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Yala: Has noted the community's concerns about the stablecoin YU and is actively investigating.

On November 16, the stablecoin protocol Yala stated that it has noted the recent concerns from the community and is actively investigating, with more updates to be released soon. Yesterday, the DeFi community YAM published a post indicating that Yala's stablecoin YU has shown suspicious circumstances similar to USDX, with related addresses borrowing USDC at extremely high interest rates but never repaying. A certain address closely related to Yala is fully borrowing USDC and most of the YU funds from the Yala Frontier market on Euler, despite the interest rates remaining high, but there has been no repayment action. Currently, the market's capital utilization rate has reached 100%, which means lenders cannot withdraw any liquidity. The Euler team has also set the borrowing limit for Yala's market on Frontier to zero. YAM added that currently, YU still maintains its pegged exchange rate on Solana, with nearly a million USDC remaining in its liquidity pool available for price exit, and this article serves more as a risk warning, as it is still uncertain whether Yala is truly in trouble.

YALA6.82%
EUL-3.5%
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