Yala: Redemption plan to be announced on December 15, native BTC will be removed from the protocol under the institutional model.
Jinse Finance reported that the stablecoin protocol Yala stated on the X platform that all native BTC under Institution Mode will be removed from the Yala protocol. However, YBTC will not be completely destroyed, as some YU remains locked in the Euler pool and cannot be withdrawn, and the YU associated with this Institution Mode address will not enter circulation. This process is entirely independent of retail activities and is specifically designed for institutional counterparties trading under specific terms and with larger positions. This exit will not affect the YU balance or redemption rights of retail users; the YU held by retail users remains fully valid, and the redemption schedule will proceed as planned. The complete redemption plan and schedule will be announced on December 15.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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