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YSL

YSL has a unique algorithmic relationship with treasury-held USDC.
YSL has been designed with a unique algorithmic link to our treasury contract, to ensure its value rises in tandem with the balance of USDC held by the treasury.
With 14 revenue streams powering the treasury, YSL has been designed to continuously appreciate in value, giving you an opportunity to share in our ecosystem's success. And the best part? Selling YSL through the protocol won't send the price plummeting, it can only increase the price further.
So, how does this magic work? Well, it's simple math. The YSL protocol price operates in the same way the perpetual ratio works across our vaults. YSL can only be minted when purchased through the protocol, and it's burned every time it's sold for USDC from the treasury. And thanks to the 30% burn tax, the value of YSL burned is always equal to or higher than the value of USDC leaving the contract. This means that the difference between treasury-held USDC and total YSL supply can only increase, which drives up the protocol price.
But that's not all, YSL holders get to enjoy zero transaction taxes when trading through the YSL-USDC liquidity pool on ApeSwap. That's right - you can exit for USDC without the fear of losing any value.
And if that wasn’t enough, we've also hard-coded an arbitrage opportunity that's too good to pass up - If you purchase from the pool and subsequently sell on the protocol within the same epoch, you'll bypass the 30% burn tax and pay zero taxes. It's a win-win situation that not only helps you capitalise on the price difference, but also acts as a mechanism to keep the YSL pool price in check.
YSL isn’t your average token; it's integrated with a self-sustaining cycle that drives demand and encourages adoption. And as a key part of the protocol, YSL is poised to move the ecosystem forward and ensure its long-term growth. So what are you waiting for? Unlock the potential of perpetual growth with YSL today!
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YSL Protocol Price

  • The YSL protocol price is determined by the algorithm determined by dividing the value of treasury-held USDC by the total supply of YSL.
  • The unique algorithmic relationship between YSL and the treasury ensures the value of YSL is linked to the balance of treasury-held USDC. As a result, each YSL in circulation is backed by treasury-held USDC. To make it clear, YSL is NOT an algorithmic stablecoin, nor pegged to any token.
  • The protocol price is sustained by 14 diverse revenue streams, which are the main drivers of the treasury's growth and the appreciation of the YSL token. The treasury's growth, in turn, creates a self-sustaining cycle of demand and growth, as the success of the ecosystem drives the growth of USDC in the treasury and the perpetual appreciation of YSL.

The YSL Protocol Price is determined by the following formula:

👉 YSL Protocol Price​ = [ V / TS ]
Where:
  • V = Value of Treasury-held USDC.
  • TS = Total supply of YSL.

YSL Arbitrage Opportunity

  • Capitalise on the appreciating nature of YSL and maximize your USDC returns through the YSL Arbitrage Opportunity. With 14 revenue-generating methods driving the YSL protocol's price up with constant buying pressure, savvy traders have ample opportunities to take advantage of the appreciating price.
  • By purchasing YSL from the YSL-USDC liquidity pool held on ApeSwap, and selling it for USDC through the protocol before the next 8-hour epoch, you can enjoy a tax-free process that offers an opportunity to increase your USDC holdings. So, don't miss out on this exciting chance to maximize the value of your USDC.

FAQs

How does the value of YSL increase?

Treasury Revenue Increases -> Value of YSL Increases

  • The value of YSL is closely linked to the growth of Treasury-Held USDC. This is due to the algorithmic connection between YSL and Treasury Contract, which creates a unique and powerful relationship.
  • By generating USDC revenue from 14 diverse sources, the protocol is able to drive the growth of Treasury-held USDC without increasing the supply of YSL. This leads to the appreciation of the YSL protocol price, which creates a self-sustaining cycle of constant demand and growth for YSL.
  • Plus, you don't have to worry about the protocol price decreasing when YSL is sold through the protocol! This is because YSL is burned every time it's exchanged fro USDC through the protocol. And thanks to the 30% burn tax, the value of YSL burned will always be equal to or higher than the value of USDC leaving the contract. This means that the difference between treasury-held USDC and total YSL supply can only increase, which drives up the protocol price.
  • But that's not all - we've also integrated an incredible mechanism that serves to increase the value of the YSL liquidity pool on ApeSwap. This pool not only has zero transaction taxes but also features an arbitrage opportunity on every 8-hour epoch. Here's how it works: if you purchase YSL from the pool and subsequently sold the acquired YSL on the protocol within the same 8-hour epoch, you'll bypass the 30% burn tax! That's right - whenever the protocol price is trading higher than the pool, there will be an arbitrage opportunity that's too hard to pass up. This not only allows you to capitalise on the price difference, but also helps to ensure the YSL pool price continues to rise and does not lag behind the protocol price for too long. It's a win-win for everyone involved!
What are the benfits of acquiring YSL?
  1. 1.
    ​YSL AceVault -> Stake YSL to earn virtue-rewards (USDy) every 8 hours.
  2. 2.
    ​USDy Token Tax Allocation -> 7.5% of every USDy transfer/sale transaction is allocated to the treasury - increasing the YSL protocol price.
  3. 3.
    ​bYSL Token Tax Allocation -> 1.875% of every bYSL transfer/sale transaction is allocated to the treasury - increasing the YSL protocol price.
  4. 4.
    ​xYSL Token Tax Allocation -> 1.875% of every xYSL transfer/sale transaction is allocated to the treasury - increasing the YSL protocol price.
  5. 5.
    ​Value linked to Treasury-held USDC -> Protocol value increases as Treasury-held USDC increases through 14 revenue streams.
  6. 6.
    ​HydraVault Ecosystem Allocation -> 7.5% of every deposit into the HydraVaults is allocated to the treasury - increasing the YSL protocol price.
  7. 7.
    ​YSL-USDC HydraVault -> 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.
  8. 8.
    ​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.
How is YSL tied to Treasury-held USDC?
  • YSL is linked to Treasury-held USDC through an algorithmic connection, where its price and value are determined by a mathematical formula that takes into account the USDC held by the Treasury. As the Treasury's USDC balance grows, the value of YSL follows suit, creating a cycle of increased demand for YSL and incentivizing further adoption of the protocol.
  • The YSL protocol is engineered to produce USDC for the Treasury through multiple revenue streams, adding to the virtuous cycle. And with YSL being backed by treasury-held USDC, its value remains stable and consistent for holders. Furthermore, the trading of YSL through the protocol further contributes to the protocol price thanks to the YSL token taxes, helping to maintain a continuously rising value.
What are the 14 ways Treasury-held USDC increases?
The value of YSL is linked to treasury-held USDC. The more USDC held by the treasury, the greater the value of YSL. As a result, holders are able to participate in the success of our ecosystem. What's more, our protocol has been purpose-built to generate USDC for the treasury from each and every aspect of our ecosystem in 14 different ways:
  1. 1.
    ​YSL Sell -> 7.5% of every YSL protocol sell.
  2. 2.
    ​YSL Purchase -> 7.5% of every YSL protocol purchase.
  3. 3.
    ​USDy Sell -> 7.5% of every USDy sell transaction.
  4. 4.
    ​USDy Transfer -> 7.5% of every USDy transfer transaction.
  5. 5.
    ​xYSL Sell -> 1.875% of every xYSL sell transaction.
  6. 6.
    ​xYSL Transfer -> 1.875% of every xYSL transfer transaction.
  7. 7.
    ​bYSL Sell -> 1.875% of every bYSL sell transaction.
  8. 8.
    ​bYSL Transfer -> 1.875% of every YSL transfer transaction.
  9. 9.
    YSL HydraVault -> 18.75% of every deposit into the vault.
  10. 10.
    ​bYSL HydraVault -> 7.5% of every deposit into the vault.
  11. 11.
    ​xYSL HydraVault -> 7.5% of every deposit into the vault.
  12. 12.
    ​USDy HydraVault -> 7.5% of every deposit into the vault.
  13. 13.
    ​AlphaVaults -> When the USDy Buyback and Burn (UBB) is activated, the protocol will purchase YSL via the protocol on every deposit.
  14. 14.
    ​ChainZap Swap Fees -> 50% of the fees collected from every token swap executed through ChainZap is allocated to the treasury.