The current price of Yala is $0.172909 in USD. As of now, a total of 993.7M yala are in circulation across the market. Yala has experienced a price change of -7.62% in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, Yala trading volume on crypto exchanges has reached $6.1M.
Description
Yala Token (YALA) is the governance and utility token of the Yala protocol, a Bitcoin-centred system that issues an over-collateralised BTC-backed asset (YU) and coordinates credit, liquidations and risk controls across chains. YALA aligns incentives and provides cryptoeconomic security: depositors earn YALA for backstopping liquidations via the Stability Pool; stakers secure the Notary Bridge and LayerZero-based verifier networks. As part of the stabilisation design, keepers bid with YALA in surplus and debt auctions, moving tokens to or from a Reserve Pool to help recapitalise the system when required. Governance uses YALA and vote-escrowed veYALA to propose and vote on parameters, upgrades and gauge weights that steer emissions and incentives. YALA also supports ecosystem growth via targeted liquidity programmes and grants. The founders include Kaitai Chang, Bin Liu and Vicky Fu.
yala Markets
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