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πŸš€ YSL.IO Amplification
The YSL.IO Amplification function is capable of amplifying a DeFi users return by up to 325%!

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Strategy 1 (305%)

    Strategy 1 is activated by the protocol when a new user connects to YSL.IO via a Referral Link.
    Upon doing so, the protocol will deactivate the Optimisation function and activate Strategy 1 Amplification to increase the new users return by an additional 5%.
    The new user will then benefit from Amplified Yields (sYSL tokens) equivalent to 305% of their Compounded Returns (LP tokens) when they decide to harvest their position.
    Please note, the protocols amplification function excludes the sYSL, xYSL, YSL-BUSD, sYSL-BUSD and xYSL-BUSD vaults.
    By sharing a Referral Link, a referrer (existing user) will benefit from Referral Rewards (sYSL tokens).
    The protocol will distribute Referral Rewards (sYSL tokens) to the referrer whenever the new user(s) they have referred harvest their position.
    The referrer will receive their Referral Rewards in the corresponding vaults that are being amplified by the new user(s) they have referred.
    An existing user will only receive these rewards if the new user(s) connects to YSL.IO via their Referral Link and also deposit LP tokens into a vault on YSL.IO. In other words, if a new user connects via a Referral Link but doesn't deposit LP tokens, the referrer will not receive any Referral Rewards.
    The amount of sYSL tokens that are received by the referrer is dependent upon the Compounded Returns that are harvested by the new user(s) they referred (excluding the sYSL, xYSL, YSL-BUSD, sYSL-BUSD and xYSL-BUSD vaults), with the referrer obtaining sYSL tokens equivalent to 10% of the new user(s) Compounded Returns.
    Learn more about the YSL.IO Referral Program.
Share a Referral Link
Connect via a Referral Link

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10% Referral Rewards (sYSL tokens)

    The referrer will receive Referral Rewards whenever the new user(s) they have referred harvest their sYSL rewards by calling upon the harvest function.
    The amount of Referral Rewards received by the referrer will vary in accordance with the Compounded Returns obtained by the new user(s) that connected via their Referral Link.
    These rewards will be received in the vault(s) of the existing user, in accordance with the vault(s) being amplified by the new user(s) that connected using their Referral Link.
    The existing user is then able to harvest these Referral Rewards as sYSL tokens.
    The harvested tokens can be staked in the sYSL vault to earn a share of Liquidity Mining Rewards!

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305% Amplified Yields (sYSL tokens)

    When a new user connects to YSL.IO via a Referral Link, they will benefit from Strategy 1.
    Upon depositing LP tokens into any active vault on YSL.IO (excluding the sYSL, xYSL, YSL-BUSD, sYSL-BUSD and xYSL-BUSD vaults), the protocol will activate Strategy 1.
    As a result, when the user harvests their position they will obtain Amplified Yields (sYSL tokens) equivalent to 305% of the Compounded Returns that has been generated from their position.

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Strategy 2 (325%)

    Strategy 2 provides a phenomenal opportunity for users to amplify their returns by 325%.
    When Strategy 2 Amplification is activated, the protocol will deactivate both YSL.IO Optimisation and Strategy 1 Amplification (if applicable).
    If Strategy 1 is deactivated by the protocol, the referrer will still benefit from the user's vault being amplified, as the referrer will continue receiving Referral Rewards equivalent to 10%, based upon the Compounded Returns that was used to create locked liquidity.
    The user will receive Amplified Yields (sYSL tokens) equivalent to 325% of Compounded Returns (LP tokens).
    Please note, the protocols amplification function excludes the sYSL, xYSL, YSL-BUSD, sYSL-BUSD and xYSL-BUSD vaults.
    For Strategy 2 Amplification to be active, a user will need to hold aYSL tokens equivalent to 10% of their TVL held on YSL.IO (excluding the sYSL, xYSL, YSL-BUSD, sYSL-BUSD and xYSL-BUSD vaults).
    Users are able to purchase aYSL tokens by providing either WBNB or BUSD via the Amplify tab, with any WBNB being immediately converted into BUSD by the protocol.
    A 10% aYSL Surcharge is collected when the aYSL token is purchased (in addition to gas costs).
      A user will be required to provide 110% of their purchase amount to cover the 10% surcharge.
      For example, if a user has a TVL on YSL.IO of $1,000 and needs to purchase $100 worth of aYSL tokens, the protocol will add a 10% aYSL Surcharge onto the purchase, which means the user will need to provide $110 to obtain $100 worth of aYSL tokens.
      The 10% surcharge will be used to purchase and burn the xYSL token.
    The protocol will use then use 100% of the acquired BUSD to create YSL-BUSD locked liquidity equivalent to 200%.
    If a user holds an amount of aYSL tokens lower than 10% of their TVL held on YSL.IO (excluding the sYSL, xYSL, YSL-BUSD, sYSL-BUSD and xYSL-BUSD vaults), the protocol will deactivate Strategy 2 and activate YSL.IO Optimisation or Strategy 1 (if applicable).
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The process is outlined below:
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    Step 1 – Deposit LP Tokens
      User deposits their LP tokens into any vault held on YSL.IO (Zero Deposit Fee).
      If the user does not proceed any further, the protocol will activate YSL.IO Optimisation.
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    Step 2 – Purchase aYSL Tokens via Amplify Tab
      The user provides either WBNB or BUSD via the Amplify tab.
      Any WBNB provided by the user will be instantly converted by the protocol into BUSD.
      Please note: the protocol will add a 10% aYSL Surcharge on all purchases of aYSL tokens.
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    Step 3 – Locked Liquidity Created
      The protocol will then match the BUSD by minting an equivalent value of YSL tokens. The BUSD and minted YSL tokens are then deposited into the YSL-BUSD pool held on ApeSwap Finance.
      The YSL-BUSD LP tokens are subsequently deposited into the ApeSwap Finance locked liquidity contract (vesting factory) upon their receipt. This step results in the formation of locked liquidity equivalent to 200% of the value initially provided by the user!
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    Step 4 – aYSL Tokens Issued
      The protocol will then create aYSL tokens for the user.
      The amount of aYSL tokens sent to the user will depend on the value provided.
      Please bear in mind; a user will need to hold aYSL tokens equivalent to 10% of their TVL held on YSL.IO (excluding the sYSL, xYSL, YSL-BUSD, sYSL-BUSD and xYSL-BUSD vaults) for Strategy 2 to be operational.
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    Step 5 – Controller Fee and Amplification Tax
      To perform Strategy 2 Amplification a Controller Fee will be deducted daily from the APR (%) of the token being amplified.
        This fee will vary from 0.3% to 1% and will be converted into BNB to cover gas-related costs incurred by the protocol.
      15% of the remaining token APR (%) is collected daily as an Amplification Tax.
        The collected tokens are immediately converted by the protocol into BUSD.
        The sum total of BUSD is then split, with 5% being contributed to Auto-Locked Liquidity Mechanism, and 10% will be used to purchase and burn the xYSL token.
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    Step 6 – Compounded Returns (APR)
      The remaining token APR (%) will be harvested daily by the protocol and deposited back into the third-party platform, with the protocol holding ownership on the newly minted LP tokens received in exchange.
      The value (in dollar terms) of the compounded third-party tokens will then be displayed on the user's YSL.IO vault with the 325% Amplification Multiplier applied.
      The value (in dollar terms) displayed on the vault interface (sYSL rewards) will only be provided to the user in the form of sYSL tokens when the user performs a vault harvest.
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    Step 7 – Locked Liquidity
      When a user decides to harvest their sYSL rewards by calling upon the harvest function, the protocol will first create locked liquidity.
      To do this, the protocol will exchange the Compounded Returns into BUSD.
        Please note: slippage may result in a lower amount of BUSD being acquired due to the price impact of the third-party token being exchanged.
      100% of the acquired BUSD will be matched, with an equivalent value of YSL tokens being minted by the protocol, creating 200% of YSL-BUSD liquidity.
      The sum total is then sent to the YSL-BUSD pool (ApeSwap), with all the LP tokens being subsequently deposited into the locked liquidity contract for a predetermined period of 1000 years.
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    Step 8 – 325% Amplified Yields (APY)
      Amplified Yields are generated when the harvest function is called upon by the user.
      The protocol will then mint sYSL tokens for the user (Amplified Yields).
      The Amplified Yields will be equivalent to 325% (Strategy 2) of the Compounded Returns generated by the user's position.
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Learn more about YSL.IO Block Rewards and YSL.IO Vaults ​

Last modified 5d ago