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BTCLiquidityprotocol Yala will launch a new Token YALA
ChainCatcher news, BTCLiquidityprotocol and stablecoin issuance party Yala announced the launch of a new Token YALA, which will provide stable pool rewards, governance, and other functions, and will gradually transition to a Decentralization governance Token. Yala allows users to stake BTC and other assets to issue the stablecoin YU through the CDP mechanism. Participants in the stable fund pool can deposit YU to absorb the debt of the liquidation treasury. In return, they will receive YALA Tokens and some liquidation Collateral and stability fees.