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Token Taxes
Our taxation infrastructure creates a virtuous cycle that helps fuel the growth and development of our ecosystem!
The YSL.IO ecosystem is built on the idea of a virtuous circle - everyone benefits when we're all working together to create a more resilient and healthier ecosystem.
And our taxation infrastructure is a big part of that. Not only does it promote behaviors that support the health of our protocol, but it also rewards our amazing community for their participation. Plus, with the majority of our token taxes being redeployed back into the ecosystem, our protocol is constantly stimulating existing users while incentivising even more users to jump on board.
As this virtuous cycle continues, we'll see more and more tax revenue pouring in at every turn, fueling the growth and development of our ecosystem. It's a positive feedback loop of value creation that benefits everyone!
- All tokens on the YSL.IO platform are subject to the taxation infrastructure. However, the rate and taxable events may differ based on the specific token involved. The number of tokens collected as tax will be calculated based on the value of the transaction and the applicable tax rate. The tables below offer a comprehensive breakdown of the applicable rates and the taxable events for each token:
YSL Taxable Event (Pool) | Tax Applicable |
|---|---|
Buy | 0% |
Sell | 0% |
Transfer | 0% |
YSL Taxable Event (Protocol) | Tax Applicable |
|---|---|
Buy (Minted) | 10% |
Sell (Burned) | 30% |
xYSL Taxable Event | Tax Applicable |
|---|---|
Buy | 0% |
Sell | 5% |
Transfer | 5% |
bYSL Taxable Event | Tax Applicable |
|---|---|
Buy | 0% |
Sell | 5% |
Transfer | 5% |
USDy Taxable Event | Tax Applicable |
|---|---|
Buy | 0% |
Sell | 30% |
Transfer | 30% |
Phoenix Ape Taxable Event | Tax Applicable |
|---|---|
Buy | 12.5% |
Sell | 12.5% |
Rent | 10% |
Mint | 0% |
- The tokens collected from token taxes on the YSL.IO protocol are redeployed in various ways that benefit the participants and help to grow the ecosystem. A detailed breakdown of how the revenue collected from token taxes is redistributed can be found in the tables provided below:
YSL (10% Mint Tax) | Tax Redeployment | Tax Allocation |
|---|---|---|
USDC | Treasury | 10% |
YSL (30% Burn Tax) | Tax Redeployment | Tax Allocation |
|---|---|---|
USDC | Treasury | 15% |
USDC | USDy-USDC LP | 15% |
xYSL (5% Tax) | Tax Redeployment | Tax Allocation |
|---|---|---|
USDC | Treasury | 2.5% |
xYSL | Burn Address | 2.5% |
bYSL (5% Tax) | Tax Redeployment | Tax Allocation |
|---|---|---|
USDC | Treasury | 2.5% |
bYSL | bYSL AceVault | 2.5% |
USDy (30% Tax) | Tax Redeployment | Tax Allocation |
|---|---|---|
USDC | Treasury | 10% |
USDC | Referral Program | 10% |
xYSL | Purchase & Burn | 10% |
Phoenix Ape (10% Rent Tax) | Tax Redeployment | Tax Allocation |
|---|---|---|
USDC | NFT UBOs | 5% |
USDC | USDy-USDC LP | 5% |
Phoenix Ape (12.5% Trade Tax) | Tax Redeployment | Tax Allocation |
|---|---|---|
USDC | NFT UBOs | 5% |
USDC | USDy-USDC LP | 5% |
USDC | OpenSea Marketplace | 2.5% |
- The Claim All function allows you to claim all your unclaimed rewards with a single action. Using the Claim All function can save users time and effort by allowing them to claim their entire balance of unclaimed rewards with a single action, rather than claiming them individually. This can be especially useful for users who have a large balance of unclaimed rewards and want to easily access and utilize them.
- The Stake All function allows you to stake all your unclaimed rewards with a single action. Using the Stake All function can save users time and effort by allowing them to stake their entire balance of unclaimed rewards with a single action, rather than staking them individually. This can be especially useful for users who have a large balance of unclaimed rewards and want to maximize their potential returns from staking.
- The Transfer All function allows you to transfer your entire balance to another wallet without any transaction taxes. That's right - no tax. So, if you're looking to consolidate your balances or simply want to move your balance to a different wallet altogether, Transfer All is for you!
- For example, lets say you hold 100 bYSL in wallet A but want to transfer the balance to your new wallet - wallet B. By utilizing Transfer All you'll avoid the 5% transaction tax that is applicable when the token is transferred. As a result, you'll be able to move your 100 bYSL to wallet B without losing 5% of your balance!
Please note: this function does not permit the splitting of balances. As the name suggests, this function will only allow you to transfer your entire balance to another wallet in one go without paying a tax. So if you're looking to transfer only part of your balance, you won't be able to utilise this function.
Last modified 6d ago