Yala launches its mainnet on Ethereum and Solana

According to Foresight News, The Block reported that Yala, the native liquidity protocol for Bitcoin, announced the launch of its mainnet on Ethereum and Solana. Yala has launched YU, a liquidity asset supported by BTC that allows users to unlock funds through self managed, clearing free lending. Users can mint YU by depositing Bitcoin, thereby obtaining liquidity that can be deployed in DeFi and RWA protocols. All profits are distributed through a mechanism: the borrower directly pays a stabilization fee to the depositor. Yala plans to expand its partner integration and community activities in the coming months, with a focus on access institutions, ecosystem incentives, and DAO governance. Yala recently completed an $8 million seed round financing led by Polychain Capital and Ethereal Ventures, with strategic angels and infrastructure partners also participating.