Yala builds a modular liquidity protocol that issues Bitcoin-backed stablecoins and enables cross-chain deployments to connect Bitcoin with multi-chain DeFi ecosystems. Its core products include a multi-token system with $YU (a Bitcoin-backed stablecoin) and $YALA (governance token), plus features such as an overcollateralized stablecoin mechanism, an insurance derivatives service, and a MetaMint functionality. The protocol’s architecture supports deployments across EVM-compatible platforms like Ethereum and non-EVM systems such as Solana to enhance Bitcoin composability. Yala plans to expand engineering, growth, and security teams as it moves toward mainnet launch and will release a testnet next week. Financially, the team raised an $8 million seed round and reports over 2,000 BTC in committed deposits from investors, and the round was 3x oversubscribed.

Total raised

$8M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2024