Yala announces redemption plan: YU–USDC redemption pool opens for deposits today, with all redemptions completed by the end of 2026
PANews December 15 News, Yala announced a redemption plan. The core of the redemption system is the YU–USDC redemption pool, which allows users to deposit eligible assets and withdraw USDC on a 1:1 basis, but is subject to the monthly available redemption quota. Users can redeem the following deposited assets for USDC on a 1:1 basis, including Euler Yala Frontier USDC vault tokens and YU tokens on the Ethereum mainnet (all other chain YU tokens must be bridged back to the Ethereum mainnet before redemption, and redemption can only be executed in USDC). Starting from 20:00 Beijing time on December 15, 2025, the YU–USDC redemption pool will open for deposits. From January 2026, between the 15th and 25th of each month, new USDC quotas will be injected into the redemption pool. Users can choose to withdraw USDC in the current month or withdraw it later in a single transaction. By December 31, 2026, Yala will complete all YU–USDC redemptions based on the final results of judicial procedures following the September 14 incident or updated debt assessments. If any changes occur due to these legal procedures or re-evaluations, the team will update the community promptly. Earlier in November, Yala released an analysis report on the liquidity events of the YU token and planned to determine a clear recovery path and specific solutions by December 15.
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