YAT Issuance Process

The process of issuing YATs.

As shown in the figure, in order to issue YATs, the following process is taken:

1. Lorenzo selects a group of high-quality PoS chains, with Babylon and the PoS chains in the Babylon ecosystem being supported with priority.

2. Using the committed information (name, issuance starting and ending time, promised earnings, etc.), Lorenzo invokes the LST_Control_Module module on the chain to issue a new Liquid Staking Plan and YATs corresponding to it. Stakers can stake any BTC-equivalent assets, including BTC, wBTC, BTCB, FBTC, and stBTC, to a staking plan.