Odaily Planet Daily News Yala announced that it has completed major repair measures for the September 14 attack.
The announcement stated that all unauthorized $YU minting has been destroyed, liquidity has been restored, and $YU has returned to its peg. Users can redeem USDC 1:1 through the Convert function, and the cross-chain Bridge function has been restored simultaneously.
Regarding incentives, Kamino is now live, and Euler, Pendle, and other incentives and bribes will be rolled out over the next 1-2 days. Meanwhile, Yala has launched its "Double Berries" loyalty program, which will run until December 8th (the second quarter airdrop snapshot).
For users whose cross-chain transfers have yet to arrive, Yala has opened a compensation application form, and expects to review and pay compensation within 1-4 weeks. Yala stated that the protocol has upgraded its security mechanisms and will operate with greater stability in the future.
