Yala is an innovative decentralized finance (DeFi) project that bridges Bitcoin liquidity across different ecosystems. It is focusing on creating a Bitcoin-collateralized, yield-earing stablecoin called $YU. $YU is designed to maintain a stable value related to the American dollar. In this article, we will explain how you can participate in the Yala Protocol Airdrop and earn free points. These points will convert into $YU when Yala launches its mainnet.
Yala is currently in the testnet phase. It has gained significant attention in the crypto community and raised $8 million fund from prominent investors such as Ethereal Ventures and Polychain Capital. To participate in Yala Airdrop, you just need to earn “Berries” airdrop points by depositing, minting, and staking $YU on its platform. The points will convert into tokens ($YU) when the project launches its mainnet and native token.
To participate in the Yala Protocol Airdrop, complete all steps one by one mentioned below.
Step-by-step Yala Protocol Airdrop guidelines:
- Download and install MetaMask and Unisat Wallet.
- Join Yala on Twitter, Discord, and Telegram.
- Visit Yala testnet page, Connect both MetaMask and Unisat wallet.
- Now request a testnet token from the faucets. Make sure to enter the taproot address while claiming the testnet token.
- Click on the MetaMint YU at the top menu, Enter the amount of BTC or ETH you want to deposit and the corresponding amount of YU you want to mint.
- Now Click on the Portfolio at the top menu, click on “Stake YU” and enter the amount of YU you want to stake. Confirm the staking transaction.
- Also, visit Yala Galaxy Quest and complete all the available tasks.
Conclusion
Yala Protocol airdrop offers a great opportunity for crypto enthusiasts to engage with its Bitcoin-backed stable-coin project. By participating in their testnet you will earn free tokens (Berries). You will convert these test tokens into Yala tokens once the Yala protocol goes live. To stay updated with Yala protocol’s latest activities, please follow them on social media.
Disclaimer: Please note that participating in airdrops, including the Yala Protocol, involves some level of risk. Always do your own research and ensure you are interacting with legitimate platforms. The value of airdropped tokens is subject to market conditions and may not guarantee profits.
To participate in more potential airdrops, please visit our crypto airdrop page. Don’t forget to follow us on Instagram, Facebook, Twitter and Telegram.