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πŸ’Œ YSL.IO Referral Program
YSL.IO platform users that share or connect to YSL.IO via a Referral Link will be rewarded!
The YSL.IO referral program is a single-tier program that will come into effect once the platform launches. Any new user that connects through a Referral Link will benefit from a base amplification of 305% through the activation of Strategy 1. In other words, the new user will receive Amplified Yields (sYSL tokens) equivalent to 305% of the Compounded Returns generated from their position.
The YSL.IO Referral Program is also beneficial for existing users that decide to share their Referral Link, with the referrer capable of earning Referral Rewards (sYSL tokens). A referrer will be able to stake their Referral Rewards (sYSL tokens) into the sYSL vault to earn a share of the Liquidity Mining Rewards!
Please bear in mind; The amount of Referral Rewards that an existing user (referrer) receives will be dependent upon the Compounded Returns being generated of the new user(s) that connect via their Referral Link. In other words, if an existing user refers a new user that does not deposit LP tokens into any vault on YSL.IO, they will not receive Referral Rewards, as the new user does not have any amplified vaults.
The YSL.IO Referral Program excludes the sYSL, xYSL, YSL-BUSD, sYSL-BUSD and xYSL-BUSD vaults. These vaults are not able to be amplified via the protocols amplification function and as a result are excluded. In other words, a referrer will not receive referral rewards if the TVL of user(s) that they refer are solely within either the sYSL, xYSL, YSL-BUSD, sYSL-BUSD and/or xYSL-BUSD vaults.

How does this work?

The YSL.IO Referral Program will utilise smart contract logic, whereby a user's Referral Link to the platform will have the additional parameter of a signature. The signature will be created when the user creates a referral link after connecting their wallet to the platform. This signature will be sent to the contract whenever a new individual connects to YSL.IO via the user's unique referral link. The contract will validate the correctness of the signature on-chain and save the wallet address of the new individual to the contract against the address of the referrer. This ensures that an individual is not capable of being referred by more than one user, as their address will be checked and validated on the contract. Furthermore, the signing system will enable a Referral Link (signature) to be shared with another user at any time.
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The process is outlined below:
Connect via a Referral Link
Generate and Share a Referral Link
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    Step 1 – Visit YSL.IO via a Referral Link
      The new user will first need to access YSL.IO via a Referral Link.
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    Step 2 – Connect Wallet
      The new user will then need to connect their wallet to YSL.IO.
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    Step 3 – Address Validation
      When a new user connects to YSL.IO via a Referral Link, their address will be checked and validated on the contract to ensure they have not been previously referred.
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    Step 4 – Deposit LP token(s)
      Once the new user performs a deposit into any active vault on YSL.IO (excluding the sYSL vault), the contract will validate the new user's address
      The protocol will then save the wallet address of the new user on the contract against the address of the referrer (existing user).
      The new user will now benefit from Strategy 1 Amplification and the referrer (existing user) will earn Referral Rewards.
      Please note: the new user will need to make a vault deposit to finalise the process.
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    Step 1 – Connect Wallet
      The user will first need to connect their wallet to YSL.IO.
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    Step 2 – Generate a Referral Link
      The protocol will generate a Referral Link for the user.
      This Referral Link will be unique to the user and will be linked to their wallet address.
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    Step 3 – Share Referral Link
      The user is now able to share their Referral Link.

Benefits of 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 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 Amplification.
    Upon depositing LP tokens into any active vault on YSL.IO (excluding the sYSL and YSL-BUSD vault), 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.

βœ… Example – YSL.IO Referral Program

User A
User B
User C
Step 1: User A connects to YSL.IO via a Referral Link.
    User A
    πŸ¦Έβ™‚
      By connecting via a Referral Link, User A is now able to achieve a base amplification of 305% through activation of Strategy 1.
Step 2: User A then generates and shares their Referral Link with User B and User C.
    User B
    πŸ‘©πŸš€
      Connects to YSL.IO using User A's Referral Link
        Deposits $10,000 of liquidity tokens into the CAKE-BNB vault on YSL.IO.
        Given that User B has connected using User A's Referral Link, User B now has a base amplification of 305% through activation of Strategy 1.
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    User C
    🧝
      Connects to YSL.IO using User A's Referral Link
        Does not deposit/participate in any vaults on YSL.IO.
        If User C were to deposit LP tokens into any vault on YSL.IO, they would attain a base amplification of 305% through activation of Strategy 1.
Step 3: User A will now earn Referral Rewards (sYSL tokens).
    User B
    πŸ‘©πŸš€
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      Has a TVL of $10,000 held within the CAKE-BNB vault
        User A will receive Referral Rewards for all vaults that are amplified by User B.
    User C
    🧝
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      Has not deposited/participated in any vaults.
        User A doesn't receive Referral Rewards for User C.
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βœ…
User A now attains a base of amplification of 305%.
When the user decides to harvest their sYSL rewards, they will obtain Amplified Yields (sYSL tokens) equivalent to 305% of the Compounded Returns generated by their position.
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User A is also receiving Referral Rewards, by simply sharing a referral link!
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Please note:
    User A will receive their Referral Rewards in the CAKE-BNB vault.
    User A will not benefit from the TVL held by User D, User E or User F.
Step 1: User B connects to YSL.IO via User A's Referral Link.
    User B
    πŸ‘©πŸš€
      By connecting via a Referral Link, User B is now able to achieve a base amplification of 305% through activation of Strategy 1.
Step 2: User B deposits CAKE-BNB LP tokens into the CAKE-BNB vault on YSL.IO
    User B
    πŸ‘©πŸš€
      User B will now benefit from a 305% amplification on their CAKE-BNB farming position ($10,000).
Step 3: User B then generates and shares their Referral Link with User D and User E.
    User D
    πŸ§™β™‚
      Connects via the Referral Link & deposits $100,000 of LP tokens into the ETH-BNB vault on YSL.IO.
        Given that User D has connected to YSL.IO via the Referral Link provided by User B, User D now has a base amplification of 170% for Strategy 1.
    User E
    πŸŽ…
      Connects via the Referral Link & deposits $1,000 of LP tokens into the BUSD-BNB vault on YSL.IO.
        Given that User E has connected to YSL.IO via the Referral Link provided by User B, User E now has a base amplification of 170% for Strategy 1.
Step 4: User B will now receive Referral Rewards.
    User D
    πŸ§™β™‚
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      Has a TVL of $100,000 held within the ETH-BNB vault on YSL.IO.
        User B will receive Referral Rewards based on the Compounded Returns User D generates from their ETH-BNB position.
    User E
    πŸŽ…
      Has a TVL of $1,000 held within the BUSD-BNB vault on YSL.IO.
        User B will receive Referral Rewards based on Compounded Returns User E generates from their BUSD-BNB position.
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βœ…
User B now attains a base of amplification of 305%.
When the user decides to harvest their sYSL rewards, they will obtain Amplified Yields (sYSL tokens) equivalent to 305% of the Compounded Returns generated by their position.
βœ…
User B is also receiving Referral Rewards, by simply sharing a referral link!
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Please note:
    User B will receive Referral Rewards in the ETH-BNB vault.
    User B will also receive Referral Rewards in the BUSD-BNB vault.
    User B will not benefit from the TVL held by User A or any user referred by User D and User E.
Step 1: User C connects to YSL.IO via User A's Referral Link.
    User C
    πŸ˜‡
      By connecting via a Referral Link, User C is now able to achieve a base amplification of 305% through activation of Strategy 1.
Step 2: User F now connects to YSL.IO via their own Referral Link (User C2).
    User C2
    πŸ‘Ό
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      User C connects via their own Referral Link (as User C2) and deposits $50,000 of liquidity tokens into the ETH-BNB vault on YSL.IO.
      As User F connected via a Referral Link, they will attain a base amplification of 305% through the activation of Strategy 1.
Step 3: User C will now receive Referral Rewards.
    User C2
    πŸ‘Ό
      Has a TVL of $50,000 held within the ETH-BNB vault.
        User C will receive Referral Rewards based on the Compounded Returns User C2 generates from the ETH-BNB position.
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βœ…
User C now attains a base of amplification of 305%.
When the user decides to harvest their sYSL rewards, they will obtain Amplified Yields (sYSL tokens) equivalent to 305% of the Compounded Returns generated by their position.
βœ…
User C will receive Referral Rewards, as they connected to YSL.IO via their own referral link.
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Please note:
    User C will receive Referral Rewards in the ETH-BNB vault.
    User C will not benefit from the TVL held by User A or any user referred by User C2.
    If User C had not connected to YSL.IO (as User C2) using their own Referral Link, they would not benefit from the Referral Rewards.
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Learn more about YSL.IO Amplification​

Last modified 2d ago