July’s keyword for Yala is global presence. This month, Yala has made significant strides in expanding its reach and influence within the crypto community. From major conferences to product development milestones, Yala continues to push the boundaries of innovation and community engagement.
Top Highlights
- EthCC: Yala engaged in impactful discussions and networking in Brussels, with KT sharing insights on investor expectations and asset control at the Shared Security Symposium and Infra Summer 2024 panel.
- Bitcoin 2024: Yala hosted a Happy Hour, booth, and panels where KT and Vicky discussed building a Bitcoin DeFi ecosystem, Bitcoin liquidity, and the future of Bitcoin DeFi.
- Product Development: Significant advancements were made in backend optimization, frontend improvements, and stablecoin deployment, enhancing Yala’s DeFi capabilities.
Product Development
🟩 Backend
- Handle large transactions.
- Optimize outbound actions: bridge events, L2 confirmations, BTC transfer status.
- Improve service monitoring and liquidator interface.
- Test liquidations and handle cross-layer transfers.
- Fix errors and enable user data reset/refresh.
- Implement auto cross-chain swap for $YU.
- Open and close vault processes.
🟩 Frontend
- Optimize documentation.
- Improve yala.org frontend for $YU borrowing and bridge history.
- Switch the theme from black to white.
- Continue DeFi application development.
- Create static pages for portfolio and position.
- Connect frontend with backend data.
- Build news and points systems.
- Integrate feedback interface and stablecoin data.
🟩 Stablecoin
- Deploy $DAI on testnet and test stablecoin mint.
Partnerships & Events
1. Partnerships
2. EthCC
We had a great week in Brussels, with incredible talks, networking and innovations in the crypto space.
- At the Shared Security Symposium, our Co-Founder & COO KT shared key insights:
Investors have higher expectations on the products.
During the last DeFi summer, users were more degens aping into protocols. Now they look at the community and team background more.
Users want to have more control on how to use their assets.
- At the Infra Summer 2024 panel, KT stated:
“Yala leverages Bitcoin so users can earn yields across the ecosystem without selling their $BTC. The tool behind it is a stablecoin called $YU.”
3. Bitcoin 2024
🟩 Bitcoin 2024 Nashville
- KT participated in a panel discussing strategies for building a robust Bitcoin DeFi ecosystem.
- Engaged with attendees during a lively Happy Hour session.
- Hosted a booth providing insights and networking opportunities.
🟩 Bitcoin Builders Conference
- KT’s Keynote: Delivered a keynote on connecting Bitcoin liquidity with a Meta Yield Stablecoin, highlighting innovative financial strategies.
- Vicky’s Panel: Contributed to a panel on the future of Bitcoin DeFi, covering topics such as staking, stablecoins, and swaps.
- Friends of Bitcoin Nashville
- Vicky’s Panel: Participated in a discussion on the importance of BTC versus BTC-issued assets, providing insights into their respective roles and significance in the Bitcoin ecosystem.
4. Community Events
- Yala’s second Founder’s Hour AMA wrapped up with questions from the Yala community being answered and community feedback heard.
5. Hosted a Monthly Quiz campaign to test community knowledge on the Bitcoin ecosystem and Yala.
Forward-Looking
- Yala’s testnet is set to launch towards the end of August.
- Gearing up for more event exposures at Korea Blockchain Week and Token 2049.
- Continued growth on social and community platforms with more fun and educational campaigns, supported by the Yala Yetis.
July has been a pivotal month for Yala, marking significant achievements and expanding our global footprint. Stay tuned for more updates in August!
About Yala
Yala connects Bitcoin liquidity with a meta yield stablecoin. Designed as both a potent asset and a liquidity enhancer, the stablecoin, YU, operates across various ecosystems, increasing efficiency without the need for bridges or relocating the underlying Bitcoin. Yala empowers Bitcoin holders and ecosystem participants with expanded utility, all while maintaining the security of Bitcoin’s infrastructure.
