Refer & Earn BUSD
Earn up to 9% from your friend(s)and their downline!
Ready to start earning BUSD? Simply share your referral link with your friend, and you have the potential to earn 4% BUSD rewards. Plus, your friend will also receive 1% BUSD rebates just for using your referral link!
There are no prerequisites for sharing your link. All that your friend(s) need to do is visit YSL.IO via your link and connect their wallet. This ensures their address will be linked with yours. Once the address of your friend has been successfully linked - you'll have the potential to earn 4% BUSD Rewards and your friend will receive 1% BUSD Rebates. Talk about a win-win!
So what are you waiting for? Start sharing your referral link today and start earning BUSD!
BUSD will be generated and sent to the referral contract each time a user performs the following actions:
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:
- Level 1 (your friend) -> You earn 4% BUSD Rewards
- Level 2 (your friends primary downline) -> You earn 3% BUSD Rewards
- Level 3 (your friends secondary downline) -> You earn 2% BUSD Rewards
- All BUSD Rewards are held on a temporary contract where they are held for a limited period.
- Each referrer will have a period of 730 hours to claim their BUSD Rewards, which will be triggered when the BUSD Reward balance of the referrer increases above zero.
- The countdown will run for 730 hours; during this time, the referrer will be free to claim their BUSD Rewards.
- Once the claim period has elapsed (every 730 hours), a forfeiture will occur, whereby any unclaimed BUSD Rewards will be transferred to the team. As a result, a referrer will not be able to leave their BUSD rewards sitting idle on the contract.
- When a referrer claims their BUSD Rewards, there will be a 30% claim fee applicable, and the 730-hour countdown will be set to zero. The 730-hour countdown will reset back to 730 and resume when the referrers balance BUSD Reward balance increases above 0.
- 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, transacts in xBUSD, or deposits into a MetaVault or 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, transacts in xBUSD, or deposits into a MetaVault or 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, transacts in xBUSD, or deposits into a MetaVault or 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.
- Simply connect your wallet to YSL.IO, click on the Refer tab, and a pop-up will appear where you can claim your BUSD Rewards.
- Please note: you will need to claim your rewards before the 730-hour countdown reaches zero, and there will be a 30% claim fee applicable.
- Forever! or until it is replaced or updated with something better.
- None of the code from V1 has been used in the development of V2 and none of our V1 contracts has been carried over. In other words, we've created a brand new referral contract for V2, so your V1 referrals are not going to be transferred over.
- Your friend(s) simply need to visit YSL.IO using your referral link and connect their wallet, upon doing so their address will be linked with yours on-chain.
- 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 swap bYSL, transact in USDy, transact in xBUSD, or deposit into a MetaVault or HydraVault). But, by sharing your unique referral link with your friends you'd be able to earn BUSD Rewards as a referrer.
- There are no limitations; you can refer as many people as you like using our referral program.
- 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.
- You will receive a 1% BUSD Rebate when swap bYSL, transact in USDy, transact in xBUSD, or deposit into a MetaVault or 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.