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Refer & Earn BUSD
Earn up to 9% from your friend(s) and their downline!
With our protocols triple-tier referral program you can earn BUSD each time your friend(s) swaps bYSL, transacts with USDy, or deposits into one of our HydraVaults - so start spreading the word and earning those rewards!
Are you ready to start earning BUSD? All you need to do is share your referral link with your friends. Not only will you have the potential to earn 4% BUSD rewards, but your friend will also receive 1% BUSD rebates just for using your referral link. It's a win-win situation!
There are no prerequisites for sharing your referral link. All your friends need to do is visit YSL.IO via your link and connect their wallet. This will ensure their address is linked with yours. Once your friend's address has been successfully linked, you'll have the potential to earn 4% BUSD rewards and your friend will receive 1% BUSD rebates.
But the earning potential doesn't stop there - if your friend refers other people, you'll also earn up to 5% from your friends downline. So don't wait any longer - start sharing your referral link today and start earning BUSD!
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- 1.Connect your wallet to YSL.IO.
- 2.Click on the Refer tab.
- 3.A pop-up window will appear where you can claim your BUSD rewards.
- 4.Click the "Claim" button to claim your rewards.
It's important to note that you will need to claim your rewards before the 730-hour countdown reaches zero, and there will be a 30% claim fee applied when you claim your rewards. If you do not claim your rewards before the countdown reaches zero, they will no longer be available for you to claim.
- All BUSD rewards earned through the referral program are held in a temporary contract for a limited period of time. As a referrer, you will have 730 hours to claim your BUSD rewards, which will be activated as soon as your BUSD reward balance becomes positive.
- During this 730-hour period, you are free to claim your BUSD rewards at any time. However, if you do not claim your rewards within this timeframe, they will be forfeited and transferred to the team. This ensures that referrers do not leave their BUSD rewards idle on the contract.
- When you claim your BUSD rewards, a 25% claim fee will be applied and the 730-hour countdown will be reset to zero. The countdown will then start again whenever your BUSD reward balance becomes positive.
- It's important to note that the 730-hour countdown will reset each time you claim your BUSD rewards, so be sure to claim them before the deadline to ensure you don't miss out on your earnings.
Please note: you will need to claim your BUSD rewards before the 730-hour countdown reaches zero and there will be a 25% claim fee applicable.
- Whenever a user performs any of the following actions, BUSD will be generated and sent to the referral contract:
- 1.
- 2.
- 3.
- How often you receive BUSD rewards will be dependent on the actions of your friend(s) and their downline, with the amount of rewards you receive varying in accordance with the value of the underlying transaction:
- 1.Level 1 (your friend) -> You earn 4% BUSD Rewards
- 2.Level 2 (your friends primary downline) -> You earn 3% BUSD Rewards
- 3.Level 3 (your friends secondary downline) -> You earn 2% BUSD Rewards
- Each referrer will be able to earn BUSD Rewards from their downline (maximum of 3 levels).
- In the infographic below, you can see that User A shared their link with User B, User C and User D -> this will represent Level 1 of User A's referrals.
- User A will have the potential to earn 4% BUSD rewards from Level 1 referrals.
- This will be when User B, User C or User D swaps bYSL, transacts in USDy or deposits into a HydraVault. But, User A is also able to earn BUSD rewards from their friends downline (Level 2 + Level 3) -> this includes User E, User F and User G.
- User A will have the potential to earn 3% BUSD rewards from Level 2 referrals.
- This will be when User E, User F swaps bYSL, transacts in USDy or deposits into a HydraVault.
- User A will have the potential to earn 2% BUSD rewards from Level 3 referrals.
- This will be when User G swaps bYSL, transacts in USDy or deposits into a HydraVault.
- There is a maximum of three levels for the referral program, which means User A will NOT earn any BUSD Rewards from User H or User I.
All BUSD rewards are sent to a temporary contract where they are held for a fixed period. All referrers will need to claim their rewards before their claim period elapses (730 hours). Once the claim period has elapsed, all unclaimed rewards will be automatically transferred to the treasury.
Yes, by connecting to YSL.IO with your friends referral link you will become a referee (i.e. you'll receive BUSD Rebates when you transact in USDy or deposit into a HydraVault). But, by sharing your unique referral link with your friends you'd be able to earn BUSD Rewards as a referrer.
You will receive a 1% BUSD Rebate when you transact in USDy or deposit into a HydraVault. The amount of BUSD you receive as a rebate will be dependent on the value of the underlying transaction. The BUSD Rebate will be paid after your transaction has been completed, and will appear in your wallet.
You will need to connect to YSL.IO via a referral link if you plan to receive BUSD rebates in the future. When you connect without a referral link, your address will be saved on-chain as having no referrer and will therefore not be eligible to receive BUSD Rebates. It will NOT be possible to join via referral link once you have already visited the YSL.IO directly and connected your wallet, as your address has already been saved on-chain as having no referrer.
