Yala announces the integration of Solana, becoming one of the first BTCfi projects to receive support from the Solana Foundation.

On May 19th, in Yala, the Bitcoin-native liquidity layer, it was officially announced that its core asset YU has been launched on the Solana mainnet. This marks a significant milestone in its Bitcoin cross-chain liquidity strategy. After the mainnet launch on May 16th, Yala is accelerating the layout of its ecosystem for the "Bitcoin ultimate liquidity layer". Through this integration, BTC holders can use BTC as collateral to mint YU and directly participate in Solana's high-performance DeFi ecosystem. They can engage in low-cost, composable on-chain yield opportunities while maintaining long-term exposure to Bitcoin. Yala is one of the first BTCfi projects to receive strategic funding and liquidity support from the Solana Foundation. This round of funding includes a $1 million USDC liquidity injection, which will be used to incentivize early users, promote the integration of native DeFi protocols, and further enhance the adoption and liquidity depth of YU on Solana. The official statement mentioned that Solana's scalability and ecosystem vibrancy provide an ideal scenario for unlocking Bitcoin liquidity. Next, Yala will introduce targeted incentives for LPs and traders, carry out deep integration collaborations with Solana protocols, and establish community activities and early contributor reward mechanisms. This launch is a significant starting point for Yala's cross-chain strategy. More ecosystem incentives and integration plans will be launched throughout this summer. Yala will also participate in more interactions and demonstrations at this week's Solana Accelerate conference.