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The Yala Protocol is a cutting-edge DeFi platform designed to bridge Bitcoin liquidity across multiple ecosystems, unlocking new potential for the digital currency. At its core is $YU, a Bitcoin-collateralized stablecoin that maintains a soft peg to the US dollar. By transforming Bitcoin from a store of value into a versatile asset, Yala aims to power decentralized finance and advanced applications within the Bitcoin ecosystem.

Through Yala Finance’s modular infrastructure, users can borrow over-collateralized $YU stablecoins by depositing BTC or UTXO assets. Once acquired, $YU can be used to access and generate earnings from a range of DeFi protocols across diverse ecosystems, enhancing Bitcoin’s utility in decentralized finance.

Yala testnet just launched, time to see how we can position ourselves for a potential airdrop!

Step by Step Guide

Needed

– For this testnet we need an EVM wallet, like Metamask.
– We also need a Unisat wallet.
– Download both wallets and set them up.
– Unisat: https://unisat.io/
– Metamask: https://metamask.io/

Create account

– Visit: Testnet
– Click connect BTC wallet and connect your unisat wallet ( Taproot Testnet )
– Next click the Destination Chain Wallet and connect your EVM wallet ( Sepolia )

Claim Testnet faucets

– Visit: https://app-testnet.yala.org/faucet
– Enter a testnet BTC address that starts with ‘tbtc’.
– Enter the amount. (choose max amount)
– Complete captcha.
– Click “Submit”
– You will receive testnet bitcoin in 30 minutes till a few hours.
– Visit: https://app-testnet.yala.org/faucet/indexETH
– Enter EVM address.
– Enter the amount. (choose max amount)
– Complete captcha.
– Click “Submit”

Mint $YU

– Visit: https://app-testnet.yala.org
– In the value section, enter the amount of BTC you want to deposit.
– Deposit a minimum of 0.001 BTC. The more you deposit, the more you earn.
– Click “Approve” & sign in Unisat wallet.
– In the percentage section, enter the amount of BTC you wish to deposit.
– Select collateralization ratio.
-Click “Create vault” & approve in wallet.
– It takes at least 1 hour to mint $YU.

Stake $YU

– Visit: https://app-testnet.yala.org/portfolio?index=4
– Click “Stake YU”
– In the stake section, enter the amount of $YU you wish to stake.
– Click “Stake” & approve in wallet.

Daily Check-in & Referral

Visit: https://app-testnet.yala.org/berries
Click the check-in button every day to claim 1 berry.
On this page you will also find your referral link.
Copy the link and share with your friends.

Submit feedback

– Click the button in the green area to submit feedback.
– Provide feedback.
– Enter Email.
– Upload a screenshot of your dashboard / position.
– Send feedback to receive points.

Galxe tasks

– Visit: https://app.galxe.com/quest/yala/GCaSPtK3N8
– Complete all social tasks.
– Complete quiz.
– Answers : B,A,A,A,A,C.
– Claim points.

That’s all for now. We hope you find value in this guide.

Share this information with your friends on X or Tokenhunters Social and become eligible together!

Make sure to follow us on twitter and hit that notification button!

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5 votes, average: 4.00 out of 55 votes, average: 4.00 out of 55 votes, average: 4.00 out of 55 votes, average: 4.00 out of 55 votes, average: 4.00 out of 5 (5 votes, average: 4.00 out of 5)
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5 Comments
  1. =)

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  2. Testnet airdrops are my favorites!.

    avataravataravataravataravatar
  3. Testnet not allowed in the UK 🙁

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  4. nice

    avataravatar
  5. Starting!

    Leave a reply

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    2,500 GEMS REFERRAL BONUS

    Did you find an airdrop guide with a referral link and use it to join the project?
    If so, you’re eligible to claim 2,500 GEMS for using our referral link.

     

    Head to the Support channel in our Discord, submit proof that you used the referral link/code, and include the URL of the airdrop guide where you found it to claim your 2,500 GEMS.

     

    Please note this is a notification only. For any questions, contact us in discord or email us at support@tokenhunters.xyz

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    Airdrop Report

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    Please note that these are only notifications. We can’t reply. If you have any question you would like to receive an answer please send us an email to mail@tokenhunters.xyx