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1. What is the onvercollateralization ratio and how are the interest rates calcuated?
Yala Foundation would decide the over-collateralization ratio, and the market participants would set the interest rates as the latter evolve depending on the offer and demand.
2. What are the sources of income for the protocol?
Our revenue stream comprises 3 sources:
Infrastructure tools: Fees from partner builders using Oracle service.
Application protocol: Fees from partner protocols' staking rewards.
Stablecoin: Stability fees paid in $Yala token, akin to an interest rate for generating YU, and liquidation fees for the collateral liquidation process when its value falls below a specific threshold.
3. What is your GTM strategy?
Our go-to-market strategy aims to position Yala as a key infrastructure for Bitcoin DeFi and ecosystems:
Pre-launch Stage: Build recognition for the Yala Protocol, aiming to partner with 10-15 key projects and grow our community to 200,000 members.
Launch Stage: Achieve widespread adoption of our architecture, lending protocol, and stablecoin. Success will be measured by the ecosystem's Total Value Locked (TVL) and establishing around 10 distribution channels with exchanges, wallets, and payment platforms for user accessibility.
Post-launch, Develop a decentralized governance framework, aiming for a foundation governed by and belonging to the DAO. This strategy leverages the network effect, with partners, community, and developers as vital stakeholders. The token will catalyze network growth, enabling decentralized collaboration. Additionally, decentralized governance ensures fair revenue allocation among participants.
4. What are the current partners?
Yala has partnered with the following protocols:
Babylon for restaking: As a delegate, Yala lets users stake BTC directly on Babylon via a dedicated module on Yala, and information is synchronized via API. As a result, Yala users can not only stake BTC but also pledge inscription assets to borrow additional BTC on Yala to stake on Babylon. This strategic initiative enhances yield generation for Yala's users and has transformed a prominent player in the Bitcoin DeFi ecosystem into one of our stakeholders.
Layer2 (L2) Botanix for applications: Botanix is an EVM equivalent decentralized platform built on Bitcoin. Yala will develop a Black module on Botanix to endow the Yala protocol with smart contract capabilities.
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