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Logo of YalaYala(YALA)
Total Value Locked$1.83m

TVL by Chain

Bitcoin$1.83m

Ethereum$0.016

Key Metrics

Fees (Annualized)$447,386
Fees 30d$36,671

Ethereum$36,671

Fees 7d$12,772

Ethereum$12,772

Fees 24h$876

Ethereum$876

Cumulative Fees$3.85m

Ethereum$3.85m

Revenue (Annualized)$89,463
Revenue 30d$7,333

Ethereum$7,333

Revenue 7d$2,554

Ethereum$2,554

Revenue 24h$175

Ethereum$175

Cumulative Revenue$770,930

Ethereum$770,930

Holders Revenue (Annualized)$0
Holders Revenue 30d$0

Ethereum$0

Holders Revenue 7d$0

Ethereum$0

Holders Revenue 24h$0

Ethereum$0

Cumulative Holders Revenue$0

Ethereum$0

Total Raised$8m

Oct 10, 2024$8mRound: SeedInvestors: Polychain Capital, Ethereal Ventures, Anagram, Galaxy Digital, Amber Group, ABCDE, Ambush, Geek Cartel, SatoshiLab, HashKey Capital, L2 Iterative Ventures, UpHonest Capital, UTXO Management, 280 Capital

Protocol Information

Bring Bitcoin's liquidity across blockchains

CategoryCDP

Audits:

WebsiteGitHubTwitter

Methodology

TVL: The Yala Protocol allows users to lock Bitcoin as collateral to mint YU stablecoins. TVL is calculated by tracking the total supply of YBTC tokens (0x27A70B9F8073efE5A02998D5Cc64aCdc9e0Ba589), which represents Bitcoin locked in the protocol. The borrowed/stablecoin metric tracks the total supply of YU tokens (0xE868084cf08F3c3db11f4B73a95473762d9463f7), which represents the USD-pegged stablecoins minted against the Bitcoin collateralView code on GitHubFees: Includes protocol fees from stability pool operations and YU token distributions on Ethereum. Fees consist of stability pool rewards and protocol fees collected by fee receivers in YU tokens.View code on GitHubRevenue: Revenue comes from YU token distributions to fee receiver addresses on Ethereum.View code on GitHubHolders Revenue: View code on GitHub

Competitors

BIMA CDP ($6.35m)BitStable Finance ($55,953)Sky Lending ($5.869b)USDD ($1.297b)Avalon USDa ($345.43m)Liquity V1 ($133.37m)crvUSD ($83.79m)Reservoir Protocol ($75.53m)Liquity V2 ($71.13m)Frankencoin ($63.33m)