June has been a month of significant progress and engagement for Yala, with new partnerships, product developments, and vibrant community initiatives.
Top Highlights
- Formed new partnerships with Polyhedra and Tomo Wallet.
- Successfully launched our private internal testnet and integrated with the Botanix testnet
- Launched the Yeti Valley Community Program and began hiring a Chief Meme Officer.
Product Development
🟩 Backend
- Fixed transaction input errors and handled invalid transactions.
- Enhanced refund and withdrawal mechanisms.
- Improved order checks and transaction filtering.
- Updated supply/borrow APR stats and Oracle price updates.
- Continued progress on the bridge backend.
🟩 Frontend
- Conducted dApp testnet testing.
- Implemented UI/UX improvements.
- Developed the Yala Block Puzzle game.
🟩 Stablecoin
- Further exploration of the stablecoin contract code.
🟩 Server-Main
- Enhanced login processes with secure message signing.
- Disabled web3 binding for L2 addresses.
- Refactored pool event monitoring to save transactions.
Partnerships and Events
🟩 Partnerships
Announced new partnerships with Polyhedra and Tomo to bring liquidity to new heights.
🟩 Shared Security Alliance Membership
Yala has joined the Shared Security Alliance (SSA) as a founding member to help develop the restaking space.
Shared Alliance is an organization supporting & growing restaking through improved advocacy & research, co-founded by top players like EigenLayer and Babylon.
🟩 Twitter Spaces
Co-Founder and COO KT participated in two Twitter Spaces in mid-June:
- As a guest speaker on BlockBeats’ Twitter Space discussing the Bitcoin Ecosystem Liquidity Summer.
- At Bitcoin Renaissance, sharing insights on enhancing DeFi security and scalability through Bitcoin.
🟩 Community Monthly Quiz
Hosted a Monthly Quiz campaign to test community knowledge on the Bitcoin ecosystem and Yala.
Community Growth
- Reached nearly 30K Twitter followers and 22.7K members in our Telegram and Discord communities.
- Launched the Yeti Valley program to engage the community in amplifying Yala’s mission.
- Announced the hiring of a Chief Meme Officer to make the Yala community more vibrant and engaging.
Forward-Looking
- Yala’s testnet is set to launch towards the end of July.
- Yala will be present in Brussels and Nashville in July, attending events during EthCC, including the Shared Security Symposium and Infra Summer 2024.
- We will also attend the Bitcoin 2024 conference in Nashville.
- Continued growth on social and community platforms with more fun and educational campaigns, supported by the Yala Yetis.
June has been a transformative month for Yala, with robust developments, strategic partnerships, and dynamic community engagement setting the stage for future milestones.
Stay tuned for more updates in July!
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.
