Yala
Decentralized CDPs
Yala
Yala is a Bitcoin-collateralized CDP protocol that lets BTC holders mint YU, a USD-pegged stablecoin, against locked Bitcoin.
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What is Yala?
Yala is a CDP protocol that brings Bitcoin liquidity onto other chains by letting users lock BTC as collateral to mint YU, a USD-pegged stablecoin. Bitcoin is wrapped as YBTC to back the system, and YU can then be redeemed for the underlying collateral or used in DeFi across supported networks.
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