Terms of Service
Please read these Terms of Service (“Terms”) carefully prior to a website-hosted user interface available at https://ysl.io (the “Service”). The Service is a community-driven platform governed by and belonging to a decentralized autonomous organization ("DAO") - a governance mechanism that is constantly improving.
These Terms contain important information about your legal rights and obligations. If you do not agree with these Terms, please, do not continue to use the Service.
Our processing of personal data in connection with your access to and use of the Service is described in our Privacy Notice.
If you have any questions or comments about these Terms of Service, please visit our Gitbook to find more information about the Service or contact us at [email protected]
These Terms and any operating rules and policies posted on our website, including Disclaimer and Privacy Notice, constitute the entire legally binding agreement and understanding between YSL.IO and our users ("you" or “user”), governing your access to and use of the Service.
By using the Service you hereby declare and warrant that:
- you have read, understand, have the legal capacity to and hereby agree to be legally bound by and to comply with these Terms in full;
- you are 18 years of age or older (otherwise, you can use the Service exclusively with the involvement of a parent or guardian);
- according to your local jurisdiction, you are eligible to enter into this agreement and have no restriction to use the Service;
- you are domiciled outside the United States;
- you are not a U.S. person as defined under Regulation S under the Securities Act;
- at the time of using the Service you are located outside the United States;
- you comply with these Terms and all applicable laws and regulations;
- you are not subject to any sanctions lists (including the Specially Designated Nationals and Blocked Persons List of the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”)), and are not a citizen or resident of a state, country, territory or other jurisdiction that is sanctioned or embargoed;
- you understand that cryptocurrency involves risks, all of which you fully and completely assume.
You further represent that, if you are agreeing to these Terms on behalf of a legal entity, you have the legal authority to bind that legal entity to the terms of these Terms, can form a legally binding contract online, and have the full right, power and authority to enter into and to comply with the obligations under these Terms; and the entity has its principal place of business outside the United States.
The Service provides potential virtual currency exchange interaction possibilities in a form of data live. The Service is a decentralized informational data network of open source software, online protocols such as informational aggregation protocol and decentralized liquidity protocol (the “Protocol") that sharing the best potential virtual currency exchange possibilities by discovering the most efficient swapping routes across all leading decentralized open-sourced data informational platforms for the YSL.IO participants.
The YSL.IO smart contracts will be deployed onto the BNB Chain, a diverse and growing digital asset ecosystem powered by the Binance decentralized exchange.
All users are able to benefit from MetaVaults by depositing their LP tokens from the Decentralised Automated Market Makers (AMMs) into a corresponding active vault held on the Service. Users may deposit LP tokens from ApeSwap Finance, PancakeSwap, Biswap and other platforms as contemplated by the Service.
In addition to the unique MetaVault function offered by YSL.IO, the Protocol also features such as xBUSD, InterZap, AceVaults, HydraVaults, BANANA-S, Phoenix NFT, Perpetual Ratio, Referral Program, Quantum Buy-Back, SuperNova and Treasury function.
Please be acknowledged with details about MetaVaults, xBUSD, InterZap, AceVaults, HydraVaults, BANANA-S, Phoenix NFT, Perpetual Ratio, Referral Program, Quantum Buy-Back, SuperNova and Treasury functions in our Gitbook before using the Service.
The Service is free of charge for the users. However, YSL.IO reserves the right to charge fees for your use of the Service and adjust the pricing anytime. If such fees are imposed, we will notify you of the fees and pricing of your transaction when you authorize the transaction.
The use of Protocol may imply the payment of the then-applicable fees as laid down on our website, including:
- AceVaults
- 10% Deposit Fee - this fee applies to all AceVaults, and will be used to increase the vaults perpetual ratio.
- 10% USDy AceVault Withdrawal Fee - this fee only applies to the USDy AceVault, and will be used to increase the vaults perpetual ratio.
- 10% Deposit Fee - this fee applies to all HydraVaults, and will be used to increase the vaults perpetual ratio.
- Deposit Fee - this will vary depending on the level selected by the user, and will be sent to the referral contract as well as to increase the vaults perpetual ratio.
- Ecosystem Allocation - this is not a fee as the user will be receiving an equivalent value of BSHARE as adequation.
- $50 Controller Fee - deducted every 8 hours from rehypothecation of vault assets. $50 worth of BNB is collected every 8 hours when the protocol performs the rehypothecation process. This fee will be deducted from the cumulative APR acquired from all MetaVaults. The share of the controller fee that is applicable for each vault will vary depending on the vault's TVL in comparison to the total TVL of the platform. For example, let's say the CAKE MetaVault has a TVL of $2,000,000 and the total TVL across all our MetaVaults is $10,000,000, this would mean $10 worth of BNB will be deducted from the rehypothecation of the CAKE MetaVault assets ($2mil/$10mil * $50).
- YSL.IO Token Taxes - find a complete breakdown of our token taxes and how the revenue is redeployed.
- 30% Claim Fee - when a referrer claims BUSD rewards, there will be a 30% claim fee applicable, this will be sent to the team.
Transactions via the Service are made on Ethereum/BNB Chain or otherwise involve the use of an underlying blockchain or other decentralized or permissioned infrastructure (the "Distributed Ledger Technology") requires that you pay a fee, such as "gas” charges on the network, for the computational resources required to perform a transaction on the particular Distributed Ledger Technology ("Charges").
You acknowledge and agree that YSL.IO has no control over any Distributed Ledger Technology transactions, the method of payment of any Charges, if applicable, or any actual payments of Charges, if applicable.
Accordingly, you must ensure that you have a sufficient balance of the applicable Distributed Ledger Technology network tokens stored at your Distributed Ledger Technology-compatible wallet address ("Distributed Ledger Technology Address") to complete any transaction on the Distributed Ledger Technology before initiating such transaction.
The above fees may apply cumulatively. All fees paid are non-refundable.
Permission is granted to temporarily download one copy of the materials on YSL.IO Service for personal, non-commercial transitory viewing only. This is the grant of a license, not a transfer of title, and under this license, you may not:
• Modify or copy the materials;
• Use the materials for any commercial purpose or for any public display;
• Attempt to reverse engineer any software contained on YSL.IO Service;
• Remove any copyright or other proprietary notations from the materials; or
• Transfer the materials to another person or "mirror" the materials on any other server.
This will permit YSL.IO to terminate your access to the Service upon violation of any of the above restrictions. Upon termination, your viewing right will also be terminated, and you should destroy any downloaded materials in your possession, whether it is in printed or electronic format.
The information available from the Service is only for general information purposes and is not intended to meet a user's requirements. Any commentary, tips and materials posted through the Service by YSL.IO or a third party are not intended to amount to recommendation, advice or endorsement on which reliance should be placed. No reliance or expectation should be placed upon any token(s) sent to any YSL.IO smart contract. You must have no expectation of profit or to benefit from the efforts of others. YSL.IO is fundamentally a piece of inert code at a contract address on the BNB Chain. It can do absolutely nothing on its own.
The user performs all the work by themselves. This is in the same way that all BTC has been caused to exist. As only when people run the code and the rules of the network are met are "coins" or digital tokens created. Wherever possible you agree there is no investment of money or asset in any form. Wherever possible you agree there is no common enterprise, with all deposits made directly to the contract not being an investment, and are a donation with no expectations of any return or benefit.
Every YSL, xYSL, bYSL, USDy, xBUSD and BSHARE token that ever exists is caused to exist by a user creating it by themselves as per the rules of the code that they choose to run. This code lives at a BNB Chain contract address and might be referred to as YSL.IO. Users mine their own block or pay a miner to do it for them. Only you can mint your own YSL, xYSL, bYSL, USDy, xBUSD and BSHARE tokens when you run the exchange function in the code, as it requires your private key. Only you can run the deposit function in the code to deposit tokens, as it requires your private key. Only you can run the withdraw function in the code to withdraw tokens, as it requires your private key. Only you can claim rewards when you run the claim function in the code, as it requires your private key.
To use the Service you need to access your third-party crypto wallets and services, the use of which is governed by such third parties’ Terms of Use and Privacy Notices. Your use of Service depends on its compatibility with third-party services, which YSL.IO cannot guarantee. YSL.IO shall not be responsible for the content and functionality of those or any other services, as well as for any losses, damages or other liabilities incurred as a result of your use or inability to use any of third-party services.
You have full custody and control of the digital tokens held within your digital wallets at all times. We do not have custody of your digital tokens and do not have access to, or retain the electronic private key of your digital wallet. As the owner and custodian of the digital tokens in your digital wallets, you shall bear all risk of loss of such digital tokens.
You understand that YSL.IO is not registered or licensed by the Commodity Futures Trading Commission, Securities and Exchange Commission, Financial Crimes Enforcement Network, or any financial regulatory authority and that no financial regulatory authority has reviewed or approved the Service. You further understand that YSL.IO is not acting as an investment adviser or commodity trading adviser to any person, does not offer securities services in the United States or to U.S. persons, and that the contents of the Service do not constitute advice or recommendations concerning any commodity, security or other assets.
By accessing and using the YSL.IO, you represent that you understand the inherent risks associated with using cryptographic and blockchain-based systems and that you have a working knowledge of the usage and intricacies of digital tokens such as bitcoin (BTC), ether (ETH), and other digital tokens such as those following the Ethereum Token Standard (ERC-20) and BNB Chain (BEP-20 token standard). YSL.IO does not control the underlying software protocols of any digital tokens accessible through the Service. You agree that we are not responsible for the operation, functionality or security of the underlying protocols and not liable for any loss of token value you may encounter due to any operating change, malfunction or failure of the underlying protocols.
You further understand that the markets for these digital tokens are highly volatile and that there are risks associated with digital tokens including (but not limited to) those related to adoption, speculation, technology, security, and regulation. You acknowledge that the cost and speed of transacting with cryptographic and blockchain-based systems such as Ethereum are variable and may increase dramatically at any time. You understand and agree to assume full responsibility for all of the risks of accessing and using the Service and interacting with the Ethereum Blockchain / BNB Chain, and agree that YSL.IO is not responsible for any loss you may experience as a result of these risks.
You should be aware that anyone can create ERC20 tokens on Ethereum and BEP20 on the BNB Chain. We make no representation about the nature, quality, or legal categorization of the token or associated project. You are responsible for doing your own research/due diligence as well as ensuring that you may legally transact in this token in the jurisdiction where you reside.
Before you engage in transactions using an electronic system, you should carefully review the rules and regulations of the exchanges offering the system and/or listing the instruments you intend to trade. Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, and other factors. You should understand these and additional risks before trading.
YSL.IO or its suppliers will not be held accountable for any damages that will arise with the use or inability to use the Service, even if YSL.IO or an authorised representative of this Website has been notified, orally or written, of the possibility of such damage. Some jurisdiction does not allow limitations on implied warranties or limitations of liability for incidental damages, these limitations may not apply to you.
We reserve the right, in our sole discretion, to modify these Terms at any time. If we make changes, we will provide you with notice through the Service. Unless we say otherwise in our notice, any modifications are effective immediately, and your continued use of the Service will confirm your acceptance of the changes. If you do not agree to the amended terms, you must stop using the Service.
It is your sole responsibility to fulfil your tax obligations that apply to your transactions conducted through the YSL.IO Service. You should withhold, collect, report and remit the correct amounts of taxes to the appropriate tax authorities. We make reasonable efforts to make your transaction history available through your account but we make no representation about the completeness or accuracy of that information.
The Service is provided on an "as is" basis without any warranties of any kind regarding the Service and/or any content, data, materials and/or services provided through the YSL.IO Service.
Unless otherwise required by law, in no event shall the owners of, or contributors to, the YSL.IO be liable for any damages of any kind, including, but not limited to, loss of use, loss of profits, or loss of data arising out of or in any way connected with the use of the YSL.IO. In no way are the owners of, or contributors to, the YSL.IO responsible for the actions, decisions, or other behaviour taken or not taken by you in reliance upon the Service and its materials.
You are solely responsible for the legality of your actions within the Service and your use of the Service in accordance with the laws, regulations and third-party services terms applicable to you.
You agree to defend, indemnify and hold harmless YSL.IO, our subsidiaries, directors, partners, employees, contractors and agents from and against any and all claims, responsibility, damages, losses, and expenses, including reasonable legal and accounting expenses, arising from: (i) any breach by you of any of these Terms and any representations or warranties laid down here, (ii) your use/misuse of the Service, or (iii) a violation by you of applicable law, third party’s intellectual property or other rights, any agreement or terms with a third party to which you are subject.
We reserve the right to handle our legal defence however we see fit, including instances when you are indemnifying us. Therefore, you agree to cooperate with us so we execute our strategy.
If any material in the Service, or your use of the Service, is contrary to the laws of the place where you are when you access it, the Service is not intended for you, and we ask you not to use it. You are responsible for informing yourself of the laws of your jurisdiction and complying with them.
These Terms and the Service provision shall be exclusively governed by and construed in accordance with the laws of the state of Saint Vincent and the Grenadines.
Except where prohibited by applicable law, and without limitation to any statutory rights of consumers, you agree that any dispute, conflict, claim or controversy directly or indirectly arising out of in connection with or relating to the Service or these Terms, including, without limitation, those relating to its validity, its construction or its enforceability shall be resolved by means of amicable negotiations directly with YSL.IO team in accordance with the principles of good faith and cooperation.
If a consensus may not be reached by the negotiations, the dispute shall be settled by arbitration.
Termination by YSL.IO. We reserve the right, at any time at our sole discretion, with prior notice to: modify, suspend or discontinue the Service, feature or offers through the Service. You agree that we shall not be liable to you or to any third party should any of the foregoing occur with respect to the Service.
YSL.IO reserves the right to take whatever lawful actions it may deem appropriate in response to actual or suspected violations of these Terms, including, without limitation, the suspension or termination of your user license and access to the Service.
YSL.IO may cooperate with legal authorities and/or third parties in the investigation of any suspected or alleged crime or civil wrong.
If you have any questions or comments about these Terms of Service or the Service, please contact us by:
Email Address: [email protected]
Last modified 4mo ago