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Tokenomics
Our token economy is like no other - it's innovative and has been designed with purpose.
Forget everything you know about traditional tokenomics because YSL.IO has been designed to break the mold! Our carefully crafted protocol is purpose-built around a series of tokens, each with its own unique use cases and value propositions - making it unrivaled both in its design and functionality.
Our unique approach involves a series of tokens that all work in concert with our protocol to create a dynamic ecosystem that's focused on Yield, Staking, and Liquidity - a proprietary methodology we like to call YSL-Nomics.
But why did we go to all this trouble? It’s simple: we believe that a strong foundation is essential for any project that wants to go the distance. Without it, even the best projects will crumble. That's why we've gone above and beyond to create a robust protocol that can support a wide variety of use cases and handle whatever challenges come its way.
Plus, with the modular design of our custom-built smart contracts, we can effortlessly roll out new features over time without sacrificing security. This means we’re always ready to evolve in this ever-changing world of DeFi - talk about being scalable and versatile!
So why settle for off-the-shelf projects that lack innovation? Join our ecosystem today and discover a world of possibilities. It's time to say goodbye to cookie-cutter tokenomics and hello to YSL-Nomics!
YSL [Algorithmic]
xYSL [Deflationary]
bYSL [Governance]
USDy [Reward]
- USDy Token Tax Allocation -> 7.5% of every USDy transfer/sale transaction is allocated to the treasury - increasing the YSL protocol price.
- bYSL Token Tax Allocation -> 1.875% of every bYSL transfer/sale transaction is allocated to the treasury - increasing the YSL protocol price.
- xYSL Token Tax Allocation -> 1.875% of every xYSL transfer/sale transaction is allocated to the treasury - increasing the YSL protocol price.
- Price Stability Model (PSM) -> PSM has been designed to protect the protocol value of YSL and encourage long-term participation in the protocol.
- Value Linked to Treasury-Held USDC -> Protocol value increases as Treasury-held USDC increases through 14 revenue streams.
- HydraVault Ecosystem Allocation -> 7.5% of every deposit made into the HydraVaults is allocated to the treasury - increasing the YSL protocol price.
- YSL HydraVault Allocation -> 22.5% of every deposit made into the YSL HydraVault creates YSL-USDC treasury-owned liquidity. To create liquidity, YSL is purchased from the protocol using 11.25% - increasing the YSL protocol price.
- ChainZap Swap Fees -> 50% of the fees collected from every token swap executed through ChainZap is allocated to the treasury - increasing the YSL protocol price.
- V2 Transaction Burn -> 2.5% of every xYSL V2 transfer/sale transaction is sent to the burn address.
- USDy Transaction Burn -> 10% of every USDy transfer/sale transaction will be used to purchase and burn xYSL.
- xYSL HydraVault Allocation -> 22.5% of every deposit made into the xYSL HydraVault creates xYSL-USDC treasury-owned liquidity. To create liquidity, xYSL is purchased using 11.25%.
- Price Stability Model (PSM) -> A state-of-the-art mechanism that has been designed to help stabilise the price of xYSL.
- bYSL AceVault Perpetual Ratio -> 2.5% of every bYSL transfer/sale transaction will be used to increase the ratio of the bYSL AceVault.
- bYSL HydraVault Allocation -> 22.5% of every deposit made into the bYSL HydraVault creates bYSL-USDC treasury-owned liquidity. To create liquidity, bYSL is purchased using 11.25%.
- Price Stability Model (PSM) -> A state-of-the-art mechanism that has been designed to help stabilise the price of bYSL.
- USDy HydraVault -> 60% of every deposit made into the USDy HydraVault creates the equivalent of 120% USDy-USDC treasury-owned liquidity.
- AlphaVaults -> Every deposit mate into the AlphaVaults will be used to create USDy-USDC protocol-owned liquidity.
- HydraVault Ecosystem Allocation -> 37.5% of every deposit made into the HydraVaults creates the equivalent of 75% USDy-USDC treasury-owned liquidity.
- Price Stability Model (PSM) -> A state-of-the-art mechanism that has been designed to help stabilise the price of USDy.
- USDy Buyback and Burn (UBB) -> An essential mechanism that ensures USDy price stability. By initiating automatic buybacks of USDy, the mechanism helps counteract selling pressure and supports the token's value.
- USDy Incentive Buyback (UIB) -> A strategic incentive mechanism within the ChainZap liquidity aggregation protocol aimed at boosting the value of USDy.
Last modified 6d ago