Yala announced its official launch on Solana, becoming one of the first BTCFi projects to collaborate with the Solana Foundation
ChainCatcher news, Bitcoin's native liquidity layer Yala officially announces that its core asset $YU has officially launched on the Solana mainnet, marking an important milestone in its multi-chain liquidity strategy for Bitcoin. Following the mainnet launch on May 16, Yala is accelerating its ecological layout for the "ultimate liquidity layer for Bitcoin."Through this integration, BTC holders can use BTC as collateral to mint $YU and directly utilize it in Solana's high-performance DeFi ecosystem, participating in low-cost, composable on-chain yield opportunities while maintaining long-term exposure to Bitcoin.This deployment has also received official support from the Solana Foundation, and both parties will collaborate on cross-chain compatibility, technical integration, and developer ecosystem incentives to further promote the native release of Bitcoin liquidity on the Solana network.Officials stated that Solana's scalability and ecological activity provide an ideal scenario for the release of Bitcoin liquidity. Next, Yala will successively launch targeted incentive programs for LPs and traders, deep integration cooperation with Solana protocols, as well as community activities and early contributor reward mechanisms.This launch is an important starting point for Yala's cross-chain strategy, and more ecological incentives and integration plans will be rolled out this summer. Yala will also engage and showcase at this week's Solana Accelerate conference.