Search…
Phase 1 - xYSL V1 OTC Event
If you're looking to get your hands on xYSL V1 before the migration process is underway and xYSL V2 gets listed at $120, the xYSL V1 OTC Event will be the perfect opportunity!
But, there's good news and bad news. The good news is that during our OTC event you can secure your xYSL V1 without paying the 12.5% tax! The bad news is that there's only a limited allocation of 5000 xYSL V1 available to purchase over-the-counter (OTC). As a result, the xYSL V1 OTC event represents a great opportunity to grab some xYSL V1 at a low cost and without paying a tax!
However, please note that all holders of xYSL V2 will be subject to the protocols Liquidity Stability Model (LSM). So if you're thinking of taking advantage of this opportunity, just be aware that you must be willing to hold on to your xYSL V2 for a little while if you plan on selling 100% of your balance. Having said that, you could take advantage of the xYSL AceVault once it's launched to earn rewards while you wait!
The minimum buy-in for the OTC event is 1000 BUSD (only BUSD will be accepted), but there is no maximum buy-in. In other words, you're free to purchase any amount above 1000 BUSD -subject to the availability of xYSL V1 (held in the OTC wallet). The price per xYSL V1 will be in line with the current market price but rounded down to the nearest $5 increment - so if it's $33, it will be rounded down to $30, or $37 to $35 etc. Note it will not be lower than $30.
So if you're interested, head over to the google form and fill in the details. But hurry - this OTC event is only valid until the allocation runs out!
πŸ‘‰ How do I participate in the xYSL OTC Event?
Please note: xYSL V1 will be sent to the wallet address you provided in the form. This transfer will be performed within 24 hours of the form being submitted and after successful receipt of BUSD (this transfer of xYSL will not be taxed). The price you obtain per xYSL will be dependent on the current market price but rounded down to the nearest $5 increment (no lower than $30). Once you receive your xYSL V1, you will be able to migrate to V2 in Phase 3.

πŸ‘‰ Learn more about the benefits of xYSL and its unique deflationary model

Copy link