Search…
Purchase of sYSL tokens
An entrance fee of 10% is applicable when sYSL tokens are purchased.

Token
➑
sYSL - 10% fee is charged by the protocol

Users can send any token listed on YSL.IO in exchange for sYSL tokens, with the protocol converting any sent tokens into BUSD immediately. A 10% sYSL entrance fee will then be deducted from the acquired BUSD. Following this, the protocol will match the remaining BUSD by minting an equivalent value of sYSL tokens, which are sent to the user. The remaining BUSD will then be used to create locked liquidity equivalent to 200%! The process is outlined below:

Example - WBNB
➑
sYSL

Suppose a user wants to swap WBNB for sYSL tokens using the exchange function:
Step 1: The WBNB is immediately converted into BUSD by the protocol.
Step 2: The 10% sYSL entrance fee will be deducted from the acquired BUSD.
Step 3: The protocol will match the remaining BUSD and mint sYSL tokens for the user.
Step 4: The remaining BUSD acquired will then go towards forming YSL-BUSD locked liquidity.
    First, the protocol will match the remaining 90% of acquired BUSD by minting an equivalent value of YSL tokens.
    The BUSD and minted YSL tokens are then deposited into the YSL-BUSD liquidity pool held on ApeSwap Finance.
    The LP tokens are sent to the ApeSwap Finance locked liquidity contract (vesting factory) for a predetermined period of 1000 years, resulting in the formation of locked liquidity equivalent to 200% of the sYSL provided to the user.

​
β„Ή
Please note: 180-Day Vesting Period For Minted sYSL Tokens

Every new sYSL token that is minted after the discovery will be subject to a vesting period of 180 days. This means, all purchased sYSL tokens will be unlocked on each block over a period of 180 days.
​
Last modified 5d ago
Copy link