This is a project @ yalaorg that I have been silently observing for two months, and I see it as the narrative second spring of Bitcoin. The value of Bitcoin is beyond doubt, but its potential seems to have been locked in by the restriction of 'can only take, must take' for a long time. Lack of a native, composable liquidity protocol. That's exactly why I chose to follow Yala. ✔️ What is Yala? Yala is the native liquidity layer of Bitcoin, unlocking BTC's potential for revenue in DeFi and RWA fields. By over collateralizing BTC, users can lend stablecoins $Yu and deploy these funds to DeFi protocols in ecosystems such as Solana or Eth, achieving cross chain circulation, cross protocol assembly, and maximizing returns of assets. ✅ The main website was launched on May 16th this year ✅ Integrate with protocols such as Raydium, Kamino, Pendle, and Centrifuge ✅ TGE is about to start, and the points system is currently running ✔️ How do I understand Yala's narrative logic? In my opinion, what Yala is doing is not simply cross chain lending, but three more fundamental things: 1. Engage Btc in modular finance: from static value to modular revenue units 2. Make the stablecoin system of Bitcoin decentralized and institutional level: allowing retail investors to participate and adapting to the risk control of large investors 3. Use points to motivate early contributors and establish a narrative: not relying on sales, but on participation and dissemination of the points system to roll out consensus. ✔️ Quick Overview of Core Product Mechanisms Yala has designed a complete set of stable, low-risk, and high-yield Btc mortgage mechanisms, targeting different users: ✅ Large scale end: CDP+self hosting+CRSM CDP: Excess Mortgage Btc Casting YU Self custody: Assets do not need to be entrusted to a centralized platform Yala provides a solution where institutions can fully control their assets without being liquidated. CRSM (Risk Management Module): Deploy advanced risk control mechanisms for large loans ✅ Retail end: PSM (Price Stability Module) Stable coin exchange module ensures a stable exchange rate between YU and USDC/USDT Realize instant deposit, easy exit, and participate in Yala protocol without technical knowledge ✅ System stability and interest guarantee Bind with RWA's real income market Lending assets are not solely based on liquidity market making, but can be invested in RWA structured products, agreement cooperation, and other ways to give back real profits ✔️ Team lineup super hardcore Bin Liu: Former co-founder of Alchemy Pay Vicky Fu: Former Engineering Director of Circle Kaitai Chang: Former investor of Finance Labs William Remor: ShakerDAO RWA Manager Kasper Rasmussen: Marketing Director of Lido 🔺 How can I participate? The key is here! Currently, Yala has opened five participation paths: 1. Deposit coins and mint coins to win Berries points: Exchange USDC for $YU or stake Btc to mint YU, and the points will be linked to future TGE rewards 2. Mining&Dual Income DeFi Operations: Through Yala DeFi Market Place, one-stop capture of dual APY and point rewards from top partners such as Yala, Pendle, Kamino, etc.: https://app.yala.org/defi-marketplace . 3. Through Yala's structured product market RealYield, there are institutional level profit sharing opportunities with agreements such as Centrifuge: https://app.yala.org/realyield . 4. Triple income of stable pool: 10-12% APY+points+liquidation return 5. Lite Mode Fixed Income Mode: One click deposit of YU/USDC, enjoy 12% fixed income annualization+automatic wealth management agent 👉 Main network entrance: https://app.yala.org 👉 Link to YALA Chinese Channel: https://t.me/yala_cn_announcement ✔️ Regarding TGE: Participating now is not just about airdrops, but becoming a narrative node Yala explicitly stated that TGE is about to take place, and the current contribution points Berries are an important basis for corresponding allocation. ✔️ The earlier you participate and the more interactions you have, the more likely you are to receive substantial rewards in TGE. ❤️ My own observation and summary Yala's difference lies in building on Bitcoin, the asset with the strongest consensus, and choosing to combine stablecoins with actual returns to create a liquidity model. Make the application of Bitcoin a reality! For me, this is a project worth long-term tracking and early participation. If you, like me, are passionate about storytelling and have faith in the cryptocurrency industry, then Yala is really worth paying attention to ❤️