Refer & Earn BUSD

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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, transacts with xBUSD, or deposits into one of our HydraVaults or MetaVaults - so start spreading the word and earning those rewards!
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!
But it doesn't stop there - if your friend goes on to refer other people, you'll earn up to 5% from your friends downline too. 
So what are you waiting for? Start sharing your referral link today and start earning BUSD!
👉 Learn How Our Referral Program Utilises Smart Contract Logic
1️⃣ Earn BUSD Rewards
Share your link (referrer) - simply share your personalised referral link with your friend(s) and you'll be able to earn BUSD Rewards each time your friend(s) or their downline swaps bYSL, transacts in USDy, transacts in xBUSD, or deposits into a MetaVault or HydraVault.
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 Join as Referrer - Earn BUSD Rewards
2️⃣ Receive BUSD Rebates
Connect via your friends link (referee) - by connecting to YSL.IO through your friends referral link you'll receive a BUSD Rebate each time you swap bYSL, transact in USDy or deposit into a MetaVault or HydraVault.
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 Join as Referee - Receive BUSD Rebates
When are BUSD Rewards generated? 
BUSD Rewards are generated and sent to the referral contract each time a user performs the following actions: 
1.Deposit into a MetaVault -  two-thirds of the deposit fee allocated for the referral contract.
2.Deposit into a HydraVault -  10% of every deposit allocated for the referral contract.
3.Buy USDy - two-thirds of 15% transaction tax allocated to the referral contract.
4.Transfer USDy - two-thirds of 15% transaction tax allocated to the referral contract.
5.Sell USDy - two-thirds of 15% transaction tax allocated to the referral contract.
6.Buy xBUSD - two-thirds of 15% transaction tax allocated to the referral contract.
7.Transfer xBUSD - two-thirds of 15% transaction tax allocated to the referral contract.
8.Sell xBUSD - two-thirds of 15% transaction tax allocated to the referral contract.
9.Buy bYSL - mint tax allocated to the referral contract.
10.Sell bYSL - burn tax allocated to the referral contract.
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
How do I claim my 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.
Please note: you will need to claim your BUSD rewards before the 730-hour countdown reaches zero and there will be a 30% claim fee applicable.
How do I earn from my friend(s) downline?
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. 
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FAQs
How do I claim my BUSD rewards? 
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.
What happens if I don't claim my BUSD rewards?
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. 
Can I be a referrer and a referee at the same time? 
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.
Can I receive BUSD Rebates if I connect to YSL.IO without a referral link?
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.
If I connected with a referral link, when will I receive my BUSD Rebates? 
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. 
Are there any limits to how many referrals I can have?
There are no limitations; you can refer as many people as you like using our referral program.
What are the eligibility criteria for the program?
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.
How long is the referral program valid?
Forever! or until it is replaced or updated with something better.
Are my referrals from V1 transferred to V2?
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.
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With our protocols triple-tier referral program you can earn BUSD each time your friend(s) swaps bYSL, transacts with USDy, transacts with xBUSD, or deposits into one of our HydraVaults or MetaVaults - so start spreading the word and earning those rewards!
1️⃣ Earn BUSD Rewards
2️⃣ Receive BUSD Rebates
When are BUSD Rewards generated?
How do I claim my BUSD Rewards?
How do I earn from my friend(s) downline?
FAQs