Yala Airdrop Guide: Earn ‘Berries’ on Bitcoin-Backed Stablecoin Platform​

What is Yala?​

Yala is an innovative project in the decentralized finance (DeFi) space, focusing on creating a Bitcoin-backed, yield-earning stablecoin called YU. The project aims to bridge the gap between Bitcoin’s value storage capabilities and the flexibility of stablecoins in the DeFi ecosystem. Yala’s core offering, the $YU stablecoin, allows users to mint stablecoins by depositing Bitcoin, leveraging the security and value of BTC while providing the stability needed for various DeFi applications.

At the heart of Yala’s technology is MetaMint, a cross-chain protocol that enables the instant conversion of native BTC into stablecoins on EVM-compatible chains. This eliminates the need for intermediate wrapping, significantly simplifying the user experience. The project has garnered significant attention in the crypto community, raising $8 million in a funding round led by prominent investors such as Polychain Capital and Ethereal Ventures.

Yala Airdrop Details​

Yala is currently running phase 3 of their testnet, offering users the opportunity to earn “Berries” – airdrop points that are likely to be valuable when the project launches its mainnet and governance token. Here are the key details of the Yala airdrop:

• Status: Active testnet phase
• Token: Users can earn “Berries” (airdrop points)
• Eligibility: Open to users who participate in the testnet activities
• Timeline: Testnet is live now; mainnet and $YALA token launch expected in Q1 2025
• Potential Rewards: While not explicitly stated, Berries are likely to translate into $YALA tokens or other benefits upon mainnet launch

Step-by-Step Guide:

Latest Update: Yala Introduces Testnet V3​

Yala has launched version 3 of their testnet, bringing several significant improvements to the platform. This update introduces enhanced collateral mechanisms, expanded earning opportunities, and a more intuitive user experience.

Key New Features​

• Stability Pool & Convert Functionality: A new Earn section combines the Stability Pool (deposit $YU to earn liquidation gains and token rewards) with the Convert feature (seamless swaps between $YU and USDC)
• Multi-Collateral CDP Upgrades: Enhanced collateralized debt position mechanisms
• NFT Launch & Giveaway: Yala’s first-ever NFT collection debuts with Testnet V3
• Berryboard Boosts: New earning rules replace the previous leaderboard system
• Streamlined UI/UX: Improved user interface and experience

NFT Benefits​

The new NFT collection offers several advantages:

• Mainnet users can earn additional Berries with multipliers based on NFT levels
• Exclusive NFT giveaways for active testnet participants
• Higher testnet Berries rankings increase chances of claiming an NFT

Updated Berries Earning System​

Berries remain central to Yala’s testnet reward system with new earning mechanisms:

• Earn 0.03 Berries per hour for every 1 $YU staked in the Stability Pool
• Earn 1 Berry for every 1 USDC converted to $YU
• Additional earning opportunities through NFT campaigns

For complete details about Yala v3, visit the official blog post.

Guide to Participating in the Yala Airdrop​

Getting Started with Yala Testnet​

1. Visit the Yala Testnet App
2. Connect both your Unisat and Metamask wallets
3. Sign the transaction to complete the connection

Claiming Faucet Tokens​

1. Choose between BTC or ETH faucet (BTC recommended for this guide)
2. Enter your Taproot BTC address (starts with tb1p…)
3. Input an amount between 0.01 and 0.05
4. Verify the captcha and submit

What’s New in The Testnet Phase 2?​

The testnet phase has new stake and unstake functions.

• You can deposit BTC to receive YBTC and withdraw YBTC to receive BTC with a 1:1 ratio.
• You can earn 24 berries for every 0.001 BTC you deposit to obtain YBTC.
• Key Update 2: YU/YBTC Liquidity Points Plan Testnet v2 now includes the YU/YBTC liquidity points plan. Here’s how it works:
  • Add Liquidity: Add YU/YBTC liquidity on Uniswap to get LP tokens.
  • Stake LP Tokens: Stake these tokens on Yala.
  • Earn Rewards: For every 1 $YU worth of LP tokens staked, you earn 0.04 Berries per hour.
• For more details, visit this official announcement.

Depositing into the BTC-YU Vault​

1. Navigate to the MetaMint tab in the menu
2. Input the amount of BTC you wish to deposit and the corresponding amount of $YU to mint
3. Approve the transaction and create your vault

Note: Confirmations may take several minutes to hours due to network congestion

Staking YU Tokens​

1. Go to the Portfolio page
2. Click on “Stake YU”
3. Enter the amount of YU you wish to stake based on your balance
4. Confirm the staking transaction

Tip: For every 1 YU staked, you earn 0.01 Berries per hour

Daily Check-in and Referrals​

1. Visit the Berries page
2. Click on “Check-in” to earn 1 Berry per day
3. Copy your invite link to refer friends (you earn 15% of the Berries your referrals make)

Participating in the Galxe Campaign​

1. Head to the Yala Galxe Quest
2. Complete tasks such as following Yala on social media, visiting their website and docs, and joining their Telegram community
3. Answer the campaign questions (Answers: B, A, A, A, A, C)

Additional Ways to Earn Berries​

1. Complete the Yala community quest on the welcome page
2. Follow @yalaorg on Twitter and connect your account for 10 Berries
3. Engage with Yala’s recent tweets (1 Berry per like or retweet)
4. Provide quality feedback on the platform (10 Berries per valuable feedback)

Maximizing Your Berry Earnings​

To optimize your Berry accumulation, consider these strategies:

• Consistent Deposits: Earn 1 Berry per hour for every 0.001 BTC deposited
• Active Minting: Gain 0.05 Berries per hour for each YU minted
• Stake Regularly: Accumulate 0.01 Berries per hour for every YU staked
• Daily Engagement: Don’t forget to check in daily and interact with Yala’s social media

Frequently Asked Questions​

What is the purpose of earning Berries?​

Berries serve as airdrop points, potentially translating to rewards or advantages when Yala launches its mainnet and $YALA token in Q1 2025.

Is there a minimum amount of BTC required to participate?​

While there’s no strict minimum, the faucet allows claiming between 0.01 and 0.05 BTC for testing purposes.

How long will the testnet phase last?​

The exact duration isn’t specified, but it’s expected to run until the mainnet launch in Q1 2025.

Can I participate if I don’t have real BTC?​

Yes, you can use the testnet faucet to claim test BTC for participation.

Are the Berries transferable or tradeable?​

Currently, Berries are not transferable or tradeable. They serve as points within the testnet ecosystem.

Conclusion​

The Yala testnet and airdrop campaign offer an opportunity for crypto enthusiasts to engage with a promising Bitcoin-backed stablecoin project. By actively participating in the testnet, users can accumulate Berries, potentially positioning themselves for rewards when Yala launches its mainnet and $YALA token. Remember to stay updated with Yala’s official channels for the latest information and always practice caution when interacting with testnet environments.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

• Airdrop Link: Join the Testnet Now

• Total value: n/a

• Airdrop confirmed

• Platform: BTC

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