HydraVaults

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HydraVaults
What are HydraVaults and their benefits?
HydraVaults provide a unique opportunity for you to earn Virtue-Rewards up to 0.3% per epoch while also playing a vital role in the growth of our ecosystem. 
If you're looking to take part in a HydraVault, all you need to do is deposit some BUSD, and in return, you'll get USDy. The USDy will be minted by the protocol in accordance with the value of your BUSD deposit and the current price of USDy. There will be a 10% deposit fee that goes towards increasing the vaults Perpetual Ratio, which will be taken from the USDy the protocol mints.
This ever-increasing Perpetual Ratio represents a great opportunity for those who deposit early, as your USDy balance will continue to grow each time a deposit is made. So, not only will you be earning Virtue-Rewards every 8 hours but your staked balance will also be increasing as more deposits are made into the vault!
That's not all though - during our Liquidity Propulsion Event, the protocol will be minting USDy at a rate of 200% for each BUSD deposit - and after taking into consideration the 10% deposit fee that increases the vault Perpetual Ratio - it translates to a massive 80% bonus on your deposit.
👉 Example: 180% Bonus during the Liquidity Propulsion Phase
Our protocol has a total of four HydraVaults for you to choose from:  
​USDy-BUSD - earns Virtue-Rewards at a rate of 0.30% per epoch.
​YSL-BUSD - earns Virtue-Rewards at a rate of 0.10% per epoch.
​xYSL-BUSD - earns Virtue-Rewards at a rate of 0.10% per epoch.
​BSHARE-BUSD - earns Virtue-Rewards at a rate of 0.10% per epoch.
1️⃣ USDy-BUSD Vault
Virtue-Reward Rate
Deposit Fee
Receipt
Withdrawal Fee
0.30% per epoch
10%
USDs-LP
0%
How does the USDy-BUSD vault earn?
 ✅ Earns Virtue-Rewards every 8 hours based on the USDy vaults TVL:
Receives minted USDy rewards on each epoch (every 8 hours).
The USDy-BUSD vault will receive USDy based on a rate of 0.30% per epoch.
The amount of USDy that is minted as rewards every 8 hours will be dependent on the TVL of the USDy vault, whereby the protocol will mint USDy based on 0.30% of the supply staked within the USDy vault.
✅ Perpetual Ratio increases every time BUSD is deposited by a user:
There is a 10% deposit fee applicable every time BUSD is deposited into the vault by a user, whereby the protocol will first mint USDy equivalent in value to 100% of the BUSD, from which 10% will be deducted as a deposit fee and added to the vaults contract - effectively increasing the vaults Perpetual Ratio. 
Subsequently, the protocol will mint USDs-LP for the user based on the remaining 90% and the increased ratio. The USDy (90%) and minted USDs-LP will then be added to the vaults contract.
👉 USDy-BUSD Vault - Deposit Process - Pre-Minted Allocation Available
👉 USDy-BUSD Vault - Deposit Process - Pre-Minted Allocation NOT available
👉 USDy-BUSD Vault - Withdrawal Process
2️⃣ YSL-BUSD Vault 
Virtue-Reward Rate
Deposit Fee
Receipt
Withdrawal Fee
0.10% per epoch
10%
YSL-BUSD-A
0%
How does the YSL-BUSD vault earn?
✅ Earns Virtue-Rewards every 8 hours based on the USDy vaults TVL:
Receives minted USDy rewards on each epoch (every 8 hours).
The YSL-BUSD vault will receive USDy based on a rate of 0.10% per epoch.
The amount of USDy that is minted as rewards every 8 hours will be dependent on the TVL of the USDy vault, whereby the protocol will mint USDy based on 0.10% of the supply staked within the USDy vault.
✅ Perpetual Ratio increases every time BUSD is deposited by a user:
There is a 10% deposit fee applicable every time BUSD is deposited into the vault by a user, whereby the protocol will first mint USDy equivalent in value to 100% of the BUSD, from which 10% will be deducted as a deposit fee and added to the vaults contract - effectively increasing the vaults Perpetual Ratio. 
Subsequently, the protocol will mint YSL-BUSD-A for the user based on the remaining 90% and the increased ratio. The USDy (90%) and minted YSL-BUSD-A will then be added to the vaults contract.
👉 YSL-BUSD Vault - Deposit Process - Pre-Minted Allocation Available
👉 YSL-BUSD Vault - Deposit Process - Pre-Minted Allocation NOT available
👉 YSL-BUSD Vault - Withdrawal Process
3️⃣ xYSL-BUSD Vault 
Virtue-Reward Rate
Deposit Fee
Receipt
Withdrawal Fee
0.10% per epoch
10%
xYSL-BUSD-A
0%
How does the xYSL-BUSD vault earn?
✅  Earns Virtue-Rewards every 8 hours based on the USDy vaults TVL:
Receives minted USDy rewards on each epoch (every 8 hours).
The xYSL-BUSD vault will receive USDy based on a rate of 0.10% per epoch.
The amount of USDy that is minted as rewards every 8 hours will be dependent on the TVL of the USDy vault, whereby the protocol will mint USDy based on 0.10% of the supply staked within the USDy vault.
✅ Perpetual Ratio increases every time BUSD is deposited by a user:
There is a 10% deposit fee applicable every time BUSD is deposited into the vault by a user, whereby the protocol will first mint USDy equivalent in value to 100% of the BUSD, from which 10% will be deducted as a deposit fee and added to the vaults contract - effectively increasing the vaults Perpetual Ratio. 
Subsequently, the protocol will mint xYSL-BUSD-A for the user based on the remaining 90% and the increased ratio. The USDy (90%) and minted xYSL-BUSD-A will then be added to the vaults contract.
👉 xYSL-BUSD Vault - Deposit Process - Pre-Minted Allocation Available
👉 xYSL-BUSD Vault - Deposit Process - Pre-Minted Allocation NOT available
👉 xYSL-BUSD Vault - Withdrawal Process
4️⃣ BSHARE-BUSD Vault
Virtue-Reward Rate
Deposit Fee
Receipt
Withdrawal Fee
0.10% per epoch
10%
BSHARE-BUSD-A
0%
How does the BSHARE-BUSD vault earn?
✅ Earns Virtue-Rewards every 8 hours based on the USDy vaults TVL:
Receives minted USDy rewards on each epoch (every 8 hours).
The BSHARE-BUSD vault will receive USDy based on a rate of 0.10% per epoch.
The amount of USDy that is minted as rewards every 8 hours will be dependent on the TVL of the USDy vault, whereby the protocol will mint USDy based on 0.10% of the supply staked within the USDy vault.
✅ Perpetual Ratio increases every time BUSD is deposited by a user:
There is a 10% deposit fee applicable every time BUSD is deposited into the vault by a user, whereby the protocol will first mint USDy equivalent in value to 100% of the BUSD, from which 10% will be deducted as a deposit fee and added to the vaults contract - effectively increasing the vaults Perpetual Ratio. 
Subsequently, the protocol will mint BSHARE-BUSD-A for the user based on the remaining 90% and the increased ratio. The USDy (90%) and minted BSHARE-BUSD-A will then be added to the vaults contract.
👉 BSHARE-BUSD Vault - Deposit Process - Pre-Minted Allocation Available
👉 BSHARE-BUSD Vault - Deposit Process - Pre-Minted Allocation NOT available
👉 BSHARE-BUSD Vault - Withdrawal Process
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What are HydraVaults and their benefits?
1️⃣ USDy-BUSD Vault
How does the USDy-BUSD vault earn?
2️⃣ YSL-BUSD Vault
How does the YSL-BUSD vault earn?
3️⃣ xYSL-BUSD Vault
How does the xYSL-BUSD vault earn?
4️⃣ BSHARE-BUSD Vault
How does the BSHARE-BUSD vault earn?