Yala announces redemption plan: YU-USDC redemption pool opens for deposits today, with all redemptions to be completed by the end of 2026 Yala has announced a redemption plan, with the core of the redemption system being the YU-USDC redemption pool. This pool allows users to deposit eligible assets and withdraw USDC at a 1:1 ratio, subject to the monthly available redemption limit. Users can redeem the following deposited assets as USDC in a 1:1 ratio, including Euler Yala Frontier USDC vault tokens and YU tokens on the Ethereum mainnet (all YU tokens on other chains must be bridged back to the Ethereum mainnet before redemption can be performed, and redemption operations can only be performed in USDC). Starting from 20:00 Beijing time on December 15, 2025, the YU-USDC redemption pool is open for deposits. Starting from January 2026, new USDC quotas will be injected into the redemption pool from the 15th to the 25th of each month. Users can choose to withdraw USDC in the current month or withdraw it all at once later. By December 31, 2026, Yala will complete all YU-USDC redemptions based on the final outcome of judicial proceedings following the events of September 14 or updated debt assessments. If there are any changes due to these legal procedures or reassessments, the team will promptly update the community with information. In November, Yala released an analysis report on YU token liquidity events and plans to determine a clear recovery path and other plans before December 15th.