Turns out, Yala depegged back in September Just two months later, it depegged again. Euler's YU lending vault was drained by a suspicious address, and YU liquidity pools on DEXs like Raydium were also drained. The strategy of BTCfi + YBS generating base yield + Morpho, Euler, and Pendle cycling to create Alpha yield has a complex risk structure. If any part goes wrong, the principal is gone. Comparing the overall risk and return, it’s honestly better to just deposit directly into AAVE.