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Yala: The redemption plan is scheduled to be announced on December 15, and the native BTC will be removed from the protocol in the institutional model.
Golden Finance reports that the stablecoin protocol Yala stated on the X platform that all native BTC under the Institution Mode will be removed from the Yala protocol, but YBTC will not be completely destroyed, as part of the YU is still locked in the Euler pool and cannot be withdrawn. YU associated with this institutional mode Address will not enter circulation. This process is entirely independent of retail investor activities and is designed specifically for institutional counterparties that trade under specific terms and have larger Holdings. This exit will not affect retail investors' YU balances or redemption rights; the YU held by retail investors remains fully valid, and the redemption schedule will proceed as planned. The complete redemption plan and schedule will be announced on December 15.