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Yala was taken out by hackers......
The stablecoin YU from Yala cannot be redeemed through official channels, and Pendle has also issued a risk warning.
$YU has experienced a depeg, with OKX DEX showing the price dropping to $0.16 at one point, currently recovering to $0.968.
The official DC response stated: there is currently a lack of liquidity, and they are waiting for replenishment.
At the same time, there are reports that the protocol has been hacked, hoping the related funds are safe.
I don't have the courage to bottom fish YU.
Note: The above is for information sharing only and is not investment advice. Please be sure to do your own research!
DeFi enthusiast: BitHappy

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