Yala will remove institutional native BTC holdings while retaining YBTC partially due to locked assets, with retail balances and redemption rights unaffected ahead of Dec. 15 plan release.
Yala announced it will remove all institutional-mode native Bitcoin from its protocol, while retaining some YBTC due to assets locked in Euler pools. The company confirmed retail user balances and redemption rights remain unaffected. A detailed plan outlining the withdrawal process and asset management strategy will be released on Dec. 15.