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Yala Labs offers a DeFi platform for Bitcoin users to borrow stablecoins and access DeFi applications.
Founded in 2024 in the US, Yala Labs provides a decentralized finance platform with over-collateralized stablecoins for Bitcoin users. Services include borrowing, staking, restaking, liquidity mining, and infrastructure for EVM-based protocols and native Bitcoin assets. In October 2024, it raised USD 8 million in seed funding co-led by Polychain Capital and Ethereal Ventures, with participation from Galaxy Digital Partners, Anagram, Amber Group, ABCDE Capital, Ambush Capital, GeekCartel, HashKey Capital, L2 Iterative Ventures (L2IV), Satoshi Lab, UpHonest Capital, UTXO Management, and 280 Capital Ltd.
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