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HydraVaults

Experience the power of liquidity creation with HydraVaults!

1️⃣ YSL-USDC Vault

Deposit
Withdraw
Receipt
USDC
USDy
YSL-LP
Deposit Fee
Withdrawal Fee
Virtue-Reward
5%
5%
USDy
⚡️Deposit Process
⚡️Withdrawal Process
💰 Reward Process

📝 Deposit process for the YSL-USDC vault

​
  1. 1.
    A user sends 1000 USDC to the vault's contract.
  2. 2.
    10% (100 USDC) of the deposit is allocated to the referral contract.
  3. 3.
    7.5% (75 USDC) of the deposit is sent to the Treasury to support the YSL price.
  4. 4.
    22.5% (225 USDC) is set aside to create YSL-USDC liquidity, with 112.5 USDC being used to purchase YSL from the protocol and paired with 112.5 USDC to form liquidity on ApeSwap, generating LP tokens that are sent to the Treasury.
  5. 5.
    37.5% (375 USDC) of the deposit is combined with an equivalent value of USDy, minted by the protocol, and added as liquidity to the USDy-USDC pool on ApeSwap, generating LP tokens that are also sent to the Treasury.
  6. 6.
    22.5% (225 USDC) of the deposit is set aside for the Treasury fee.
  7. 7.
    The protocol mints USDy equivalent to the full value of the deposit (1000 USDC)
  8. 8.
    A 5% deposit fee, equal to 50 USDC, is collected from the USDy and added to the vault contract to increase the perpetual ratio.
  9. 9.
    The remaining 95% of the minted USDy (950 USDC) is added to the contract, and the user receives YSL-LP tokens that represent their share in the vault, which are sent to their wallet.

📝 Withdrawal process for the YSL-USDC vault

​
  1. 1.
    The user initiates a withdrawal of 1000 USDy (100 YSL-LP tokens).
  2. 2.
    The protocol first burns 100 YSL-LP tokens from the user's balance. Then, a 5% withdrawal fee of 50 USDy is collected and remains in the vault to increase its perpetual ratio. The remaining 950 USDy is transferred to the user's wallet.
  3. 3.
    Please note that the user must fulfill the 4-epoch warm-up period before their withdrawal can be processed. This warm-up period requires that the user has not made any deposits or withdrawals in the last 32 hours, which is represented by 4 epochs. If this condition is met, the withdrawal will proceed as normal. However, if the warm-up period has not been satisfied, the transaction will be reverted.
  4. 4.
    Additionally, if the USDy buyback and burn function is activated, users can only withdraw 1% of their receipt balance as long as it is not greater than the USDy pool transmittance rate.

🔍 How does the YSL-USDC vault earn?

​

✅ Perpetual Ratio increases every time USDC is deposited by a user

​
  • The deposit fee collected by the protocol is used to mint new YSL-LP tokens, which are based on the current perpetual ratio. The perpetual ratio is a value that reflects the value of the vault and is used to determine the amount of YSL-LP tokens minted. By increasing the perpetual ratio, the protocol can mint more YSL-LP tokens and increase the overall value of the vault.
  • When a user deposits USDC into the YSL-USDC HydraVault, a 5% deposit fee is applied. This fee is collected by the protocol and used to mint new YSL-S tokens based on the current perpetual ratio. The newly minted YSL-LP tokens are then added to the vault's contract, which increases the overall value of the vault and the user's stake in it.
  • This process helps to appreciate the value of the vault's receipt tokens over time, allowing users to earn greater rewards from their staked balance. The remaining 95% of the deposit is also added to the vault's contract. This is used to calculate the user's stake in the vault and determine their rewards. By providing a mechanism for users to earn greater rewards from their staked balance.
​

✅ Perpetual Ratio increases every time USDy is withdrawn by a user

​
  • When a user decides to withdraw their USDy from the HydraVault, they will be required to pay a 5% withdrawal fee. This fee is used to burn a portion of the YSL-LP tokens that were minted based on the user's deposit, in proportion to the current perpetual ratio. The purpose of this is to maintain the overall value of the vault and ensure that the remaining users are not negatively impacted by the withdrawal.
  • The exact amount of YSL-LP burned is calculated by multiplying the withdrawal amount by the current perpetual ratio. This ensures that the value of the burned tokens matches the value of the withdrawn USDy, and helps to maintain the overall value of the vault.
  • This process helps to maintain the perpetual ratio and ensure that the value of the vault's receipt tokens does not decrease as a result of a user's withdrawal. After the withdrawal fee has been paid and the appropriate amount of YSL-LP has been burned, the protocol will transfer the remaining USDy to the user's wallet. This withdrawal process helps to maintain the overall value of the vault and ensure that the remaining users are not negatively impacted by the withdrawal.
​

✅ Earn Virtue-Rewards every 8 hours based on the fluctuations of the USDy-USDC treasury-owned liquidity during each epoch

​
  • The YSL-USDC HydraVault allows users to earn rewards in USDy by depositing USDC into the vault. The rewards are determined by fluctuations in the USDC component of the USDy-USDC pair's treasury-owned liquidity, which is measured every 8 hours. The reward rate can vary between a minimum of 0.03% and a maximum of 0.30% per 8-hour period. If the USDC component of the liquidity pool increases, the reward rate increases by 0.01%. Conversely, if there is a decrease in the USDC component of the liquidity pool compared to the previously recorded amount, the reward rate decreases by 0.01%.
  • These rewards are distributed based on the value of the USDy-USDC treasury-owned liquidity and are claimable by the user at any time. The YSL-LP receipt token represents the user's share of the vault and helps calculate the USDy rewards earned on each 8-hour period. Additionally, this reward logic is sustainable for USDy and reduces the risk of oversupply over the long term because it is based on the actual performance of the USDy-USDC liquidity pool, which is a real-world metric that is less susceptible to market speculation and manipulation as it is harder for any individual or group to manipulate the value of the liquidity pool to their advantage, ensuring a fair distribution of rewards for all users.

2️⃣ xYSL-USDC Vault

Deposit
Withdraw
Receipt
USDC
USDy
xYSL-LP
Deposit Fee
Withdrawal Fee
Virtue-Reward
5%
5%
USDy
⚡️Deposit Process
⚡️Withdrawal Process
💰 Reward Process

📝 Deposit process for the xYSL-USDC vault

​
  1. 1.
    A user sends 1000 USDC to the vault's contract.
  2. 2.
    10% (100 USDC) of the deposit is allocated to the referral contract.
  3. 3.
    7.5% (75 USDC) of the deposit is sent to the Treasury to support the YSL price.
  4. 4.
    22.5% (225 USDC) is set aside to create xYSL-USDC liquidity, with 112.5 USDC being used to purchase xYSL and paired with 112.5 USDC to form liquidity on ApeSwap, generating LP tokens that are sent to the Treasury.
  5. 5.
    37.5% (375 USDC) of the deposit is combined with an equivalent value of USDy and added as liquidity to the USDy-USDC pool on ApeSwap, with the LP tokens being sent to the Treasury.
  6. 6.
    22.5% (225 USDC) of the deposit is set aside for the Treasury fee.
  7. 7.
    The protocol mints USDy equivalent to the full value of the deposit (1000 USDC).
  8. 8.
    A 5% deposit fee, equal to 50 USDC, is collected from the USDy and added to the vault's contract to increase the vault's perpetual ratio.
  9. 9.
    The remaining 95% of the minted USDy (950 USDC) is added to the contract, and the user receives xYSL-LP tokens that represent their share in the vault, which are sent to their wallet.
​

📝 Deposit process during Liquidity Propulsion Event

​
  1. 1.
    A user sends 1000 USDC to the vault's contract.
  2. 2.
    10% (100 USDC) of the deposit is allocated to the referral contract.
  3. 3.
    7.5% (75 USDC) of the deposit is sent to the Treasury to support the YSL price.
  4. 4.
    22.5% (225 USDC) of the deposit is paired with an equivalent value of pre-minted xYSL and added as liquidity to the xYSL-USDC pool on ApeSwap, generating LP tokens that are sent to the Treasury.
  5. 5.
    37.5% (375 USDC) of the deposit is combined with an equivalent value of USDy and added as liquidity to the USDy-USDC pool on ApeSwap, with the LP tokens being sent to the Treasury.
  6. 6.
    22.5% (225 USDC) of the deposit is set aside for the Treasury fee.
  7. 7.
    The protocol mints USDy equivalent to the full value of the deposit (1000 USDC).
  8. 8.
    A 5% deposit fee, equal to 50 USDC, is collected from the USDy and added to the vault's contract to increase the vault's perpetual ratio.
  9. 9.
    The remaining 95% of the minted USDy (950 USDC) is added to the contract, and the user receives xYSL-LP tokens that represent their share in the vault, which are sent to their wallet.

📝 Withdrawal process for the xYSL-USDC vault

​
  1. 1.
    The user initiates a withdrawal of 1000 USDy (100 xYSL-LP tokens).
  2. 2.
    The protocol first burns 100 xYSL-LP tokens from the user's balance. Then, a 5% withdrawal fee of 50 USDy is collected and remains in the vault to increase its perpetual ratio. The remaining 950 USDy is transferred to the user's wallet.
  3. 3.
    Please note that the user must fulfill the 4-epoch warm-up period before their withdrawal can be processed. This warm-up period requires that the user has not made any deposits or withdrawals in the last 32 hours, which is represented by 4 epochs. If this condition is met, the withdrawal will proceed as normal. However, if the warm-up period has not been satisfied, the transaction will be reverted.
  4. 4.
    Additionally, if the USDy buyback and burn function is activated, users can only withdraw 1% of their receipt balance as long as it is not greater than the USDy pool transmittance rate.

🔍 How does the xYSL-USDC vault earn?

​

✅ Perpetual Ratio increases every time USDC is deposited by a user

​
  • The deposit fee collected by the protocol is used to mint new xYSL-LP tokens, which are based on the current perpetual ratio. The perpetual ratio is a value that reflects the value of the vault and is used to determine the amount of xYSL-LP tokens minted. By increasing the perpetual ratio, the protocol can mint more xYSL-LP tokens and increase the overall value of the vault.
  • When a user deposits USDC into the xYSL-USDC HydraVault, a 5% deposit fee is applied. This fee is collected by the protocol and used to mint new xYSL-S tokens based on the current perpetual ratio. The newly minted xYSL-LP tokens are then added to the vault's contract, which increases the overall value of the vault and the user's stake in it.
  • This process helps to appreciate the value of the vault's receipt tokens over time, allowing users to earn greater rewards from their staked balance. The remaining 95% of the deposit is also added to the vault's contract. This is used to calculate the user's stake in the vault and determine their rewards. By providing a mechanism for users to earn greater rewards from their staked balance.
​

✅ Perpetual Ratio increases every time USDy is withdrawn by a user

​
  • When a user decides to withdraw their USDy from the HydraVault, they will be required to pay a 5% withdrawal fee. This fee is used to burn a portion of the xYSL-LP tokens that were minted based on the user's deposit, in proportion to the current perpetual ratio. The purpose of this is to maintain the overall value of the vault and ensure that the remaining users are not negatively impacted by the withdrawal.
  • The exact amount of xYSL-LP burned is calculated by multiplying the withdrawal amount by the current perpetual ratio. This ensures that the value of the burned tokens matches the value of the withdrawn USDy, and helps to maintain the overall value of the vault.
  • This process helps to maintain the perpetual ratio and ensure that the value of the vault's receipt tokens does not decrease as a result of a user's withdrawal. After the withdrawal fee has been paid and the appropriate amount of xYSL-LP has been burned, the protocol will transfer the remaining USDy to the user's wallet. This withdrawal process helps to maintain the overall value of the vault and ensure that the remaining users are not negatively impacted by the withdrawal.
​

✅ Earn Virtue-Rewards every 8 hours based on the fluctuations of the USDy-USDC treasury-owned liquidity during each epoch

​
  • The xYSL-USDC HydraVault allows users to earn rewards in USDy by depositing USDC into the vault. The rewards are determined by fluctuations in the USDC component of the USDy-USDC pair's treasury-owned liquidity, which is measured every 8 hours. The reward rate can vary between a minimum of 0.03% and a maximum of 0.30% per 8-hour period. If the USDC component of the liquidity pool increases, the reward rate increases by 0.01%. Conversely, if there is a decrease in the USDC component of the liquidity pool compared to the previously recorded amount, the reward rate decreases by 0.01%.
  • These rewards are distributed based on the value of the USDy-USDC treasury-owned liquidity and are claimable by the user at any time. The xYSL-LP receipt token represents the user's share of the vault and helps calculate the USDy rewards earned on each 8-hour period. Additionally, this reward logic is sustainable for USDy and reduces the risk of oversupply over the long term because it is based on the actual performance of the USDy-USDC liquidity pool, which is a real-world metric that is less susceptible to market speculation and manipulation as it is harder for any individual or group to manipulate the value of the liquidity pool to their advantage, ensuring a fair distribution of rewards for all users.

3️⃣ bYSL-USDC Vault

Deposit
Withdraw
Receipt
USDC
USDy
bYSL-LP
Deposit Fee
Withdrawal Fee
Virtue-Reward
5%
5%
USDy
⚡️Deposit Process
⚡️Withdrawal Process
💰 Reward Process

📝 Deposit process for the bYSL-USDC vault

​
  1. 1.
    A user sends 1000 USDC to the vault's contract.
  2. 2.
    10% (100 USDC) of the deposit is allocated to the referral contract.
  3. 3.
    7.5% (75 USDC) of the deposit is allocated to the Treasury to increase the YSL price.
  4. 4.
    22.5% (225 USDC) is set aside to create bYSL-USDC liquidity, with 112.5 USDC being used to purchase bYSL and paired with 112.5 USDC to form liquidity on ApeSwap, generating LP tokens that are sent to the Treasury.
  5. 5.
    37.5% (375 USDC) of the deposit is combined with an equivalent value of USDy and added as liquidity to the USDy-USDC pool on ApeSwap, with the LP tokens being sent to the Treasury.
  6. 6.
    22.5% (225 USDC) of the deposit is set aside for the Treasury fee.
  7. 7.
    The protocol mints USDy equivalent to the full value of the deposit (1000 USDC).
  8. 8.
    A 5% deposit fee, equal to 50 USDC, is collected from the USDy and added to the vault's contract to increase the vault's perpetual ratio.
  9. 9.
    The remaining 95% of the minted USDy (950 USDC) is added to the contract, and the user receives bYSL-LP tokens that represent their share in the vault, which are sent to their wallet.
​

📝 Deposit process during Liquidity Propulsion Event

​
  1. 1.
    A user sends 1000 USDC to the vault's contract.
  2. 2.
    10% (100 USDC) of the deposit is allocated to the referral contract.
  3. 3.
    7.5% (75 USDC) of the deposit is allocated to the Treasury to support the YSL price.
  4. 4.
    22.5% (225 USDC) of the deposit is paired with an equivalent value of pre-minted bYSL and added as liquidity to the bYSL-USDC pool on ApeSwap, generating LP tokens that are sent to the Treasury.
  5. 5.
    37.5% (375 USDC) of the deposit is combined with an equivalent value of USDy and added as liquidity to the USDy-USDC pool on ApeSwap, with the LP tokens being sent to the Treasury.
  6. 6.
    22.5% (225 USDC) of the deposit is set aside for the Treasury fee.
  7. 7.
    The protocol mints USDy equivalent to the full value of the deposit (1000 USDC).
  8. 8.
    A 5% deposit fee, equal to 50 USDC, is collected from the USDy and added to the vault's contract to increase the vault's perpetual ratio.
  9. 9.
    The remaining 95% of the minted USDy (950 USDC) is added to the contract, and the user receives bYSL-LP tokens that represent their share in the vault, which are sent to their wallet.

📝 Withdrawal process for the bYSL-USDC vault

​
  1. 1.
    The user initiates a withdrawal of 1000 USDy (100 bYSL-LP tokens).
  2. 2.
    The protocol first burns 100 bYSL-LP tokens from the user's balance. Then, a 5% withdrawal fee of 50 USDy is collected and remains in the vault to increase its perpetual ratio. The remaining 950 USDy is transferred to the user's wallet.
  3. 3.
    Please note that the user must fulfill the 4-epoch warm-up period before their withdrawal can be processed. This warm-up period requires that the user has not made any deposits or withdrawals in the last 32 hours, which is represented by 4 epochs. If this condition is met, the withdrawal will proceed as normal. However, if the warm-up period has not been satisfied, the transaction will be reverted.
  4. 4.
    Additionally, if the USDy buyback and burn function is activated, users can only withdraw 1% of their receipt balance as long as it is not greater than the USDy pool transmittance rate.

🔍 How does the bYSL-USDC vault earn?

​

✅ Perpetual Ratio increases every time USDC is deposited by a user

​
  • The deposit fee collected by the protocol is used to mint new bYSL-LP tokens, which are based on the current perpetual ratio. The perpetual ratio is a value that reflects the value of the vault and is used to determine the amount of bYSL-LP tokens minted. By increasing the perpetual ratio, the protocol can mint more bYSL-LP tokens and increase the overall value of the vault.
  • When a user deposits USDC into the bYSL-USDC HydraVault, a 5% deposit fee is applied. This fee is collected by the protocol and used to mint new bYSL-S tokens based on the current perpetual ratio. The newly minted bYSL-LP tokens are then added to the vault's contract, which increases the overall value of the vault and the user's stake in it.
  • This process helps to appreciate the value of the vault's receipt tokens over time, allowing users to earn greater rewards from their staked balance. The remaining 95% of the deposit is also added to the vault's contract. This is used to calculate the user's stake in the vault and determine their rewards. By providing a mechanism for users to earn greater rewards from their staked balance.
​

✅ Perpetual Ratio increases every time USDy is withdrawn by a user

​
  • When a user decides to withdraw their USDy from the HydraVault, they will be required to pay a 5% withdrawal fee. This fee is used to burn a portion of the bYSL-LP tokens that were minted based on the user's deposit, in proportion to the current perpetual ratio. The purpose of this is to maintain the overall value of the vault and ensure that the remaining users are not negatively impacted by the withdrawal.
  • The exact amount of bYSL-LP burned is calculated by multiplying the withdrawal amount by the current perpetual ratio. This ensures that the value of the burned tokens matches the value of the withdrawn USDy, and helps to maintain the overall value of the vault.
  • This process helps to maintain the perpetual ratio and ensure that the value of the vault's receipt tokens does not decrease as a result of a user's withdrawal. After the withdrawal fee has been paid and the appropriate amount of bYSL-LP has been burned, the protocol will transfer the remaining USDy to the user's wallet. This withdrawal process helps to maintain the overall value of the vault and ensure that the remaining users are not negatively impacted by the withdrawal.
​

✅ Earn Virtue-Rewards every 8 hours based on the fluctuations of the USDy-USDC treasury-owned liquidity during each epoch

​
  • The bYSL-USDC HydraVault allows users to earn rewards in USDy by depositing USDC into the vault. The rewards are determined by fluctuations in the USDC component of the USDy-USDC pair's treasury-owned liquidity, which is measured every 8 hours. The reward rate can vary between a minimum of 0.03% and a maximum of 0.30% per 8-hour period. If the USDC component of the liquidity pool increases, the reward rate increases by 0.01%. Conversely, if there is a decrease in the USDC component of the liquidity pool compared to the previously recorded amount, the reward rate decreases by 0.01%.
  • These rewards are distributed based on the value of the USDy-USDC treasury-owned liquidity and are claimable by the user at any time. The bYSL-LP receipt token represents the user's share of the vault and helps calculate the USDy rewards earned on each 8-hour period. Additionally, this reward logic is sustainable for USDy and reduces the risk of oversupply over the long term because it is based on the actual performance of the USDy-USDC liquidity pool, which is a real-world metric that is less susceptible to market speculation and manipulation as it is harder for any individual or group to manipulate the value of the liquidity pool to their advantage, ensuring a fair distribution of rewards for all users.

4️⃣ USDy-USDC Vault

Deposit
Withdraw
Receipt
USDC
USDy
USDy-LP
Deposit Fee
Withdrawal Fee
Virtue-Reward
0%
0%
USDy
⚡️Deposit Process
⚡️Withdrawal Process
💰 Reward Process

📝 Deposit process for the USDy-USDC vault

​
  1. 1.
    A user sends 1000 USDC to the vault's contract.
  2. 2.
    10% (100 USDC) of the deposit is allocated to the referral contract.
  3. 3.
    7.5% (75 USDC) of the deposit is sent to the Treasury to support the YSL price.
  4. 4.
    60% (600 USDC) of the deposit is paired with an equivalent value of USDy, which is minted by the protocol, and added to the USDy-USDC pool on ApeSwap as liquidity, generating LP tokens that are sent to the Treasury.
  5. 5.
    22.5% (225 USDC) of the deposit is set aside for the Treasury fee.
  6. 6.
    The protocol mints USDy equivalent in value to the full deposit amount of 1000 USDC, adds it to the vault contract, and grants the user USDy-LP tokens that represent their share in the vault. These tokens are then sent to the user's wallet.

📝 Withdrawal process for the USDy-USDC vault

​
  1. 1.
    The user initiates a withdrawal of 1000 USDy (100 USDy-LP tokens).
  2. 2.
    The protocol first burns 100 USDy-LP tokens from the user's balance. Then, a 5% withdrawal fee of 50 USDy is collected and remains in the vault to increase its perpetual ratio. The remaining 950 USDy is transferred to the user's wallet.
  3. 3.
    Please note that the user must fulfill the 4-epoch warm-up period before their withdrawal can be processed. This warm-up period requires that the user has not made any deposits or withdrawals in the last 32 hours, which is represented by 4 epochs. If this condition is met, the withdrawal will proceed as normal. However, if the warm-up period has not been satisfied, the transaction will be reverted.
  4. 4.
    Additionally, if the USDy buyback and burn function is activated, users can only withdraw 1% of their receipt balance as long as it is not greater than the USDy pool transmittance rate.

🔍 How does the USDy-USDC vault earn?

​

✅ Earn Virtue-Rewards every 8 hours based on the fluctuations of the USDy-USDC treasury-owned liquidity during each epoch

​
  • The USDy-USDC HydraVault allows users to earn rewards in USDy by depositing USDC into the vault. The rewards are determined by fluctuations in the USDC component of the USDy-USDC pair's treasury-owned liquidity, which is measured every 8 hours. The reward rate can vary between a minimum of 0.03% and a maximum of 0.30% per 8-hour period. If the USDC component of the liquidity pool increases, the reward rate increases by 0.01%. Conversely, if there is a decrease in the USDC component of the liquidity pool compared to the previously recorded amount, the reward rate decreases by 0.01%.
  • These rewards are distributed based on the value of the USDy-USDC treasury-owned liquidity and are claimable by the user at any time. The USDy-LP receipt token represents the user's share of the vault and helps calculate the USDy rewards earned on each 8-hour period. Additionally, this reward logic is sustainable for USDy and reduces the risk of oversupply over the long term because it is based on the actual performance of the USDy-USDC liquidity pool, which is a real-world metric that is less susceptible to market speculation and manipulation as it is harder for any individual or group to manipulate the value of the liquidity pool to their advantage, ensuring a fair distribution of rewards for all users.
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Last modified 3d ago