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Yala

Airdrop

Explore the Yala ecosystem and earn rewards.
Yala
Multi-Chain
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Description

Yala Finance is a DeFi platform designed to connect Bitcoin liquidity with the stablecoin $YU, facilitating efficient cross-chain transfers. With a successful funding round raising $8 million, the platform introduces a testnet where users can deposit Bitcoin, mint $YU, and manage their investments efficiently. Participants can earn 'Berries', which could be converted into rewards and potential $YU token airdrops. The testnet features BTC deposits, liquidity mining, and an interactive interface where users can stake and deposit, maximizing their earning potential while minimizing liquidation risks. Yala's innovative approach aims to enhance liquidity, offering a unique product in the decentralized finance space.

Instructions

Initial Setup

  • Visit the Yala Testnet App
  • Connect Unisat and Metamask wallets
  • Claim testnet BTC (0.01-0.05) from faucet using your Taproot BTC address

Core Activities for Earning Berries

  • Deposit BTC to receive YBTC (24 Berries per 0.001 BTC)
  • Add YU/YBTC liquidity on Uniswap (0.04 Berries per hour per $1 YU in LP tokens)
  • Stake YU tokens (0.01 Berries per hour per YU)
  • Daily check-in (1 Berry per day)

One-Time Tasks

  • Complete Galxe Quest (follow social media, answer questions: B, A, A, A, A, C)
  • Follow @yalaorg on Twitter (10 Berries)
  • Complete community quest on welcome page
  • Share referral link (earn 15% of referrals' Berries)

Ongoing Engagement

  • Like/retweet Yala posts (1 Berry each)
  • Provide platform feedback (10 Berries per quality feedback)
  • Monitor your staking and liquidity positions

Note: Berries earned now will likely convert to $YALA tokens at mainnet launch (expected Q1 2025). Remember that this is a testnet phase, so you're using test tokens, not real assets.

Airdrop Start Date:
Airdrop End Date:
Added On:
December 18, 2024
Last Update:
December 18, 2024
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