Yala allows Bitcoin holders to mint an overcollateralized stablecoin ($YU) against BTC and deploy it across DeFi and RWA strategies to earn yield, charging borrowing and liquidation fees.

Yala is a Bitcoin-native DeFi protocol issuing YU, a Bitcoin-collateralized stablecoin that unlocks BTC liquidity across Ethereum, Solana, and Base ecosystems.

Yala was co-founded by Kaitai Chang (ex-Binance Labs), Bin Liu (co-founder of Alchemy Pay), and Vicky Fu (ex-Circle), with $8M in seed funding from Polychain Capital.

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Stablecoin issuers

Yala

# Token turnover (fully diluted) Methodology

## Overview

Token turnover (fully diluted) measures how frequently a project's token changes hands relative to its fully diluted market cap. It is calculated as the average daily token trading volume divided by the fully diluted market cap, indicating liquidity and trading activity relative to the token's total potential valuation.

${token_trading_volume} / ${market_cap_fully_diluted}

Average daily token trading volume divided by fully diluted market cap.

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Token turnover (fully diluted)

Token turnover (fully diluted)

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