Yala partners with Stacks to enhance liquidity in the Bitcoin ecosystem

ChainCatcher news, Bitcoin liquidity and native stablecoin DeFi project Yala announced on social media a strategic partnership with leading Bitcoin Layer 2 solution Stacks. This collaboration is expected to significantly enhance Bitcoin's scalability and DeFi capabilities, further boosting liquidity in the Bitcoin ecosystem.

It is reported that Yala has addressed interoperability issues in the Bitcoin DeFi ecosystem by building programmable modules on Bitcoin inscriptions, providing lending, staking, and insurance functionalities for the Stacks ecosystem, while also launching the Bitcoin-backed native stablecoin YU. Yala's innovative initiatives not only pave new paths for Bitcoin DeFi but also open avenues for cross-system integration within the entire DeFi ecosystem.

The core of this collaboration is to integrate YU with multiple DeFi protocols on Stacks, with partners including Bitflow, Alex, Velar, and Zest. As a native stablecoin of Bitcoin, YU aims to bring stability and liquidity to the Stacks DeFi ecosystem.