Yala x Nubit: Enhanced Scalability and Security in Bitcoin DeFi
Yala, the modular and programmable layer for Bitcoin, is announcing a strategic partnership with Nubit, the first Bitcoin-native Data Availability (DA) layer, to bring more scalability and security in Bitcoin DeFi.
Nubit stands out as a scalable and cost-effective DA layer that brings instant finality to transactions, dramatically improving confirmation times. Its unique consensus algorithm supports an extensive network of validators, ensuring the security and censorship resistance that the Bitcoin blockchain is known for.
Yala’s offering, featuring a programmable module, lending protocols and stablecoin issuance, tackles Bitcoin DeFi’s interoperability hurdles. Committed to innovation, Yala delivers a full spectrum of DeFi services, including borrowing, staking, insurance, alongside YalaUSD, a BRC-20 stablecoin backed by Bitcoin. Yala’s approach enhances liquidity and utility, paving the way for a more cohesive DeFi ecosystem.
Yala plans to utilize Nubit’s DA capabilities across multiple scenarios, including enhancing the security and transparency of its Oracles, and the DA verification capabilities of Yala’s indexers. These improvements are poised to benefit other Layer 2 rollup solutions, further solidifying Yala’s position as a versatile and robust infrastructure for DeFi applications. Additionally, Yala’s lending protocol will benefit from Nubit’s fast finality, streamlining the DeFi experience for users.
With Nubit’s integration, Yala is on course to offer an infrastructure that is not only more secure and scalable but also capable of supporting a wide array of applications and services. Together, Yala and Nubit wil build a more accessible, transparent and innovative Bitcoin DeFi ecosystem.
About Nubit
Nubit is a scalable and the first Bitcoin-native data availability layer, secured by Bitcoin, for the Bitcoin community. Nubit enables the scaling of Bitcoin’s data capacities without compromises, empowering applications like Ordinals, layer 2s, price oracles, and indexers thus broadening the scope and efficiency of the Bitcoin ecosystem. It leverages the innovative high-performance consensus algorithm and lightning network to inherit the full censorship-resistant nature of Bitcoin.
About Yala
Yala is the modular and programmable layer for Bitcoin. Yala introduces a modular, programmable layer on Bitcoin, enabling seamless integration of DeFi and dApps across various blockchains in a decentralized and trustless way. We aim to improve liquidity and unlock the value of dormant on-chain Bitcoin. Our protocol supports Bitcoin holders and ecosystem participants, boosting Bitcoin’s utility through smart contracts and beyond.
