Yala Finance Airdrop

Updated December 10, 2024

About Yala Finance

Yala Finance is an innovative project focusing on decentralized finance (DeFi) by leveraging its modular infrastructure. It offers a robust lending protocol where users can borrow over-collateralized stablecoins ($YU) using BTC or UTXO assets as collateral. The platform empowers users to maximize their investment potential by enabling them to earn additional income through participation in various DeFi protocols across different ecosystems. It aims to enhance usability and capital efficiency in the DeFi landscape.

Why we choose Yala Finance?

We selected Yala Finance for its innovative approach in utilizing modular infrastructure to redefine DeFi. With $8M in funding from top-tier backers like Polychain Capital, HashKey Capital, Galaxy Ventures, Amber Group, and Ethereal Ventures, Yala Finance excels with its robust lending protocol using BTC or UTXO assets. Its focus on empowering users to maximize investments through diverse DeFi ecosystems enhances both usability and capital efficiency, marking it as a noteworthy contender in the DeFi space.

Yala Finance Airdrop Guide

Airdrop Eligibility

  • Engaging with various testnet activities.
  • Holding and interacting with the YU tokens.
  • Participating in the community tasks and feedback mechanisms.

How to get Yala Finance Airdrop?

Guide for Participating in the Yala Airdrop

1. Getting Started with Yala Testnet

  • Visit the Yala Testnet App.
  • Connect both your Unisat and Metamask wallets.
  • Sign the transaction to complete the connection.

2. Claiming Faucet Tokens

  • Choose between BTC or ETH faucet (BTC is recommended).
  • Enter your Taproot BTC address (starts with tb1p…).
  • Input an amount between 0.01 and 0.05 and submit.

3. Depositing into the BTC-YU Vault

  • Go to the MetaMint tab.
  • Input the BTC amount to deposit and the corresponding $YU to mint.
  • Approve the transaction and create your vault.

4. Staking YU Tokens

  • Visit the Portfolio page.
  • Click on “Stake YU” and enter the amount to stake.
  • Confirm the staking transaction.

5. Daily Check-in and Referrals

  • Check-in daily on the Berries page to earn daily rewards.
  • Use your referral link to invite friends and gain additional Berries.

6. Participating in the Galxe Campaign

  • Complete tasks such as following Yala on social media and joining their community platforms.

By following these steps and engaging actively with the Yala testnet, users can maximize their earning of Berries, gearing up for potential future benefits once Yala launches its mainnet and $YALA token. Consistent participation and engagement are crucial to making the most of this opportunity. Stay informed through Yala’s official channels for continuous updates and ensure to exercise caution while participating in testnet activities.

Yala Finance Airdrop Claim

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