracted $8 mln in investments from Polychain Capital, HashKey Capital, Galaxy and others.

Yesterday, the project announced the launch of Yala Testnet v2, the next stage in the development of the platform. This update includes enhanced features, new features and an optimized user experience, providing a glimpse into the future of Bitcoin DeFi. 
https://x.com/yalaorg/status/1864670369824604305

🧵 👇

2/ 
What's new?

1. Advanced staking options

- Staking and unstaking functions: Users can now deposit tBTC to receive YBTC and withdraw YBTC to receive tBTC in a 1:1 ratio;
- Removing YU staking: you can no longer earn Berries for YU staking, previously staked tokens can be withdrawn;
- Rewards: For every 0.001 BTC deposited to receive YBTC, 24 Berries are credited. 

2. Uniswap Integration

- You can add liquidity to Uniswap and receive LP tokens;
- These tokens can be staked on Yala to receive additional points and rewards;
- Rewards: 0.04 Berries per hour are awarded for every $1YU of the value of a staked LP token.

Read more in the official article.
https://blog.yala.org/introducing-yala-testnet-v2/

🧵 👇

Founder of /harecrypta community, build /hareai /harma
https://t.me/HareCrypta_lab_ann