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Phoenix NFT
Obtain a temporary 25% BOOST on your MetaVault Multipliers and Virtue-Rewards.

What is the Phoenix NFT and its benefits?

Are you looking for ways to earn more rewards from your MetaVault, Hydravault and/or AceVault positions?
Well, we have some good news for you. By holding a Phoenix NFT, you could obtain a 25% boost on your MetaVault Multipliers and/or Virtue-Rewards. That's right - you'll earn 25% more rewards from your MetaVault, Hydravault and/or AceVault positions!
  • For example, lets say you deposit into the CAKE MetaVault at Level 7 - this means you'd ordinarily obtain a Multiplier of 50x while your Multiplier NFT for the CAKE vault is active.
  • But, by holding an active Phoenix NFT you'll benefit from a 25% boost on the 50x Multiplier.
  • This means you'd obtain a Multiplier of 62.5x (50*1.25) for the CAKE vault.
But that's not all - a lot of effort has gone into its design and we're excited to announce that each Phoenix NFT will feature a range of unique traits. So, not only will you enjoy a 25% boost to your rewards, but you'll also be the proud owner of a one-of-a-kind collectable NFT made exclusively for YSL.IO.
There will be a limited supply of 365 Phoenix NFTs released per year - only one made available every 24 hours through an on-chain auction. So if you're interested in obtaining a Phoenix NFT, you'll need to secure one by bidding in the daily auction.
Please note: Each Phoenix NFT will only be active for a period of 730 hours (one month), and once it's been deactivated you'll no longer enjoy the 25% boost. When the Phoenix NFT is active, it will only provide the 25% Multiplier Boost for the MetaVaults you hold an active Multiplier NFT for.

Phoenix NFT - Daily Auction

Each Phoenix NFT will be available for purchase through an auction, and all Phoenix NFTs that are issued will be non-transferable and can only be linked to one address. There will only be a limited supply of 365 Phoenix NFTs released per year, or 1 Phoenix NFT per day.
Run Time: each daily auction will run for a minimum of 24 hours.
  • There will be a 5 minutes time buffer, so if a bid is made in the last 5 minutes before the end, 5 minutes will be added to the auction to allow everyone to re-adjust their bids. As long as an auction is not finished the next Phoenix NFT auction shouldnโ€™t start.
  • This means the auction will only end if no bids are placed in the last five minutes of the auction end time, and the end time will continue to be extended as long as a bid is placed in the last 5 minutes.
  • For example, if the auction is to end at 12:00 pm, if a bid is placed at 11:59 am, the end time will be extended by 5 mins to 12:05 pm, and if another bid is then placed at 12:03 pm, the end time will be extended by 5 mins to 12:10 pm. This process will continue until no bids are received within the last five minutes of the auction end time.
Minimum Bid: the minimum bid is 25 BUSD per NFT.
  • In order for someone to outbid the current bid, theyโ€™ll need to place a minimum bid that is either 25 BUSD higher than the current highest bid OR 105% of the current highest bid if the additional 5% is greater than 25 BUSD.
Claiming NFT: the winner will need to claim their Phoenix NFT.
  • After the completion of an auction, the winning bidder will be able to claim their Phoenix NFT by clicking on the โ€œClaim NFTโ€ button.
  • Only the wallet address that placed the winning bid will be able to claim the Phoenix NFT.
Reclaim Losing Bids: all losing bidders will be able to reclaim 100% of their BUSD bids(s).
  • After the completion of a Phoenix NFT auction, all losing bidders will be able to reclaim the BUSD they provided as bid(s) by clicking on the โ€œClaim Bidโ€ button.
  • Only wallet addresses that placed a losing bid will be able to reclaim their BUSD.