Yala

How to Farm Yala Airdrop Rewards

Setting Up Your Wallets

1. Install the Unisat wallet extension for Bitcoin transactions and a compatible EVM wallet like Rabby for Ethereum-based interactions
2. Fund your Unisat wallet with BTC (you can purchase BTC on Binance and withdraw to your Unisat wallet)
3. Visit Yala’s official website and connect both wallets
4. Ensure you have some ETH on mainnet in your EVM wallet for gas fees
   • Get some ETH from Binance or bridge with Rhino

Earning Berries Through On-Chain Activities

Method 1: Deposit BTC and Stake YU

1. Click on the green Bitcoin icon in the top right corner of Yala’s interface
2. Deposit your BTC to receive YBTC (wrapped Bitcoin on Yala)
3. Navigate to the “Convert” function to swap USDC for YU tokens
4. Alternatively, go to the MetaMint YU page to mint YU directly with USDC
5. Stake your YU in the Stability Pool to earn rewards at a rate of 0.15 Berries per YU deposited per hour

Method 2: Open Collateralized Positions

1. Use your YBTC as collateral to open positions
2. This activity earns you 0.05 Berries per USD value per hour
3. Go to the “Positions” tab and follow the instructions to set your collateral ratio

Method 3: Mint YU via MetaMint

1. Navigate to the MetaMint section on Yala
2. Use your YBTC to mint YU tokens
3. Earn 0.6 Berries per YU minted per hour

Method 4: Hold YU in Your Wallet

1. Simply hold YU tokens in your connected wallet
2. Earn 0.1 Berries per YU per hour without any additional action required

Method 5: Provide Liquidity to AMMs

1. Visit Uniswap V3 and connect your wallet
2. Supply liquidity for the $YU/USDC or WBTC/YBTC pairs
3. Set a 0.01% fee tier (this is important for eligibility)
4. Configure your price range within 1% for optimal rewards
5. Stake your LP NFT positions on Yala’s “Earn > Farming” page
6. Earn 0.2 Berries per YU per hour plus standard swap fees

Method 6: Interact with RateX

1. Visit the RateX platform.
2. Supply $YU LP to fuel RateX’s yield trading markets and earn trading fees, embedded yield, and LP incentives.
3. PT-YU enables users to earn a fixed $YU yield by holding the newly acquired PT until the stated maturity date.
4. Providing $YU liquidity on Solana and buying Yield Tokens also earns you Berries with a 6x multiplier, Yala’s native reward system that amplifies your yield farming participation, plus 5x RateX points, additional incentives within the RateX ecosystem.

Earning Ice Berries Through Off-Chain Activities

Initial Setup

1. Complete a one-time wallet connection on Yala’s platform to earn 10 Ice Berries

Social Engagement

1. Follow Yala on Twitter to earn 10 Ice Berries (one-time reward)
2. Engage with Yala’s Twitter posts:
   • Like or retweet posts to earn 1 Ice Berry per interaction
   • Maximum of 10 Ice Berries per day for each action type

Daily Activities

1. Check in daily on the Yala platform to earn 1 Ice Berry per day
2. Submit feedback (minimum 30 words with a screenshot) to earn 10 Ice Berries per submission (maximum 5 per day)

Referral Program

1. Generate your unique referral link from your Yala dashboard
2. Share your link with friends and crypto communities
3. Earn 8% of the Berries your referrals generate through Vault openings or YU minting
4. For example, if your referral earns 100 Berries per hour through MetaMinting YU, you receive 8 Ice Berries per hour

Frequently Asked Questions

What is the difference between Berries and Ice Berries?

Berries are earned through on-chain activities like providing liquidity, staking, and opening positions. Ice Berries are earned through off-chain activities such as social engagement and referrals. Both will contribute to your potential airdrop allocation.

How secure is the Yala protocol?

Yala builds on Bitcoin’s security model while expanding functionality across multiple blockchains. The protocol has received backing from reputable investors like Polychain Capital and Ethereal Ventures, suggesting some level of technical vetting. However, as with all DeFi protocols, users should exercise caution and only commit funds they can afford to risk.

Can I participate without owning Bitcoin?

While Bitcoin is central to Yala’s ecosystem, you can participate in some activities using USDC on Ethereum mainnet. However, to maximize your rewards potential, having access to BTC offers the most comprehensive participation options.

How important is the Uniswap liquidity provision?

Providing liquidity on Uniswap V3 with the specific parameters (0.01% fee tier and narrow price range) is one of the higher-yielding activities for earning Berries. It’s particularly valuable if you plan to hold YU tokens long-term.

When will the $YALA token be distributed?

While no exact date has been announced for the token distribution, active participation during the current farming phase positions users for potential future rewards. Stay connected with Yala’s official channels for announcements.

What is the purpose of earning Berries?

Berries serve as airdrop points, potentially translating to rewards or advantages when Yala launches its $YALA token.

Is there a minimum amount of BTC required to participate?

While there’s no strict minimum, the more BTC you deposit, the more Berries you can earn.

Conclusion

Conclusion
Yala presents an interesting opportunity for Bitcoin holders to participate in DeFi activities while potentially qualifying for the $YALA token airdrop. By bridging Bitcoin liquidity across multiple ecosystems, the protocol addresses a significant gap in the current DeFi landscape. Whether you’re a Bitcoin maximalist looking to put your BTC to work or a DeFi enthusiast interested in new yield opportunities, Yala’s dual reward system of Berries and Ice Berries provides multiple pathways to engage with the protocol.
As with all emerging DeFi protocols, participants should conduct their own research and exercise appropriate risk management. The most successful airdrop farmers will likely be those who engage consistently across multiple activities rather than pursuing a single high-yield strategy.

The Yala airdrop campaign offer an opportunity for crypto enthusiasts to engage with a promising Bitcoin-backed stablecoin project. By actively participating in the mainnet campaign, users can accumulate Berries and Ice Berries, potentially positioning themselves for rewards when Yala its $YALA token.

Remember to stay updated with Yala’s official channels for the latest information and always practice caution when interacting with testnet environments.