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The current real-time price of YBTC is $75,723. In the past 24 hours, YBTC has traded between $75,723 and $76,326, showing strong market activity. The all-time high of YBTC is $121.808K, and the all-time low is $73,654.
From a short-term perspective, the price change of YBTC over the past 1 hour is , over the past 24 hours is -0.38%, and over the past 7 days is -0.79%. These figures provide a quick overview of the latest price trends and market dynamics of YBTC on LBank.-0.09%
The live price of YBTC today is $75,723, with a current market cap of $0. The 24-hour trading volume is 220.16. The price of YBTC to USD is updated in real time.
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Before deciding whether to buy or sell YBTC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s YBTC technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for YBTC.
How much will YBTC be worth tomorrow, next week, or next month in ? What about your YBTC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! YBTC Price Prediction
To learn more about YBTC, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0xa974...db32b9  | 499 | 99.76% |
ethereum | 0x819c...371e9c | 499 | 99.76% |
ethereum | 0x9593...b1e7fe | 0 | 0% |
ethereum | 0x4dab...6497b5 | 0 | 0% |
ethereum | 0x1fb2...13e55a | 0 | 0% |
Other | -497.812 | -99.53% |
Yala aims to integrate Bitcoin into the DeFi ecosystem, allowing BTC holders to access yield opportunities and overcome Bitcoin's native interoperability limitations. Its value proposition is enabling users to retain their BTC on the mainnet while utilizing a tokenized representation (yBTC) within DeFi, with the YU stablecoin offering further yield generation and broad utility.
Yala uses a Notary Bridge to mint yBTC, a tokenized version of Bitcoin, by users staking native BTC. This yBTC then serves as collateral for minting the YU stablecoin. Yala distinguishes itself by allowing users to keep their BTC in their own wallet or on the Bitcoin mainnet while minting yBTC as a certificate, unlike conventional bridges that typically lock the asset in a smart contract.
Significant risks include smart contract vulnerabilities and cross-chain bridge exploits. The YU stablecoin depegged due to a sophisticated cross-chain exploit, leading to unauthorized YU minting and asset drain. Yala addresses these by drawing from MakerDAO's security framework, including robust risk management, adjusted Loan-to-Value (LTV) ratios, and mandatory insurance for higher-risk activities.
Yala BTC (ybtc) is a wrapped version of Bitcoin obtained by users staking native BTC. This yBTC then serves as collateral to mint the YU stablecoin through an over-collateralization mechanism with adjustable LTV ratios. The YALA token plays a role in the ecosystem for rewards and governance, incentivizing participation in various protocol activities like depositing BTC for yBTC, staking YU, and providing liquidity.
The provided information emphasizes that the credibility and experience of the development team are crucial in the Web3 space for any project's success. While specific details about the Yala team's individual members or their track records are not elaborated here, the project acknowledges the importance of a strong team for building trust and ensuring robust development and security.
Yala provides multiple modes for securing deposited BTC assets. These options include self-custody, a 'Lite mode' that utilizes MetaVault, and a 'Pro-Mode' where private keys are managed by a third-party security expert. This tiered approach aims to offer users flexibility in how they choose to secure their Bitcoin while participating in the protocol.
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