Yala Announces Redemption Plan: The YU–USDC redemption pool is open for deposits today, with all redemptions to be completed by the end of 2026.
PANews reported on December 15th that Yala announced its redemption plan. The core of the redemption system is the YU-USDC redemption pool, which allows users to deposit eligible assets and withdraw USDC at a 1:1 ratio, subject to monthly redemption limits. Users can redeem the following deposited assets for USDC at a 1:1 ratio: Euler Yala Frontier USDC vault tokens and YU tokens on the Ethereum mainnet (all other on-chain YU tokens must be bridged back to the Ethereum mainnet before redemption; redemption operations can only be performed in USDC). Deposits in the YU-USDC redemption pool will be open from 20:00 Beijing time on December 15, 2025. From January 2026, new USDC quotas will be injected into the redemption pool between the 15th and 25th of each month. Users can choose to withdraw USDC during the current month or withdraw it all at once later. By December 31, 2026, Yala will have completed all YU-USDC redemptions, based on the final outcome of the legal proceedings following the September 14th incident or an updated debt assessment. The team will promptly update the community on any changes arising from these legal proceedings or reassessments.
In November, Yala released an analysis report on the liquidity incident involving its YU token and planned to determine a clear recovery path and other solutions by December 15 .
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