Charlie Garcia
Yala airdrop Guide: Earn ‘Berries’ on bitcoin-Backed Stablecoin Platform
What is Yala?
Yala is a cutting-edge initiative within the decentralized finance (DeFi) field, dedicated to developing a yield-generating stablecoin named YU, which is backed by Bitcoin. The project seeks to combine the storing power of Bitcoin with the adaptability of stablecoins in the DeFi realm. The main feature of Yala, the $YU stablecoin, enables users to create stablecoins by depositing Bitcoin, taking advantage of the reliability and worth of BTC while ensuring the necessary stability for diverse DeFi uses.
Central to Yala’s functionality is MetaMint, a cross-chain system that facilitates the immediate conversion of native BTC into stablecoins on chains compatible with EVM. This process removes the requirement for intermediate wrapping, making the experience much more straightforward for users. The project has attracted notable interest in the crypto community, amassing $8 million during a funding round spearheaded by esteemed investors including Polychain Capital and Ethereal Ventures.
Yala Airdrop Details
Currently, Yala is in its testnet phase, allowing participants to earn “Berries”—airdrop points that could hold significant value once the project officially launches its mainnet and governance token. Below are crucial details regarding the Yala airdrop:
- Status: Active testnet phase
- Token: Participants can earn “Berries” (airdrop points)
- Eligibility: Available to users engaging in testnet activities
- Timeline: The testnet is currently operational; the mainnet and the $YALA token are anticipated to launch in Q1 2025
- Potential Rewards: Although not explicitly mentioned, Berries are expected to convert into $YALA tokens or similar benefits once the mainnet is live
Guide to Participating in the Yala Airdrop
Getting Started with Yala Testnet
- Access the Yala Testnet App
- Connect both your Unisat and Metamask wallets
- Sign the transaction to finalize the connection
Claiming Faucet Tokens
- Select either BTC or ETH faucet (BTC is recommended for this guide)
- Input your Taproot BTC address (which should begin with tb1p…)
- Enter a sum between 0.01 and 0.05
- Complete the captcha verification and submit your request
Depositing into the BTC-YU Vault
- Go to the MetaMint section in the menu
- Specify the amount of BTC you plan to deposit and the corresponding $YU to mint
- Approve the transaction to set up your vault
Note: Confirmations may take a few minutes to several hours due to network congestion
Staking YU Tokens
- Navigate to the Portfolio page
- Click on “Stake YU”
- Indicate the amount of YU you desire to stake based on your current balance
- Confirm the staking transaction
Tip: For every 1 YU staked, you will earn 0.01 Berries per hour
Daily Check-in and Referrals
- Visit the Berries page
- Click on “Check-in” to receive 1 Berry daily
- Share your invite link to refer friends (you earn 15% of the Berries earned by your referrals)
Participating in the Galxe Campaign
- Go to the Yala Galxe Quest
- Complete tasks like following Yala on social platforms, visiting their website, and joining their Telegram group
- Answer the campaign questions (Correct answers: B, A, A, A, A, C)
Additional Ways to Earn Berries
- Finish the Yala community quest available on the welcome page
- Follow @yalaorg on Twitter and link your account for 10 Berries
- Engage with recent tweets from Yala (earn 1 Berry for each like or retweet)
- Provide meaningful feedback on the platform (earn 10 Berries for valuable input)
Maximizing Your Berry Earnings
For maximizing your Berry earnings, consider the following methods:
- Consistent Deposits: Gain 1 Berry for each hour you have 0.001 BTC deposited
- Active Minting: Generate 0.05 Berries for every YU you mint per hour
- Stake Regularly: Accumulate 0.01 Berries hourly for every YU you stake
- Daily Engagement: Remember to check in every day and interact with Yala’s social media platforms
Frequently Asked Questions
What is the purpose of earning Berries?
Berries function as airdrop points, which may convert into rewards or benefits once Yala’s mainnet and $YALA token are launched in Q1 2025.
Is there a minimum amount of BTC required to participate?
Although there is no defined minimum amount, the faucet provides options to claim between 0.01 and 0.05 BTC for testing purposes.
What is the expected duration of the testnet phase?
The specific length has not been determined, but it is anticipated to continue until the mainnet is launched in the first quarter of 2025.
Can I join if I don’t possess real BTC?
Absolutely, you can claim test BTC through the testnet faucet to participate.
Are Berries movable or can they be traded?
At this time, Berries cannot be transferred or traded. They function as points within the testnet setting.
Final Thoughts
The Yala testnet and its airdrop initiative provide a chance for crypto fans to get involved with a promising Bitcoin-supported stablecoin venture. By taking part in the testnet, users can earn Berries, which may lead to rewards upon the mainnet launch and the introduction of the $YALA token. Be sure to keep updated via Yala’s official communication channels for the most current news, and exercise caution when navigating testnet environments.
If you’re interested in other initiatives without existing tokens that may offer governance tokens to early adopters in the future, check out our list of potential retroactive airdrops to ensure you don’t miss the next DeFi airdrop!
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